Job Title : Chief Actuary, Director of Actuarial Models
Location : New York, NY
Work Schedule : Normal business hours Monday-Friday 37.5 hours / week
Job Type : Full-Time
Salary : $180,000 - $200,000 Yearly
Duties and Responsibilities :
The Director of Actuarial Models will be responsible for creating, staffing, and leading a new team within the NYSIF Actuarial Department.
Key Responsibilities include but are not limited to :
- Developing solutions to strategic business challenges through advanced modeling, including machine learning and AI techniques.
- Overseeing the review and enhancement of existing actuarial models, both statistical and AI-based.
- Leading and managing the modeling team, setting priorities, goals, and development plans to meet business objectives.
- Ensuring project deliverables are achieved and communicated effectively to stakeholders.
- Ensuring models are implemented with high internal buy-in and meet quality standards.
- Expanding analytical tools, methods, and integrating new data sources and AI techniques in line with policies.
- Implementing best practices and processes for consistent, high-quality modeling work.
- Participating in internal reviews of AI models for compliance with policies.
- Performing all work in accordance with Actuarial Standards of Practice.
Minimum Qualifications :
Education / Experience
- Associate or Fellow of Casualty Actuarial Society (ACAS, FCAS)
- Bachelor's degree in actuarial science, mathematics, statistics, or related field
- At least ten (10) years of actuarial experience, including managing or directing actuarial teams for a minimum of two (2) years
Technical / Functional Skills
- Strong understanding of current technical and statistical methods and tools
- Experience with model building, predictive analytics, and AI
- Knowledge of emerging statistical and AI trends and technologies
- Proficiency in managing and analyzing structured and unstructured data
- Familiarity with external data sources
- Ability to interpret complex model results and communicate insights effectively
- Excellent communication, strategic, and critical thinking skills
- Self-motivated with a commitment to best practices
- Team player capable of building partnerships across organizational levels
Preferred Qualifications :
- Strong managerial, team-building, and organizational skills
- Advanced degree in mathematical, statistical, or AI-related fields
- Membership in the American Academy of Actuaries (MAAA)
Fringe Benefits :
- Competitive salary and benefits package
- Opportunities for career growth
- Supportive, team-based environment
- Generous vacation, personal, and sick leave
- Paid holidays
- Full medical, vision, and dental coverage
- Retirement options
- Public Student Loan Forgiveness (PSLF)
- Flexible work arrangements including telecommuting and flextime
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