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Actuary Principal Casualty 

resume-library  |  United States  |  

United StatesUnited States (US)
Banking & Insurance/Insurance
Work Type:
Work Time:
Full Time


Actuary Principal Casualty

The Principal Actuary Casualty will report to the Supervising Actuary or other high-level actuarial staff and will be responsible for performing the following duties which may include but will not be limited to:

Overseeing production of actuarial and accounting exhibits supporting roughly 50 of the approximately 100 Safety Groups administered and underwritten by the company.

Manage a team of actuarial staff supporting a defined number of safety groups, clarify job responsibilities and performance expectations, establish goals and job competencies, identify skill gaps, create development plans, coach and mentor on a continuous basis and provide performance evaluations.

Design, implement, and oversee a continuous process of monitoring pricing, reserve and contingent balance levels for designated safety groups.

Work with underwriting and senior management to develop sound models and standards for the declaration of dividends to individual safety groups.

Incorporate the effects of the latest industry loss cost filings into pricing, reserve, dividend and contingent balance projects for individual safety groups;

Assist in the evaluation of pricing levels, administrative charges and excess insurance charges for designated safety groups;

Advise and assist business partners with actuarial and mathematical techniques and complete analytical assignment to support business decision making;

Perform all work in accordance with Actuarial Standards of Practice as promulgated by the Actuarial Standards Board;

Remain current with respect to new approaches and methods utilized in ratemaking and reserving;

Provide support to external safety groups and their respective managers to assist in the management of each group.

Basic Qualifications

Reachable on current Civil Service list for this title; one year of permanent, competitive class service as a Principal Actuary Casualty; or, one year of permanent, competitive class service in a title eligible for transfer under Section 52.6 of the Civil Service Law.

A bachelor's degree or higher

Successful completion of four examinations of the Casualty Actuarial Society

Four 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.

As this title is filled by Continuous Recruitment examination, candidates who meet the requirements listed above must complete a NYS-application form to apply for list eligibility. Please visit the Department of Civil Service website here for more information on how to apply.

Preferred qualifications include being at least an Associate of the Casualty Actuarial Society (ACAS) and/or a member of the American Academy of Actuaries (MAAA).

This is a full-time direct hire opportunity offering a competitive salary and comprehensive benefits.