GOT-IT
Senr Actuary Life - Grade 19
Positions in this title can be hired through NY HELPS
- Career Ladder
- Job Description
- Minimum Qualifications
- How to Apply
- Career Mobility
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GOT-IT does not provide information on any job postings or job availability. For information on current job postings, please visit StateJobsNY. You may also visit specific New York State Agency websites for information about an agency and its job opportunities.
Positions
This title exists within Various New York State Agencies and has approximately 17 positions statewide.
*The number of positions is approximate and represents the number of positions established (both filled and vacant); it is not an indication or reference to position type or duration, or intent to be filled.
Career Ladder
A listing of titles that are most commonly used as steps for upward mobility for this title series.
| Title | Grade | Hiring Rate/yr | Job Rate/yr |
|---|---|---|---|
| Senr Actuary Life | 19 | $68,523 | $87,032 |
| Assoc Actuary Life | 24 | $88,639 | $111,897 |
| Prin Actuary Life | 28 | $109,250 | $134,178 |
| Supvg Actuary Life | 64 | $123,793 | $156,224 |
| Chief Life Actuary 3 | 65 | $137,457 | $173,664 |
| Chief Life Actuary 2 | 66 | $152,191 | $191,427 |
| Chief Life Actuary 1 | 67 | $167,754 | $207,762 |
All salary grades for trainees titles are non-statutory (NS) equated to the salary grade identified. These grade equations apply to the starting salaries in their respective salary schedule for the traineeship levels.
This title may exist in more than one negotiating unit. This salary schedule represents the most typical salary for this title. Click here to view additional salary information regarding the various bargaining units.
An individual's final salary is determined by the Office of the State Comptroller. This salary schedule does not reflect any Special Salary Treatments
Job Duties
As a Senior Actuary (Life) in the NYS Department of Financial Services, you may assist higher-level actuaries in the review of premium rate submissions, experience rating formulae and loss ratio reports of Health Maintenance Organizations or Credit Insurance Plans. You may assist in checking actuarial reserve formulae and calculations of net premiums and reserves for life insurance, retirement benefits, annuities, and health insurance. You may assist higher-level actuaries in evaluating submissions related to agent compensation, separate accounts, investment income allocation, policy forms and rates, and actuarial projections supporting company plans of operation. You may participate in on-site examinations of insurance companies, fraternal benefit societies, and retirement systems.
As a Senior Actuary (Life) in the NYS Office of the State Comptroller, you would assist higher-level actuaries in preparing new actuarial tables, such as tables of annuity values, option factors, and rates of contributions; and in computing retirement allowances and valuation reserve factors.
As a Senior Actuary (Life) in the NYS Teachers' Retirement System, you would participate in the annual valuation of the System's liabilities, prepare fiscal notes for proposed legislation affecting the System, compute annuity values and option factors based on mortality and interest assumptions adopted by the Board, calculate option factors as required by a Domestic Relations Order (DRO), perform studies of actual experience in relation to expected experience based on the valuation assumptions, generate statistics based on the System's membership, and prepare the actuarial and statistical portions of the annual reports to members.
View the classification standard for this title which illustrates the nature, extent and scope of duties and responsibilities of the classes they describe.
Summary of Minimum Qualifications
For informational purposes only, click on the examination number(s) listed below to see the current or previous examination(s) that are used to fill this title.
20-110010Please note: qualifications for this position may be subject to change. Job postings on StateJobsNY will contain the most up-to-date qualifications.
How to Apply
All HELP and NY HELPS open positions are now posted on StateJobsNY. It is now even easier for Jobseekers to find openings and connect with New York State agencies.
To narrow your search to NY HELPS jobs, click on "For the General Public", then "Search Vacancies", and select "Yes" on the NY HELPS dropdown to narrow your search to NY HELPS jobs.
Directions to apply will be specified on each individual job posting.
Mobility Options
Career mobility is not just limited to the titles in the Career Ladder, above. Additional movement may be achieved through transfers opportunities or other examinations.
For additional information or clarification of transfer determinations, current State employees should contact the Career Mobility Office at (518) 485-6199 or (800) 553-1322.
You can also visit ELMS Online to view established open-competitive, promotion, and transition eligible lists.