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New York State Insurance Fund (NYSIF) · 1 day ago

Director of Actuarial Models

New York, NY

Full-time

Hybrid

Senior Level, Lead/Staff

$183K/yr - $203K/yr

10+ years exp

New York State Insurance Fund (NYSIF) is seeking a Director of Actuarial Models to create and lead a new team within their Actuarial Department. This role involves developing advanced modeling solutions to address strategic business challenges and overseeing the management and development of the Modeling team.

ConsultingFinancial ServicesInsurance

No H1B

Responsibilities

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

Qualification

ACASFCASActuarial experienceModel-buildingPredictive analyticsStatistical methodsAI experienceData manipulationManagerial skillsCommunicationStrategic thinkingTeam playerSelf-starterOrganizational skills

Required

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

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