Actuary Trainee/Assistant Actuary

Teachers' Retirement System; City of Albany (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

New York State Teachers' Retirement System is seeking an Actuary Trainee/Assistant Actuary to join its Actuarial Department in Albany. The role involves participating in annual actuarial valuations, analyzing experience studies, calculating gains and losses, and preparing GASB-compliant materials.

Candidates should have a bachelor's degree with 24 credit hours in math/stats/actuarial science, and pass at least one SOA/CAS exam.

Qualifications

• Bachelor's degree with 24 semester credit hours in mathematics, statistics, or actuarial science.
• For Actuary Trainee: successful completion of one SOA/CAS examination during one-year traineeship.
• For Assistant Actuary: successful completion of one SOA/CAS examination.
• Working knowledge of Microsoft Word, Excel, and PowerPoint.
• Experience with pension valuation programming, ideally ProVal.

Responsibilities

• Participate in annual actuarial valuations.
• Calculate actuarial gains and losses.
• Analyze experience studies and trends.
• Prepare GASB-compliant materials for reporting.

Education

Bachelor's degree with 24 semester credit hours in mathematics, statistics, or actuarial science

Tools

Microsoft Word

Excel

PowerPoint

ProVal

Job description

The Actuary Trainee/Assistant Actuary is a member of the Actuarial Department at the New York State Teachers' Retirement System, one of the nation's ten largest public pension funds. The role involves participating in annual actuarial valuations, calculating actuarial gains and losses, analyzing experience studies, and preparing compliance materials for GASB standards. The position offers diverse actuarial opportunities and skill growth within a collaborative team that supports work-life balance.

Key qualifications:

• Bachelor's degree with 24 semester credit hours in mathematics, statistics, or actuarial science
• For Actuary Trainee: successful completion of one Society of Actuaries or Casualty Actuarial Society examination during one-year traineeship
• For Assistant Actuary: successful completion of one Society of Actuaries or Casualty Actuarial Society examination
• Working knowledge of Microsoft Word, Excel, and PowerPoint
• Experience with pension valuation programming, ideally ProVal