Supervising Actuary Life, M-4

Duties

The New York Department of Financial Services seeks to build an equitable, more transparent and resilient financial system that benefits New Yorkers and supports business. Through engagement, data-driven regulation, and operational excellence, DFS is responsible for empowering consumers and protecting them from financial harm; ensuring the health and stability of the financial entities we regulate; and driving economic growth through responsible innovation.

DFS is seeking candidates of varying experience and skill levels for various actuarial positions in the Life and Health Bureaus. The Life and Health Bureaus are responsible for the supervision and regulation of the entire life and health insurance industries in New York State and does so by establishing standards for financial solvency, market conduct and corporate oversight and produces regulations, while monitoring the compliance of regulated entities with such standards.

• Oversees actuarial analysis of reserve valuations of domestic life insurance companies; accepts the valuation methods by domestic companies;
• Analyzes the actuarial implications of existing and proposed plans for agent compensation;
• Evaluates actuarial projections in connection with acquisitions, mergers, and tests of solvency;
• Determines proper reserve estimates for life insurance annuities, disability benefits, and accidental death benefits;
• Determines the effectiveness of regulations and proposes modifications;
• Drafts proposed regulations, legislation, and circular letters;
• Reviews reinsurance treaties for adherence to laws and regulations;
• Evaluates actuarial components of experience rating formulas of health insurance organizations;
• Reviews and critiques actuarial reports of continuing care retirement communities;
• Participates in field examinations of life and health insurance organizations, and fraternal benefit societies;
• Represents the agency on task forces and at NAIC meetings;
• Reviews the most difficult premium rating policy forms to determine that premiums comply with rules, guidelines, and regulations;
• Supervises a staff of lower-level actuaries.

Minimum Qualifications

• A bachelor's degree or higher;
• Successful completion of the Society of Actuaries examinations MLC, MFE, and four additional examinations OR be an Enrolled Actuary with successful completion of the Society of Actuaries examinations MLC, MFE, and three additional examinations;
• Five 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;
• governmental or private pension actuarial functions;
• performing actuarial computations for reserves, premium rates, and/or policy forms.

Additional Comments

Please note that a change in negotiating unit may affect your salary, insurance and other benefits.

Salary: $127,507 - $160,911

Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $4,000 annual downstate adjustment.

Appointment Status: Permanent & Contingent

Some positions may require additional credentials or a background check to verify your identity.

Email Address: human-resources@dfs.ny.gov

Address: Suite 301

Notes on Applying: Interested qualified candidates must submit a resume, letter of interest and an unofficial copy of their transcripts including undergraduate, SOA, and/or CAS no later than December 16, 2026 to the email address listed below. Please include the Box # (Box SUPACTLFE) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Please be advised that the New York State Department of Financial Services does not offer sponsorship for employment visas.

Christopher Barr
Box SUPACTLFE
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: human-resources@dfs.ny.gov
Fax: (518) 402-5071