Actuary Intern

NYSTRS; City of Albany (NY); Hybrid; USD 27,000 - 39,000; Part time

Job summary

NYSTRS is seeking an Actuary Intern to support the actuarial team with data reconciliation, reporting, and analysis. The role offers exposure to statutory valuations, option factor calculations, and collaborative work with auditors within a supportive environment.

Applicants must be enrolled in a full-time mathematics, statistics, or actuarial science program. The position is hybrid, with responsibilities spanning the Annual Financial Report and board meeting preparations.

Qualifications

• Enrolled full-time in a bachelor’s or master’s program in mathematics, statistics, or actuarial science with at least one semester remaining.
• Pursuing degree in a quantitative field with expected graduation after internship.
• Strong customer service and communication abilities.

Responsibilities

• Assist in the annual actuarial reconciliation process.
• Draft information, charts, and graphs for the Actuarial and Statistical sections of the Annual Financial Report.
• Collaborate with outside auditors and System accountants to prepare the Report.
• Prepare actuarial annuity values and option factors as required by statute.
• Contribute actuarial information for the July board meeting.

Skills

Customer service

Communication skills

Interpersonal skills

Actuarial exam

Education

Math or Statistics degree

Tools

Microsoft Access

Microsoft Excel

Microsoft Word

Job description

All postings will close at 12:01am EST on the date indicated under posting end date. Note: Sponsorship is not available for this position. Applicants must hold unrestricted work authorization. NYSTRS is unable to sponsor or assume sponsorship of an employment visa for this position now or in the future.

Position Summary

The Actuary Intern will be deeply involved in all aspects of the actuarial job duties listed below and work with a highly collaborative team. Given the size of the plan, the position allows for a wide range of actuarial opportunities and skill growth within an organization that supports a healthy work-life balance.

Minimum Qualifications

Candidates must be currently enrolled in a full-time bachelor’s or master’s degree program in mathematics, statistics, or actual science with at least one semester remaining to complete all degree requirements following the internship.

Preferred Qualifications

• Commitment to providing exceptional customer service
• Excellent communication skills
• Excellent interpersonal skills
• Passed at least 1 actuarial exam
• Experience using Microsoft Office products including Access, Excel and Word

Work Modality

Currently we have a hybrid work schedule which may be subject to change in the future.

Job Duties

• Participate in the annual actuarial reconciliation process of the System data.
• Draft the information, charts, and graphs for the Actuarial and Statistical sections of the System’s Annual Financial Report
• Work with outside auditors and System accountants to prepare the System’s Annual Financial Report
• Prepare actuarial annuity values and option factors in accordance with statue, including the computation of option factors for alternative options and domestic relation orders
• Prepare actuarial information of the July board meeting

Salary Grade

Salary Grade This is a non-graded position Salary Range $24.00 per hour Job Type Temporary

Equal Opportunity Statement

At NYSTRS, diversity, equity, and inclusion are integral to our mission of providing our members with a secure pension and exceptional customer service. We are committed to fostering an inclusive and equitable culture where all diversity is valued and recognized as a source of strength and enrichment across all operations. NYSTRS is proud to provide equal opportunities to all employees and qualified applicants without regard to race, color, religion, creed, sex, gender expression or identity, national origin, age, ability and disability status, veteran status, marital status, pregnancy status, sexual orientation, citizenship or any other legally protected class. We are committed to being a workplace that attracts, supports, and retains talented individuals from diverse backgrounds and experiences while championing equal opportunity across recruitment, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Company Overview

Established in 1921 by the New York State Legislature, the New York State Teachers’ Retirement System (NYSTRS) provides retirement, disability and death benefits to eligible New York State public school teachers and administrators. The System is among the 10-largest public pension funds in the nation based on total assets. Our Mission: To provide our members with a secure pension. Our Vision: To be the model for pension fund excellence and exceptional customer service. Our Values: Respect, Excellence, Diversity, Balance, Integrity, Resourcefulness, Diligence