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. Duties include, but are not limited to, the following:
• Evaluates the liability for outstanding losses and loss adjustment expense reserves of companies writing property and casualty lines of insurance;
• Tests insurer reserving practices to ascertain that projections of future rate needs are based on appropriate loss reserve estimates; develops reasonable standards for rating plans;
• Integrates actuarial findings with examination reports;
• Interprets the rate level effects of various legislative proposals;
• Provides advice on actuarial issues such as risk transfer, cash flow, and discounting;
• Represents the agency on matters involving property and casualty loss and loss expense reserves;
• Coordinates policy with others through the National Association of Insurance Commissioners (NAIC);
• Supervises a staff of lower-level actuaries and consultants by assigning and reviewing work, and evaluating performance;
• Ensures actuarial soundness of all rating plans offered to policyholders;
• Leads the actuarial ratemaking process;
• Conducts internal rate reviews and analyzes impact of industry loss cost filings;
• Estimates pricing parameters;
• Performs segment profitability analysis to identify trends;
• Provides actuarial guidance in support of predictive modeling;
• Estimates accrual entries for financial statement reporting;
• Prepares various measures of capital adequacy for review by senior management; and
• Testifies before State and federal governmental bodies as an expert on actuarial issues.
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 five examinations of the Casualty Actuarial Society; AND
• Five years of actuarial experience in one or more of the following activities:
• actuarial or statistical work for operating units or management;
• governmental regulatory actuarial functions; OR
• 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 Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: $127,507 - $160,911
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 $4,000 annual downstate adjustment.
Appointment Status: Permanent & Contingent Permanent
Some positions may require additional credentials or a background check to verify your identity.
Name Christopher Barr
Telephone
Email Address
[email protected] AddressStreet One Commerce Plaza
Suite 301
City Albany
State NY
Zip Code 12257
Notes on Applying To Apply: Interested qualified candidates must submit a resume, letter of interest and an unofficial copy of their transcripts including undergraduate, SOA, and/or CAS no later than June 30, 2026 to the email address listed below. Please include the Box # (Box SUPACTCAS26) 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.
Christopher Barr
Box SUPACTCAS26
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email:
[email protected]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
