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The New York Compensation Insurance Rating Board (NYCIRB) is a non-profit, unincorporated association of insurance carriers. NYCIRB is licensed by the New York State Department of Financial Services as the official workers’ compensation rate service organization in the State. In this capacity, NYCIRB provides a variety of services to the workers’ compensation industry, including data collection and analysis, and the development of loss costs and rating values. These activities, along with analytical tools, research, and customer focused services, are intended to foster a stable and healthy workers’ compensation system in the State of New York.
The Actuarial Analyst is responsible for supporting research projects by extracting data, identifying and analyzing data anomalies, and creating exhibits to support various analyses. The analyst will also work to resolve any discovered data anomalies with data team personnel and handle complicated telephone, email, and written inquiries from customers/carriers as necessary. Analysis will involve critical thinking and problem solving, resulting in the production of clearly labeled output and well documented conclusions. Further, the Actuarial Analyst will assist senior staff as required in analyzing legislative proposals, as well as assisting in the training of other staff members, as needed.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
QUALIFICATIONS:
EDUCATION REQUIREMENTS:
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
The physical demands described in this section are to be representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.
The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and revised to meet NYCIRB’s changing needs, at the sole discretion of management.
SALLARY RANGE:
Full Time
$85k-106k (estimate)
02/19/2023
09/06/2023
The following is the career advancement route for Actuarial Analyst positions, which can be used as a reference in future career path planning. As an Actuarial Analyst, it can be promoted into senior positions as an Actuary IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Actuarial Analyst. You can explore the career advancement for an Actuarial Analyst below and select your interested title to get hiring information.
If you are interested in becoming an Actuarial Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Actuarial Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Actuarial Analyst job description and responsibilities
Analysts are often also responsible for the monthly, quarterly, and annual reporting processes that need to be completed by the actuarial departments.
04/12/2022: Ogden, UT
They use statistical models to analyze data and assess risk.
01/23/2022: Chico, CA
They teach math concepts that are very specific to the actuarial field.
03/28/2022: Elyria, OH
Actuarial analysts use advanced statistics and modeling to understand data and assist actuaries.
04/08/2022: Provo, UT
Actuarial Analysts use statistics and mathematics to predict financial risks for companies.
03/11/2022: Austin, TX
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Actuarial Analyst jobs
Many actuaries earn an actuarial science degree, but some pursue other analytical majors, such as mathematics or statistics.
02/01/2022: Abilene, TX
Entry-level positions for Risk Analysts typically require.
02/17/2022: Mobile, AL
The best actuarial science schools are ones that have a good reputation, has accreditation, and has a large percentage of graduates finding employment after earning their degree.
01/26/2022: Rochester, MN
To earn the Associate of the Society of Actuaries designation, students must pass a specialized series of actuarial science exams.
04/03/2022: Huntsville, AL
Pass at least one actuarial exam.
02/04/2022: Los Angeles, CA
Step 3: View the best colleges and universities for Actuarial Analyst.