Assistant Director of Actuary Position Available In Albany, New York

Assistant Director of Actuary Teachers’ Retirement System – 4.0 Albany, NY Job Details Full-time $160,786 – $180,965 a year 16 hours ago Qualifications ASA Mathematics Bachelor’s degree Organizational skills Senior level Communication skills FSA Actuarial Science Full Job Description The duties that the incumbent of the vacancy will be expected to perform. Duties Description The duties of the Assistant Director of Actuary include, but are not limited to, the following: Manages assigned projects including managing deadlines, assigning work to the staff, checking work, and preparing some of the work personally, as neededFacilitates the delivery of this work to the Chief Actuary and Actuarial Directors and to other departments within the SystemActs as a resource for other departments at the System including working with legal, Member Relations, audit, risk, investments and financeWorks on the annual actuarial valuation of System data, assets and liabilities leading to the development of the employer contribution rate, using the System’s valuation software (ProVal)Works on the System’s annual actuarial gain/loss using the System’s valuation software (ProVal)Checks annual experience studies used to gauge the effectiveness of actuarial assumptionsWorks on the development of revised actuarial assumptions as neededChecks calculations needed for compliance with GASB 67 and GASB 68Checks fiscal notes for proposed plan design legislation affecting the SystemContributes to the preparation of the New York State Dept. of Financial Services annual filingCoordinates the development of information, charts, and graphs for the Actuarial and Statistical section of the System’s Annual Financial ReportWorks with outside auditors and system accountants on preparation of the System’s annual financial statements, including preparation of actuarial and funding disclosuresPrepares data as needed to respond to requests for information The minimum qualifications required for this vacancy. Minimum Qualifications Bachelor’s degree in mathematics, Actuarial Science, or a related field; ANDActuarial Certifications (one required): Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA)Enrolled Actuary (EA); ANDRelevant Experience (both required): At least eight years of pension actuarial experience, preferably public plan experienceAt least two years of experience managing staff Additional comments regarding the vacancy. Additional Comments Position SummaryThe Assistant Director manages projects and staff in the Office of the Actuary at New York State Teachers’ Retirement System (NYSTRS), one of the 10-largest public pension funds in the nation. The focus of the actuarial team is to maintain a secure, stable pension for the members of NYSTRS through its annual preparation of the actuarial valuation and employer contribution rate. The Assistant Director will manage projects, check work and lead difficult projects while working with a highly collaborative team. Given the size of the plan, the position allows for a wide range of actuarial opportunities and skill growth within an organization that supports a healthy work-life balance.

Preferred QualificationsAbility to apply critical thinking skills to complex multi-faceted problems and apply solutionsAbility to build good working relationships across all levels of an organizationExcellent oral and written communication skillsOrganize and prioritize work in a dynamic and complex environment to meet deadlinesAbility to both see the big picture and understand the details effectivelyEffectively lead co-workers in a collaborative manner to complete projectsCommunicate technical information effectively to a wide variety of audiencesExperience with pension valuation programmingExperience with interpreting and applying laws, rules, and regulationsCommitment to providing exceptional customer service Some positions may require additional credentials or a background check to verify your identity.