Review Vacancy
The date on which the vacancy post was submitted.Date Posted 01/03/25
The last date that applications will be accepted.Applications Due06/30/25
This is the unique identifier for this vacancy.Vacancy ID176702
Indicates whether if this vacancy posting is part of the NY HELPS Program.NY HELPYes
The agency in which the vacancy exists.AgencyFinancial Services, Department of
The job title for the vacancy.TitlePrincipal Actuary Casualty, SG-28
The job title for the vacancy.Occupational CategoryFinancial, Accounting, Auditing
The salary grade for this vacancy. Salaries are determined by salary grade and bargaining unit.Salary Grade28
The collective bargaining unit to which this vacancy is assigned.Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)
The minimum and maximum of the salary range for this vacancy.Salary RangeFrom $109250 to $134178 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
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
If checked, the agency allows flextime. Flextime allowed? No
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 To Be Determined
The street address where the vacancy is located. Street Address Albany - One Commerce Plaza
NYC - One State Street
The city where the vacancy is located. City Albany/NYC
The state where the vacancy is located (the default is New York). StateNY
The zip code where the vacancy is located. Zip Code12257
The duties that the incumbent of the vacancy will be expected to perform. Duties Description The New York Department of Financial Services seeks to build an equitable, more transparent and resilient financial system that benefits New Yorkers and supports business. Through engagement, data-driven regulation, and operational excellence, DFS is responsible for empowering consumers and protecting them from financial harm; ensuring the health and stability of the financial entities we regulate; and driving economic growth through responsible innovation.
DFS is seeking candidates of varying experience and skill levels for various actuarial positions in the Property Bureau. The Property Bureau is responsible for the supervision and regulation of the property and casualty insurance industry in New York State and does so by establishing standards for financial solvency, market conduct and corporate oversight and produces regulations, while monitoring the compliance of regulated entities with such standards.
As an Actuary in the NYS Department of Financial Services, you will supervise, review, or assist in the review of actuarial issues related to pricing, solvency, and market conduct of casualty insurers conducting business in New York State. Specific duties vary by title and are available through the attached links.
The minimum qualifications required for this vacancy. Minimum Qualifications Appointment method:
Minimum Qualifications: On or before the date of filing your application, you must have all of the following:
? A bachelor's degree or higher; AND
? Successful completion of four examinations of the Casualty Actuarial Society; AND
? Four years of actuarial experience in one or more of the following activities:
1. actuarial or statistical work for operating units or management;
2. governmental regulatory actuarial functions; OR
3. performing actuarial computations for reserves, premium rates, and/or policy forms
NY HELPS: This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS).
For the duration of the NY HELPS Program, this title maybe filled via a non-competitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply (see minimum qualifications above). At this time, agencies may recruit and hire employees by making permanent non-competitive appointments.
At a future date (within one year of permanent appointment), it is expected employees hired under NY HELPS will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in a NY HELPS title, employees may take part in any promotion examination for which they are qualified.
Transfer: Candidates must have one year of permanent competitive service in a title eligible for transfer via Section 70.1 or 52.6 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/.
Please Note that under Civil Service Law, an employee cannot have two consecutive upward 70.1 or 52.6 transfers without an intervening eligible list appointment if such transfers would exceed two salary grades.
Additional comments regarding the vacancy. Additional Comments Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: $109,250 – $134,178
Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $3,400 annual downstate adjustment.
Appointment Status: Permanent & Contingent Permanent
Please be advised that the New York State Department of Financial Services does not offer sponsorship for employment visas.
Some positions may require additional credentials or a background check to verify your identity.
The name of the contact person for this vacancy. Name Tidiane Conde
The telephone number to use for questions about this vacancy. Telephone
The fax to use for this vacancy. Fax (518) 402-5071
Email address for emailing applications, or to ask questions about this vacancy. Email Address human-resources@dfs.ny.gov
Address
The street address of the contact for this vacancy. Street One Commerce Plaza
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 12257
Instructions for potential applicants.Notes on ApplyingTo Apply: Interested qualified candidates must submit a resume and letter of interest no later than June 30, 2025 to the email address listed below. Please include the Box # (Box PRACTCAS23) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.
Please be advised that the New York State Department of Financial Services does not offer sponsorship for employment visas.
Tidiane Conde
Box PRACTCAS23
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: human-resources@dfs.ny.gov
Fax: (518) 402-5071
All candidates that apply may not be scheduled for an interview
Public Service Loan Forgiveness
Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF). This program forgives the remaining balance on any Direct Student Loans after you have made 120 qualifying monthly payments while working full-time for a U.S. federal, state, local, or tribal government or not-for-profit organization. To learn more about the program and whether you would qualify, please visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service
AMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONS
Under the Americans with Disabilities Act (ADA), the Department of Financial Services is required to provide reasonable accommodation for known physical or mental limitations of an otherwise qualified applicant with a disability if an accommodation would enable the applicant to perform the essential functions of the job. If the accommodation would constitute an undue hardship on the operations of the agency, the agency is not required to provide it.
All people with disabilities are encouraged to apply to all jobs for which they meet the minimum qualifications.