Indicates whether if this vacancy posting is part of the NY HELPS Program.NY HELPNo

The agency in which the vacancy exists.AgencyInsurance Fund, State

The job title for the vacancy.TitleDirector of Actuarial Models

The job title for the vacancy.Occupational CategoryFinancial, Accounting, Auditing

The salary grade for this vacancy. Salaries are determined by salary grade and bargaining unit.Salary GradeNS

The collective bargaining unit to which this vacancy is assigned.Bargaining UnitM/C - Managerial/Confidential (Unrepresented)

The minimum and maximum of the salary range for this vacancy.Salary RangeFrom $183400 to $203400 Annually

Indicates whether this job is full-time or part-time. If the job is part-time, an estimated percentage will be provided. Employment Type Full-Time

This indicates the type of job, typically permanent, temporary, or provisional. 'Provisional' means that the appointment will be temporary until the incumbent takes and passes an appropriate civil service examination. Appointment Type Permanent

Jurisdictional class is the indicator for how this job can be filled. The classified service is governed by the Civil Service Commission, and consists of competitive, non-competitive, exempt, and labor classes. 'Competitive class' indicates that the applicant must take and pass an appropriate civil service examination. 'Non-competitive class' indicates that the applicant's qualifications will be evaluated without a civil service examination. 'Exempt class' indicates that the applicant will be evaluated by methods other than competitive or non-competitive, and that incumbents will not be granted tenure. 'Labor class' requires that applicants possess skills or other physical characteristics that cannot effectively be evaluated by other means. The unclassified service is legislatively defined, and includes such positions as elected officials, department and agency heads, and all academic personnel in public schools, colleges, and universities. Jurisdictional Class Exempt Class

Estimates the percentage of time incumbents of this vacancy will be required to travel. Travel Percentage 20%

This provides information on the expected workweek. Workweek Mon-Fri

The number of hours in the workweek, typically 37.5 or 40 for full time, or any other number for part time.Hours Per Week 37.5

Workday

The start time for this vacancy. If the agency employs flextime, this will be the earliest time this vacancy's shift can start. From 9 AM

The end time for this vacancy. If the agency employs flextime, this will be the latest time this vacancy's shift can end. To 5 PM

If checked, the agency allows flextime. Flextime allowed? No

If checked, this vacancy includes mandatory overtime. Mandatory overtime? No

If checked, this agency allows compressed workweek scheduling. Compressed workweek allowed? No

If checked, this agency allows telecommuting for this position. Telecommuting allowed? Yes

The county in which the vacancy is located. County New York

The street address where the vacancy is located. Street Address 199 Church Street

The city where the vacancy is located. City New York City

The state where the vacancy is located (the default is New York). StateNY

The zip code where the vacancy is located. Zip Code10007

The duties that the incumbent of the vacancy will be expected to perform. 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.

The minimum qualifications required for this vacancy. 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).


Please be advised that the New York State Insurance Fund does not offer sponsorship for employment visas to employees or potential employees. Candidates sponsored for employment by an organization should be aware of their sponsorship status and the relevant expiration date(s) of that sponsorship before applying to this position.

Additional comments regarding the vacancy. Additional Comments Please note, the salary range shown includes location pay and/or geographic pay.

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.


NYSIF Commitment to Diversity, Equity, and Inclusion
The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.


Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com.

Some positions may require additional credentials or a background check to verify your identity.

The name of the contact person for this vacancy. Name Human Resources

The telephone number to use for questions about this vacancy. Telephone

The fax to use for this vacancy. Fax 518-437-1618

Email address for emailing applications, or to ask questions about this vacancy. Email Address hrexec@nysif.com

Address

The street address of the contact for this vacancy. Street 15 Computer Drive West

The city for the contact for this vacancy. City Albany

The state of the contact for this vacancy (the default is New York). State NY

The zip code for the contact for this vacancy. Zip Code 12205

Instructions for potential applicants.Notes on ApplyingPlease submit application materials to hrexec@nysif.com, referencing the Vacancy ID# in your subject line.