Assistant Director of Actuary Position Available In Albany, New York

Basics Schedule Location Job Specifics How to Apply Indicates whether if this vacancy posting is part of the

NY HELPS

Program. NY HELP No The agency in which the vacancy exists. Agency Teachers’ Retirement System The job title for the vacancy. Title Assistant Director of Actuary The job title for the vacancy. Occupational Category Other Professional Careers The salary grade for this vacancy. Salaries are determined by salary grade and bargaining unit. Salary Grade NS The collective bargaining unit to which this vacancy is assigned. Bargaining Unit M/C – Managerial/Confidential (Unrepresented) The minimum and maximum of the salary range for this vacancy. Salary Range From $160786 to $180965 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 Unclassified Service Estimates the percentage of time incumbents of this vacancy will be required to travel. Travel Percentage 0% 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 8 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 4 PM If checked, the agency allows flextime. Flextime allowed? Yes 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 Albany The street address where the vacancy is located. Street Address 10 Corporate Woods Drive The city where the vacancy is located. City Albany The state where the vacancy is located (the default is New York). State NY The zip code where the vacancy is located. Zip Code 12211 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 needed Facilitates the delivery of this work to the Chief Actuary and Actuarial Directors and to other departments within the System Acts as a resource for other departments at the System including working with legal, Member Relations, audit, risk, investments and finance Works 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 assumptions Works on the development of revised actuarial assumptions as needed Checks calculations needed for compliance with GASB 67 and GASB 68 Checks fiscal notes for proposed plan design legislation affecting the System Contributes to the preparation of the New York State Dept. of Financial Services annual filing Coordinates the development of information, charts, and graphs for the Actuarial and Statistical section of the System’s Annual Financial Report Works with outside auditors and system accountants on preparation of the System’s annual financial statements, including preparation of actuarial and funding disclosures Prepares 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; AND Actuarial Certifications (one required): Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) Enrolled Actuary (EA); AND Relevant Experience (both required): At least eight years of pension actuarial experience, preferably public plan experience At least two years of experience managing staff Additional comments regarding the vacancy. Additional Comments Position Summary The 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 Qualifications Ability to apply critical thinking skills to complex multi-faceted problems and apply solutions Ability to build good working relationships across all levels of an organization Excellent oral and written communication skills Organize and prioritize work in a dynamic and complex environment to meet deadlines Ability to both see the big picture and understand the details effectively Effectively lead co-workers in a collaborative manner to complete projects Communicate technical information effectively to a wide variety of audiences Experience with pension valuation programming Experience with interpreting and applying laws, rules, and regulations Commitment to providing exceptional customer service Some positions may require additional credentials or a background check to verify your identity. The name of the contact person for this vacancy. Name Emily Seils The telephone number to use for questions about this vacancy. Telephone 518/447-2906 The fax to use for this vacancy. Fax Email address for emailing applications, or to ask questions about this vacancy. Email Address recruitment@nystrs.org Address The street address of the contact for this vacancy. Street 10 Corporate Woods Drive 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 12211 Instructions for potential applicants. Notes on Applying We do not accept resumes sent via email. Please visit our applicant portal and apply directly to the posting. You may locate the applicant portal by copying and pasting the following link into your browser: https://www.nystrs.org/careers/job-opportunities/.