Supvg Actuary Life - Grade 64

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 28 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 Senr Actuary Life
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 Supervising Actuary (Life) in the NYS Department of Financial Services, you may review actuarial opinions and supporting memoranda on the adequacy of reserves of life insurers. You may review policy forms and rate filings for innovative and complex life insurance and annuity products and draft new regulations involving actuarial matters. You may review a company's market conduct in the use and marketing of policy forms. You may draft changes in laws or regulations or represent the Department in public forums. You may review complex submissions regarding agent compensation, separate accounts, investment income allocations, and actuarial projections for company plans of operation. You may oversee the review of complex rate adjustment applications for health products from Health Maintenance Organizations, Life and Accident and Health Insurance Companies, Non-Profit Medical and Dental Indemnity Corporations, Non-Profit Health and Hospital Service Corporations and government sponsored programs for compliance with statutes and regulations, investigate public complaints on actuarial related matters, participate in public rate hearings; and develop Department policy on rate matters. You may supervise lower-level actuaries.

As a Supervising Actuary (Life) in the NYS Office of the State Comptroller, you would assist in setting actuarial assumptions and determining employer contribution rates. You would plan and develop funding procedures to match expanding benefit structures, analyze gains/losses of the systems' operations, and formulate new applications of actuarial concepts.

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.

20-125

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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