Actuarial Consultant - Defined Benefits
POSITION SUMMARY
The Defined Benefit Actuarial team provides valuation and consulting services on the funding strategy and plan design of qualified defined benefit retirement plans. The annual valuations determine required and permitted contributions, provides information for company accounting reporting, and government filing purposes necessary to retain the plan’s tax qualified status.
RESPONSIBILITIES
- Perform actuarial tasks, programming software to produce benefits and liabilities
- Analyze and verify plan liabilities and assets, document factors used in computations (such as those used in evaluating gains and losses, expenses, schedules, etc.)
- Prepare annual actuarial reports for funding and accounting purposes
- Analyze the impact of changes in plan design, funding methods and assumptions
- Prepare government filings
- Perform compliance testing including nondiscrimination tests
- Train less experienced team members and act as team resource
- Works in partnership with Actuary assigned to account
- Recommend and make changes in calculation of actuarial liabilities
- Communicate directly with external pension plan clients including finance, administration and management contacts
- Attend client meetings when appropriate and participation adds value
- Coordinate and be accountable for actuarial deliverables
BASIC QUALIFICATIONS
- Bachelor’s Degree in Math, Finance or Actuarial Science program
- Excellent analytical and mathematics skills
- Excellent analysis and problem-solving skills
- Strong computer skills – including Excel and Word
- Strong interpersonal skills
- Strong written and verbal communication skills
- Creative thinker with the ability to prioritize and manage multiple tasks
- Self-starter who can work in a team environment, as well as independently
- Authorized to work in the United States without sponsorship now or in the future
PREFERRED QUALIFICATIONS
- 5+ Years of preferred experience in similar role
- 2+ years of experience working in the Defined Benefits business area