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SalaryNew York City 10007 or Albany, NY 12206
Salary: 120,000 - $156,000
New York City candidates will be eligible for $3,400 location pay
Description:
The Supervising Actuary (Life) will report to the Chief Actuary and will be responsible for performing the following duties for disability benefits which may include, but not be limited to, the following:
- Perform actuarial pricing and reserving calculations involving disability insurance and Paid Family Leave (PFL) in compliance with applicable regulations and statutes.
- Estimating the impact of actual and proposed changes in regulations and laws for disability benefits.
- Representing the company on, and/or providing actuarial support to, industry task forces and committees.
- Performing difficult actuarial duties requiring extensive knowledge in actuarial theory.
- Oversee all actuarial calculations related to disability benefits.
- Recommend large account pricing.
- Supervise Actuarial and non-actuarial staff.
- Provide actuarial support for Paid Family Leave coverage.
- Analyze trends and drivers.
- Prepare, develop, and review monthly, quarterly and annual internal and external financial and statistical reports.
- Review adequacy of disability benefits and PFL rates and propose changes necessary to ensure proper pricing levels; prepare rate filings.
- Calculate premium returns due policyholder via the Return of Premium program and Premium.
- Adjustment program.
- Monitor profitability by segment.
- Analyze proposed new products and contracts.
- Develop analytics and models to support executive level decision making.
- Advise and assist business partners in the use of actuarial and mathematical techniques to analyze the business.
Qualifications:
- A bachelor’s degree or higher; AND Successful completion of the Society of Actuaries examinations MLC, MFE, and four additional examinations OR be an Enrolled Actuary and successfully completion of the Society of Actuaries examinations MLC, MFE, and three additional examinations.
- Five years of actuarial experience in one or more of the following activities:
- Actuarial or statistical work for operating units or management.
- Governmental regulatory actuarial functions.
- Governmental or private pension actuarial function; OR performing actuarial computations for reserves, premium rates, and/or policy forms.
Preferred Qualifications:
Applicants should be an Associate or Fellow of the Society of Actuaries (ASA, FSA) and a member of the American Academy of Actuaries (MAAA).
Employee Benefits:
- Competitive Compensation.
- Career Growth Potential.
- Open and Supportive Team-Based Environment.
- Plentiful Vacation, Personal, and Sick Leave Accruals.
- Paid State and Federal Holidays.
- Full Medical, Vision, and Dental.
- Retirement Options.
- Possibility of Telecommuting, Flextime, and Alternative Work Schedules.
Primary Location: New York City or Albany
Travel: Minimal
Schedule: Full-time
