Actuarial Analyst

The New York Compensation Insurance Rating Board (NYCIRB) is a non-profit, unincorporated association of insurance carriers. NYCIRB is licensed by the New York State Department of Financial Services as the official workers’ compensation rate service organization in the State. In this capacity, NYCIRB provides a variety of services to the workers’ compensation industry, including data collection and analysis, and the development of loss costs and rating values. These activities, along with analytical tools, research, and customer focused services, are intended to foster a stable and healthy workers’ compensation system in the State of New York.

The Actuarial Analyst will analyze various data sets and provide insights, including the identification, investigation and resolution of data anomalies and reporting discrepancies. This may involve communicating with insurance carriers for corrections and clarification and overseeing reporting edits.

The Actuarial Analyst will also prepare ratemaking and research related exhibits and presentations, improve efficiency of ratemaking procedures, support research projects by extracting and analyzing data, analyze pricing programs and cost changes, and handle complicated telephone, email and written inquires from customers/carriers. Further, the Actuarial Analyst will assist senior staff as required as well as assist in the training of junior staff members, as needed.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Preparation of ratemaking files and exhibits in NYCIRB filings
• Identifying and analyzing data anomalies and working with data personnel to resolve them
• Supporting research projects by extracting data, creating exhibits, and providing analysis of the results
• Helping advance actuarial methods employed by the department
• Handling technical phone, email and written inquiries from various parties
• Analyzing pricing program and changes in the system
• Assist senior staff as required to accomplish divisional goals
• Assist in the training of junior staff members, as needed
• Other duties as assigned and deemed necessary by management
  
  

QUALIFICATIONS:

• Some actuarial or workers’ compensation actuarial experience preferred
• Proficiency in Microsoft Excel and Word
• Familiarity with SAS or other programming languages preferred.
• Data and Statistics analysis skills are a must, as well as attention to detail
• Familiarity with Statistical Models
• Excellent written and oral communication skills
  
  

EDUCATION REQUIREMENTS:

• College graduate with major in mathematics, statistics or related field of study
• Completion of at least 2 Casualty Actuarial Society Examinations
  
  

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

The physical demands described in this section are to be representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

• Work requires mobility with frequent bending and standing
• Frequent use of arms for stretching and reaching and use of legs for walking and lifting. 80% - 90% of work hours are spent sitting down
• This job operates in an office and remote setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, fax machines, and the like
  
  

The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and revised to meet NYCIRB’s changing needs, at the sole discretion of management.

SALARY RANGE:

• $68,000 - $102,000
  
  

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