Description

As below we have 4 positions open for our client (NYS DFS) for Actuary - Hybrid Position - (CAS, Rate Studies in Property Casualty Insurance) at One State Street Plaza, New York, NY 10004.

Let us know, if interested:

Possible start date: 12/1/25. 

Job Description and Required Services: 

• provide recommendations for disposition of rate filings assigned to contractor. 
• participation in various meetings at the request of the Department may be required to discuss all facets of the rate filing. 
• provide a completed DFS indication spreadsheet and presentation spreadsheet. 
• the following Deliverables should be included in an Internal Actuarial Memo:
  • Actuarial rate recommendations 
  • Description of the process used to evaluate the rate filing 
  • Recommendations to the preparer of the subject rate filing 
  • Assumptions and methods 
  • Reliability of underlying data sources 
  • Caveats related to the study 
  • must include all written and electronic report(s), along with all supporting documentation for the recommended disposition.  
  • assists in checking the mathematical accuracy of calculations; 
  • reviews insurance company rate filings for compliance with standards; maintains in-house databases; 
  • assists with special projects and research as needed; and 
  • performs other duties as assigned. 

In addition, the candidate must possess and/or have the ability to: 

a. Work individually and as part of a team. 

b. Track and manage reporting projects without daily oversight. 

c. Excellent verbal communication, writing, and interpersonal skills. 

d. Strong project management skills, including experience managing multiple time-sensitive, complex projects simultaneously. 

e. Detail-oriented with the ability to organize and prioritize tasks effectively in a fast-paced environment. 

f. Proficiency with Microsoft 365, including working experience with Excel, Teams, WebEx, and Zoom. 

g. Manage varied tasks as assigned 

Notes: 

*Telecommuting may be allowed at the discretion of the hiring manager 

*The Department does not provide parking, but the office is accessible by mass transit. 

If you are interested for this position, we will need followings (will request in follow up email once we receive your interest) to submit to our client, NYS DFS: 

a. Cover Letter

b. Resume 

c. A Statement saying you are eligible to work in NYS

d. Attachment 2: Minimum Candidate Qualifications Certification

Minimum Candidate Qualifications:

a. Bachelor's degree including 24 semester credit hours in mathematics, statistics, or actuarial science; and

b. Eligible to work in New York State; and

c. One or more of the following:

1. Three (3) or more years of experience performing rate studies in the Property Casualty Insurance industry and is a Fellow or Associate of the Casualty Actuary Society (CAS); or

2. Passed at least four (4) CAS exams and has seven (7) or more years of experience in Property Casualty Insurance actuarial ratemaking.

 
Nature of Work M-F 8-4, 37.5 hrs per week
Duration: Full Time, Assignment is Two year plus possible extension for up to two additional years
Salary Range: $ 75.00 to $80.00  /Hour- We only offer 40 hours per year of Sick Time Benefits. There are no other benefits. No Holiday Pay. Person gets paid for the hours they work on weekly basis.

Start date: $75.00 per Hour

12 months from Start date: $77.00 per Hour

24 months from Start date: $80.00 per Hour

Please call for any questions:

Jayesh Desai

National Disaster Recovery Technical Assistance Consultants, Inc.

59 Court Street, 7th Floor           

Binghamton, NY 13901

(607)321-1088

To Apply: [email protected]