Director of Actuary

Job Description

Job Description

Specifics
Minimum Qualifications:
Education/Experience
 Associate or Fellow of Casualty Actuarial Society (ACAS, FCAS)
 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

Technical/Functional Skills:-

 Advanced understanding of current technical and statistical methods, tools, and
techniques
 Model-building, predictive analytics and AI experience
 Knowledge and understanding of current and emerging statistical and AI methods,
trends and technologies
 Experience managing, manipulating and extracting key insights from raw data, both
structured and unstructured
 Familiarity with external data providers and sources
 Ability to guide business partners through complex situations through interpretation of
model results
 Excellent communication, strategic and critical thinking skills
 Self-starter with a commitment to adhere to and implement best practices
 Team player with ability to build partnerships with staff and senior leadership
Preferred Qualifications:
 Strong managerial skills, team building, and organizational skills;
 Advanced degree in mathematical, statistical or AI-related fields;
 Membership in the American Academy of Actuaries (MAAA).

Duties Description:
The Director of Actuarial Models will be responsible for creating, staffing and leading a new
team within the NYSIF Actuarial Department.
Responsibilities may include but will not be limited to:
 Development of solutions to strategic business challenges through advanced modeling,
including machine learning and other AI-type of models.
 Coordinate, consolidate and oversee the review and enhancements of existing actuarial
models, both statistical and AI in nature.
 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 Modeling 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, data
science and AI techniques consistent with NYSIF and New York State AI policies.
 Implementing best practices and repeatable processes that ensure consistent, quality
delivery of modeling work from the team.
 Participate in the internal review of AI-type of models and their compliance with both
New York State and NYSIF AI policies.
 Perform all work in conformance with Actuarial Standards of Practice.