Chief Actuary, Director of Actuarial Models

Job Description

Job Description

Job Title: Chief Actuary, Director of Actuarial Models

Location: New York, NY

Work Schedule:Normal business hours Monday-Friday 37.5 hours/week

Job Type: Full-Time

Salary: $180,000 - $200,000 Yearly

Duties Description:

The Director of Actuarial Models will be responsible for creating, staffing and leading a new team within the NYSIF Actuarial Department.

Responsibilities may include but will not be limited to:

• Development of solutions to strategic business challenges through advanced modeling, including machine learning and other AI-type of models.
• Coordinate, consolidate and oversee the review and enhancements of existing actuarial models, both statistical and AI in nature.
• Providing leadership in the management and development of a team, setting priorities, goals and development plans to meet business goals and objectives.
• Leading the day-to-day work of the Modeling team, ensuring that projects achieve appropriate end points, and that status and results are communicated to business partners in a clear, concise manner.
• Ensuring analytical models are properly implemented with the highest level of buy-in from internal customers.
• Expanding analytical tools, methods and increasing the use of new data sources, data science and AI techniques consistent with NYSIF and New York State AI policies.
• Implementing best practices and repeatable processes that ensure consistent, quality delivery of modeling work from the team.
• Participate in the internal review of AI-type of models and their compliance with both New York State and NYSIF AI policies.
• Perform all work in conformance with Actuarial Standards of Practice.

  Specifics Minimum Qualifications:

  Education/Experience

• Associate or Fellow of Casualty Actuarial Society (ACAS, FCAS)
• Bachelor’s degree in actuarial science, mathematics, statistics or a related field
• Minimum of ten (10) years of actuarial experience; two (2) of which must be subsequent to obtaining the Associate or Fellowship designation and include responsibility for managing and/or directing all activities of an actuarial team

Technical/Functional Skills

• Advanced understanding of current technical and statistical methods, tools, and techniques
• Model-building, predictive analytics and AI experience
• Knowledge and understanding of current and emerging statistical and AI methods, trends and technologies
• Experience managing, manipulating and extracting key insights from raw data, both structured and unstructured
• Familiarity with external data providers and sources
• Ability to guide business partners through complex situations through interpretation of model results
• Excellent communication, strategic and critical thinking skills
• Self-starter with a commitment to adhere to and implement best practices
• Team player with ability to build partnerships with staff and senior leadership

Preferred Qualifications:

• Strong managerial skills, team building, and organizational skills;
• Advanced degree in mathematical, statistical or AI-related fields;
• Membership in the American Academy of Actuaries (MAAA).

Fringe Benefits:

• Competitive Compensation.

• Future 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.

• Public Student Loan Forgiveness (PSLF).

• Possibility of Telecommuting, Flextime, and Alternative Work Schedules.