Actuary - Nexus Staff : Job Details

Job Title: Statistical Assistant / Actuary

Employment Type: Contract

Work Hours: 37.5 hrs./week

Work site: 100% Onsite

Location: One Commerce Plaza, Albany, NY, 12257

Job Duration: 6 Months possible extension / convert to perm

Minimum Candidate Qualifications:

• Bachelor's degree including 24 semester credit hours in mathematics, statistics, or actuarial science; and
• Eligible to work in New York State

Job Description and Required Services:

• Assists in constructing actuarial tables by analyzing and presenting data.
• Assists in reviewing the actuarial basis of plans and calculates premiums; evaluates premium rates, reserves, and liabilities.
• Assists in reviewing methods used to value categories of policies, special benefits, or special liability terms.
• Assists in checking the mathematical accuracy of calculations.
• Participates in field examinations of one or more of the following: life insurance companies, fraternal benefit societies, health maintenance organizations (HMOs), commercial carriers, non-profits, and retirement systems.
• Assists in preparing valuation memoranda; assists in reviewing health insurer rate submissions and statistical compilations.
• reviews insurance company rate filings and reserve analysis for compliance with standards; maintains in-house databases.
• Reviews claims records and death and disability cases to establish proper estimates of eventual incurred losses.
• computes loss reserves for death and disability cases.
• Calculates the present values of workers' compensation cases and the amount payable to claimants.
• Calculates reserves for transfers, disability, and deferred allowances.
• Computes cost-of-living factors for supplemental pensions paid to annuitants.
• Checks computations for valuation and service retirement allowance
• Assists with special projects and research as needed.
• Performs other duties as assigned.

In addition, the candidate must possess and/or have the ability to:

• Work individually and as part of a team.
• Track and manage reporting projects without daily oversight.
• Excellent verbal communication, writing, and interpersonal skills.
• Strong project management skills, including experience managing multiple time-sensitive, complex projects simultaneously.
• Detail-oriented with the ability to organize and prioritize tasks effectively in a fast-paced environment.
• Proficiency with Microsoft 365, including working experience with Excel, WebEx, and Zoom.
• Manage varied tasks as assigned.

Miscellaneous Information:

• Shift Days/Times: Monday to Friday, 9:00 AM to 5:00 PM.
• Client does not provide parking, but the office is accessible by subway or bus.
• Interviews will be conducted Online or In-person based on the availability.
• Training will be provided.

The Nexus Staff Difference:

• Our outstanding healthcare coverage, including dental and vision, begins in just 30 days after you join us.
• We offer weekly payments via ACH (Automated Clearing House).
• Serving as Prime Vendors to New York State and New York City for over 10 years.

Nexus Staffing is committed to diversity, inclusion, and equal opportunity. We take affirmative steps to ensure that all programs and services are open to all Americans, free of discrimination based on protected class status, including race, religion/creed, color, sex (including pregnancy, childbirth, and related medical conditions), sexual orientation, gender identity, national origin (including limited English proficiency), age, political affiliation or belief, military or veteran status, disability, predisposing genetic characteristics, marital or family status, domestic violence victim status, arrest record or criminal conviction history, or any other impermissible basis.