New York State Insurance Fund (NYSIF)
Tayeb Sherif is a seasoned finance professional with extensive experience in treasury management and financial operations. Currently serving as Treasurer at the New York State Insurance Fund (NYSIF) since February 2019, Tayeb has held several key positions, including Senior Finance Manager at GLOBALFOUNDRIES from April 2015 to June 2018, and Treasury Operations Manager and Treasury Accounting Manager at Mubadala Development Company between October 2009 and April 2015. Additional experience includes serving as Senior Treasury Manager at Aviva from October 2006 to October 2009 and as Group and Treasury Accountant at ICI from September 2001 to October 2006. Tayeb holds a Master of Arts (MA) in Social and Political Sciences from the University of Cambridge and attended Westminster School for earlier education.
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New York State Insurance Fund (NYSIF)
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The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair market place and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 155,000 policyholders, with more than $2 billion in annual premium and $18 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers. In 2018, NYSIF added Paid Family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.