Director of Workers’ Compensation Actuarial Analytics

Director of Workers’ Compensation Actuarial Analytics

NYSIF (Actuary - Albany or New York City)

Salary: $145,000 - $180,000

Description:

The Director of WC Actuarial Analytics will be responsible for overseeing all workers’ compensation analytic activities of the WC Fund. Responsibilities may include but will not be limited to:

• Development of solutions to strategic business challenges through advanced modeling and analytical techniques, especially those related to developing actionable insights and data driven decisions.
• Partnering with leaders across the organization to develop strategies for the exploration and use of analytics to drive improvements in pricing, underwriting, risk management and claims.
• 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 Analytics 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.
• Implementing best practices and repeatable processes that ensure consistent, quality delivery of modeling and analytics work from the team.
• Working with other teams to implement a data management strategy to support the continued evolution of state-of-the-art analytics work.
• Must be able to drive, manage and influence change.
• Perform all work in conformance with Actuarial Standards of Practice.

• Advanced understanding of current technical and statistical methods, tools and techniques
• Model-building and predictive analytics experience strongly preferred
• Team player with ability to build partnerships with staff and senior leadership
• Experience managing, manipulating and extracting key insights from raw data, both structured and unstructured
• Ability to guide business partners through complex situations using data and analytics
• Excellent communication, strategic and critical thinking skills
• Self-starter with a commitment to adhere to and implement best practices
• Knowledge and understanding of current and emerging statistical methods, trends, and technologies related to predictive analytics and worker’s compensation
• Familiarity with external data providers and sources

Basic Qualifications:

• Associate or Fellow of Casualty Actuarial Society (ACAS, FCAS) and attained Membership in the American Academy of Actuaries (MAAA)*; 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.

*A PhD may be substituted for the actuarial credentials.

Preferred Qualifications:

• Strong managerial skills, team building, and organizational skills; Experience with change management and leading process improvements.

Primary Location: Albany or New York City

Travel: Minimal if located in NYC. Must be willing to travel to NYC on a periodic basis if home office location is Albany.

Schedule: Full-Time

To Apply: Please email resume and cover letter to hrexec@nysif.com.

Please note the following New York State Civil Service employment information:

• Jurisdictional classification: Exempt Bargaining unit: Management/Confidential (M/C) Civil Service title: Chief Actuary

The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.

NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.

In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.