New York State Workers' Compensation Board · 10 hours ago
Financial Analyst 3 (WC), WCB Item #4367
Schenectady, NY
Full-time
Hybrid
Entry, Mid Level
1+ years expThe New York State Workers' Compensation Board is seeking a Financial Analyst 3 to supervise staff within the Office of Self-Insurance Financial Unit and provide guidance on complex financial issues. The role involves monitoring the financial status of self-insured entities, overseeing contracts related to actuarial services, and collaborating with other units to ensure efficiency.
GovernmentLegalNon ProfitOffice Administration
Responsibilities
Supervise staff within the Office of Self-Insurance Financial Unit, perform all supervisory responsibilities and ensure appropriate training and development of all staff
Provide guidance on complex financial issues, including financial review of all self-insured entities and review of actuarial reports used to determine security deposits for self-insured groups, and employers
Work with active and inactive Group Trusts to ensure continued coverage of all liability and where appropriate assist Groups in execution of Assumption of Liability Policies (ALPs), approve Liquidation Plans and ensure all other requirements for wind-down are met
Monitor financial status of all self-insured entities including review of monthly cash flow reports, desk audits, bank statements, credit ratings and other financial information as appropriate
Determine projected annual need for defaulted self-insured employer claims for inclusion in the 50-5 self-insurance assessment
Oversee administration of the Board's contracts related to actuarial services and forensic accounting, and any other services that may become necessary to procure
Work collaboratively with the Self-Insurance Program Unit to ensure efficiency and cross-training
Correspond with external stakeholders and internal Units at the Board
Assist with other tasks and special projects as assigned
Qualification
Required
Candidates must have one year permanent or 55 b/c service in a title designated as appropriate for transfer in accordance with 52.6 of the Civil Service Law
If the number of eligible interested candidates is three or less, the agency, at its discretion, may nominate a candidate for a non-competitive promotion under the provisions of Section 52.7 of the Civil Service Law
In order to be eligible for an NCP, candidates must be a qualified employee of the Workers' Compensation Board (WCB) and have had one year of permanent competitive or 55-b/55-c service as a Financial Analyst 2 (WC)
Benefits
Holiday & Paid Time Off
Health Care Benefits
Public Service Loan Forgiveness (PSLF).
Enrollment in the New York State pension system which has earned the distinction of being one of the best-managed and best-funded plans in the nation OR Optional Retirement Defined Contribution Plan with 8% salary match (eligibility requirements apply).
NYS Deferred Compensation and an exclusive 403(b) Optional Retirement Savings Plan.
Paid Parental Leave for all employees and Paid Family Leave (M/C Only).
Eligibility for various life insurance options.
Access to NY 529 and NY ABLE College Savings Program
Flexible Spending Program, which allows employees to set aside pre-tax payroll deductions for eligible health care and dependent care expenses.
Company
New York State Workers' Compensation Board
The NYS Workers’ Compensation Board is a state agency that oversees three types of insurance for workers: workers’ compensation, disability benefits, and Paid Family Leave.
501-1000 employees
Funding
Current Stage
Late StageRecent News
MarketScreener
2025-09-23
Central New York Business Journal
2025-04-16
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