Actuary Trainee — Hybrid, Pension Valuation Focus

NYSTRS; City of Albany (NY); Hybrid; USD 60,000 - 93,000; Full time

Benefits offered by this job

Hybrid work schedule

Job summary

NYSTRS in New York is seeking an Actuary Trainee/Assistant Actuary to join the Actuarial Department. The role supports valuation, GASB reporting, and other actuarial duties with opportunities to grow in a large public pension fund.

The position is part of NY HELPS and may start in a non-competitive appointment with eventual conversion. A bachelor’s degree with math/stat/actuarial coursework and one actuarial exam are required, plus strong MS Office skills and customer service focus.

Qualifications

• Bachelor's degree with 24 semester credit hours in mathematics, statistics, or actuarial science.
• Completion of one SOA/CAS exam within one year of appointment.
• Ability to use Word, Excel and PowerPoint effectively.

Responsibilities

• Participate in annual actuarial valuation using ProVal.
• Calculate annual actuarial gains/losses with ProVal.
• Analyze experience studies and GASB 67/68 materials.
• Prepare fiscal notes for plan design legislation.
• Assist in DoF annual filing preparation.
• Develop charts and graphs for the Annual Financial Report.
• Collaborate with auditors and system accountants on disclosures.
• Review actuarial assumptions roughly every five years.
• Prepare annuity values and option factors per statute.

Skills

Microsoft Word

Excel

PowerPoint

Education

Bachelor's degree with 24 credits in mathematics/statistics/actuarial science

Tools

ProVal

Job description

NYSTRS in New York is seeking an Actuary Trainee/Assistant Actuary to join the Actuarial Department. The role supports valuation, GASB reporting, and other actuarial duties with opportunities to grow in a large public pension fund.

The position is part of NY HELPS and may start in a non-competitive appointment with eventual conversion. A bachelor’s degree with math/stat/actuarial coursework and one actuarial exam are required, plus strong MS Office skills and customer service focus.