No exam required under the New York Hiring for Emergency Limited Placement Statewide (NY HELPS) Program.
Non-Competitive Qualifications for appointment under the NYHELPS Program:
A bachelor's degree or higher; AND successful completion of two examinations of the Society of Actuaries; AND three years of actuarial experience in one or more of the following activities:
• Actuarial or statistical work for operating units or management.
• Governmental regulatory actuarial functions; governmental or private pension actuarial functions.
• Performing actuarial computations for reserves, premium rates, and/or policy forms.
Competitive Minimum Qualifications:
You must be currently reachable on the appropriate eligible list for this title or eligible to transfer under Section 70.1 or 52.6 of the Civil Service Law.
70.1 Transfer:
To be eligible for a 70.1 transfer to an Associate Actuary Life SG-24, you must have one year of permanent competitive service in a qualifying title allocated to a salary grade 22 or above.
52.6 Transfer:
To be eligible for a 52.6 transfer to an Associate Actuary Life SG-24, you must have one year of permanent competitive service in a qualifying title allocated to a salary grade 22 or above; AND a bachelor's degree or higher; AND Successful completion of two examinations of the Society of Actuaries.
To determine if your current Civil Service title is eligible for transfer to this title, visit the Career Mobility GOT-IT website: Career Mobility Office " GOT-IT (ny.gov)
Appointments via transfer must not result in a second, consecutive transfer with an advancement of more than two S-grades or one M-grade.
Duties Description • Fiscal Notes
o Update fiscal notes for a new legislative session. Check novel fiscal notes, recommending revised methodology where appropriate.
o Develop a mastery of Access.
o Develop a mastery of PeopleSoft data and cases.
o Review and check all revisions to fiscal note policies.
• Actuarial Data Aggregation and Year End File Creation
o Develop expertise in the process used to aggregate and validate actuarial data used in the annual valuation input files.
o Develop a mastery of PeopleSoft data tables and cases.
o Develop a mastery of TSQL and PL/SQL.
• Publications
o Check actuarial reports and miscellaneous calculations using excel and word editing skills.
o Develop a mastery of the actuarial valuation book, the report of the actuary, and the actuarial components of the ACFR and insurance report.
o Begin developing exhibits independently, as requested, and otherwise review and check all entries in these documents.
• Actuarial Calculations
o Perform bond refunding, workers compensation offsets, escalation, COLA, structured judgements, and option 4 calculations (including qualified domestic relations orders).
o Develop a mastery of Excel.
o Develop a mastery of bond refunding and option 4 calculations.
o Assure QDRO compliance.
• Actuarial Assumptions Research
o As directed by the Chief Actuary, perform independent research of outside forces impacting various actuarial assumptions, by conducting in-house studies and reading professional literature, and report findings.
o Support the development of presentations delivered by the Chief Actuary. Support the development of the Actuarial Assumptions Report.
o Draft memorandums establishing policies and procedures for actuarial bureau for review by the lead actuary.
Additional Comments Desired Competencies
• Experience computing optional pension allowances as directed by Qualified Domestic Relations Orders
• Experience computing actuarial equivalence, option factors and annuities according to NYSLRS' laws and policies
• Experience reviewing present value calculations and the development of pension liabilities
• Knowledge of NYSLRS' retirement plans
• Experience working with large datasets
• Experience reviewing actuarial reports - like the Comprehensive Annual Financial Report
• Experience with developing and reviewing SQL scripts
• Commitment to taking and passing actuarial exams
• Strong computer skills - SQL, Access, Excel
• Strong computational skills
Telecommuting:
The Office of the New York State Comptroller (OSC) supports telecommuting where it is reasonable to do so based upon the agency's mission and operational needs. Generally, employees new to OSC will be restricted from telecommuting for at least 8 calendar weeks. After the initial 8 calendar week restriction, if an employee's duties and work performance are aligned with telecommuting they may be allowed to do so. Upon approval to telecommute, OSC employees may telecommute up to 5 days per pay period.
Reasonable Accommodation:
The NYS Office of the State Comptroller provides reasonable accommodations to applicants with
disabilities. If you need reasonable accommodation for any part of the application and hiring process, please notify the Division of Human Resources at (518) 474-1924.
Equal Opportunity Employment:
The Office of the NYS Comptroller values a workforce with a broad, diverse range of backgrounds and perspectives. All employees are expected to contribute to a professional environment focused on self-evaluation and improvement, as well as acceptance and support of coworkers.
Some positions may require additional credentials or a background check to verify your identity.
Name David Heaphy
Telephone (518) 474-1924
Fax (518) 486-6723
Email Address Recruit@osc.ny.gov
Address
Street Office of Human Resources
110 State Street, 12th Floor
City Albany
State NY
Zip Code 12236
Notes on Applying Submit a clear, concise cover letter and resume stating how you meet the above minimum qualifications to recruit@osc.ny.gov, no later than August 22, 2024. Documents must be sent as unlocked and accessible attachments.
Reference Item #07060-OER- DJH in the subject line of your email and on the cover letter for proper routing.
If you have questions about this vacancy, please contact this Division representative:
Division contact: Katrina Connelly, kconnelly@osc.ny.gov
When responding, please include the reference number and letters listed in this section only. The OER ID # should not be included.
Be sure to submit an unofficial copy of any transcripts you may have with your cover letter and resume, as there are educational requirements for this position.