Prin Actuary Casualty - Grade 28

Positions in this title can be hired through NY HELPS

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 14 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.

Salary Information for Actuary Trainee
Title Grade Hiring Rate/yr Job Rate/yr
Actuary Trainee 13 $49,363 $63,169
Assnt Actuary 14 $52,198 $66,634
Senr Actuary Casualty 19 $68,523 $87,032
Assoc Actuary Casualty 24 $88,639 $111,897
Prin Actuary Casualty 28 $109,250 $134,178
Supvg Actuary Casualty 64 $123,793 $156,224
Chief Casualty Actuary 3 65 $137,457 $173,664
Chief Casualty Actuary 2 66 $152,191 $191,427
Chief Casualty 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 Principal Actuary (Casualty) in the NYS Department of Financial Services, you would apply intermediate and advanced loss reserving techniques, analyze reinsurance agreements, and provide recommendations regarding actions to be implemented; modify/create databases; critique statutory documents; and assist in training subordinate staff. You would determine whether rates are reasonable and consistent. You would assist the Supervising Actuary (Casualty) in determining basic policy decisions and the manner in which Department rate regulations are administered. You might collect statistics to determine if rates are reasonable and consistent, and represent the Department in its contacts with property/casualty insurance companies.

As a Principal Actuary (Casualty) with the NYS Insurance Fund, you would head a division within the department and be responsible for the output of the various units in the division. You would be directing ad hoc research projects, overseeing the preparation of various periodic reports for analyzing numerous aspects of the Fund operation, representing the Fund in its contacts with the business world, supervising lower-level actuaries, and assisting the Supervising Actuary (Casualty) and the Director of Actuarial Services.

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.

20-118010

Please 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.

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