Address
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SalaryThe New York Department of Financial Services seeks to build an equitable, more transparent and resilient financial system that benefits New Yorkers and supports business. Through engagement, data-driven regulation, and operational excellence, DFS is responsible for empowering consumers and protecting them from financial harm; ensuring the health and stability of the financial entities we regulate; and driving economic growth through responsible innovation.
DFS is seeking candidates for entry-level actuarial positions in various Bureaus within the Insurance Division. The Life and Health Bureaus are responsible for the supervision and regulation of the entire life and health insurance industries in New York State and does so by establishing standards for financial solvency, market conduct and corporate oversight and produces regulations, while monitoring the compliance of regulated entities with such standards. The Property Bureau is responsible for the supervision and regulation of the property and casualty insurance industry in New York State and does so by establishing standards for financial solvency, market conduct and corporate oversight and produces regulations, while monitoring the compliance of regulated entities with such standards.
As an Actuary in the NYS Department of Financial Services, you will supervise, review, or assist in the review of actuarial issues related to pricing, solvency, and market conduct of casualty insurers conducting business in New York State. Specific duties vary by title and are available through the attached links.
Appointment method:
List Appointment: Candidates must be reachable on the Civil Service eligible list for Actuary Trainee (#20-101) or Assistant Actuary (#20-104).
The examination requires completion of an application/supplemental questionnaire and is a prerequisite to employment. There will be no written test. The application/supplemental questionnaire is the test. Your completed application / supplemental questionnaire will be the only basis for rating your training, education, and experience.
The examination announcement and application can be found using the links below. Successful candidates will have their names added to the eligible list based on final score and will be eligible for appointment to this position if their score is immediately reachable or for future appointments at the time their score does become reachable. There is an ongoing need for persons qualified for appointment to this title and applications are accepted at any time.
Exam Announcements: https://www.cs.ny.gov/examannouncements/announcements/pdf/20-101.pdf
Exam Applications: https://www.cs.ny.gov/examannouncements/announcements/pdf/20-104.pdf
Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $3,087 annual downstate adjustment.
To Apply: Interested qualified candidates must submit a resume and letter of interest no later than March 29, 2024 to the email address listed below. Please include the Box # (Box AACT/TR23) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.
Ioni Reyes
Box AACT/TR23 New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: human-resources@dfs.ny.gov
Fax: (518) 402-5071
All candidates that apply may not be scheduled for an interview
Public Service Loan Forgiveness
Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF). This program forgives the remaining balance on any Direct Student Loans after you have made 120 qualifying monthly payments while working full-time for a U.S. federal, state, local, or tribal government or not-for-profit organization. To learn more about the program and whether you would qualify, please visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
AMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONS
Under the Americans with Disabilities Act (ADA), the Department of Financial Services is required to provide reasonable accommodation for known physical or mental limitations of an otherwise qualified applicant with a disability if an accommodation would enable the applicant to perform the essential functions of the job. If the accommodation would constitute an undue hardship on the operations of the agency, the agency is not required to provide it.
Pursuant to Executive Order 161, no State entity, as defined by the Executive Order, is permitted to ask, or mandate, in any form, that an applicant for employment provide his or her current compensation, or any prior compensation history, until such time as the applicant is extended a conditional offer of employment with compensation. If such information has been requested from you before such time, please contact the Office of Employee Relations at (518) 473-3130 or via email at response@oer.ny.gov.
Job Type: Full-time
Pay: $47,925.00 - $64,693.00 per year
Benefits:
- Health insurance
Schedule:
- Monday to Friday
Work Location: Hybrid remote in New York, NY 10004
