Actuary jobs in New York

Actuary conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Being an Actuary develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Typically requires a bachelor's degree. Additionally, Actuary typically reports to a supervisor or manager. The Actuary works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Actuary
  • Assured Guaranty
  • New York, NY FULL_TIME
  • Position Summary

    This position is for a nontraditional actuarial role in a line of insurance business that sits at the intersection of insurance, banking and investments. The individual will be a contributor to a small team responsible for setting loss reserves on insurance exposures and performing valuation work for the Company’s difficult to value investment and derivative contracts. The individual will also perform regulatory and compliance tasks for actuarial and analytical reporting requirements in the Company’s various jurisdictions. The position involves frequent opportunities to work with other company functions, such as Risk Management, Surveillance, Accounting and Loss Mitigation. This role will require the ability to effectively communicate work processes and results to internal and external stakeholders as well as members of senior management.

    Position Description

    Loss Reserving Process:

    • Review, update, create and summarize internal and external loss models for the Company’s expected losses and recoveries
    • Prepare supporting material on reserves and loss experience, communicate results to senior management and company directors, assist Accounting with booking and documenting reserves and valuations

    Valuation Processes

    • Assist with running the company’s mark to market model and process for difficult to value derivative contracts
    • Assist with the company’s investment valuation process

    Regulatory and Compliance

    • Prepare regulatory documents including actuarial opinions (and supporting documents), Solvency II workpapers and statutory filings
    • Produce documentation for and respond to queries from regulators and auditors

    Other Functions

    • Participate in the company’s Loss Mitigation process by performing analyses and providing support for negotiations
    • Produce underwriting analyses and profitability studies
    • Provide model review and analytical support to various company functions
    • Candidate Background
    • FCAS or near FCAS (or equivalent in other actuarial societies)
    • Experience working in an actuarial or analytical role at a (re)insurance company, consultancy or audit firm
    • Proficient in Microsoft Excel, particularly with creating and reviewing loss models
    • Ability to discuss and explain complex insurance and/or financial products to various audiences
    • Experience interacting and building solid networks within an organization
    • Proven ability to manage multiple workstreams and learn new topics independently
    • Basic knowledge of one or more programming languages as well as experience using financial software or tools (e.g., Bloomberg, Intex) a plus
    • Knowledge and acumen with securities markets, public and structured finance and/or credit a plus

    Compensation

    Annual base salary for the position is expected to be from $150,000 per year to $250,000 per year. The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions. This position also provides applicable employee benefits, as well as eligibility for an annual discretionary bonus.

  • 1 Day Ago

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Actuary
  • US Defense Contract Management Agency
  • Garden, NY FULL_TIME
  • Duties Reviews special actuarial studies of employee benefit programs submitted by defense contractors. Plans, initiates, and conducts actuarial evaluation of contractor proposals for pensions, post-r...
  • 1 Month Ago

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Actuary
  • Axis Capital
  • New York, NY FULL_TIME
  • This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and s...
  • 1 Month Ago

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Actuary
  • AXIS
  • New York, NY FULL_TIME
  • This is your opportunity to join AXIS Capital a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and sup...
  • 1 Month Ago

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Associate actuary
  • Axis Capital
  • New York, NY FULL_TIME
  • This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and s...
  • 19 Days Ago

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Actuary Analyst
  • MidAtlantic Employers' Association
  • New York, NY FULL_TIME
  • Job Description: Actuary Analyst Do you have what it takes to keep up with one of the fastest-growing companies in America? If you work hard, play hard and your tail’s always wagging, there may be a p...
  • 1 Day Ago

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Actuarial Manager
  • Genworth
  • Raleigh, NC
  • At Enact Mortgage Insurance (Nasdaq: ACT), we understand that there’s no place like home. That’s why we bring our deep e...
  • 3/29/2024 12:00:00 AM

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Intern - Actuarial
  • Sanford Health
  • Sioux Falls, SD
  • Create Your Career With Us! Sanford Health is one of the largest and fastest-growing not-for-profit health systems in th...
  • 3/29/2024 12:00:00 AM

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Actuary
  • Amtex Systems Inc.
  • Atlanta, GA
  • Role – Actuary – 3 Roles Location – ON site preferred, open to remote. Length 9 months Scope: Coordinates, prepares, and...
  • 3/28/2024 12:00:00 AM

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Actuary
  • USAA
  • Colorado Springs, CO
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/28/2024 12:00:00 AM

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Actuary
  • Vaco
  • San Antonio, TX
  • Vaco has an invaluable opportunity for individuals with a passion for data science and interest in the insurance industr...
  • 3/27/2024 12:00:00 AM

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ACTUARY
  • PRI Technology
  • Whitehouse Station, NJ
  • Job Description Job Description ACTUARY My name is Bill Stevens and I have a new twelve month plus Actuary opportunity a...
  • 3/26/2024 12:00:00 AM

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Actuary
  • USAA
  • Phoenix, AZ
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/26/2024 12:00:00 AM

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Actuary
  • USAA
  • San Antonio, TX
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/25/2024 12:00:00 AM

New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean. In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$76,389 to $97,453

Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019