Senior Actuarial Analyst

Job Description Summary

Examines and summarizes statistical data by applying mathematical and statistical knowledge to unpaid claim liability, trend analysis, rate formula, forecasting, and premium analysis. Participates in the preparation of annual statements, calculation of tax related issues, and drafting of business coverage forms.

Job Description

Please note: This role is not eligible for immigration Work Visa sponsorship, either currently or in the future.

Job Summary

Under limited supervision, uses specialized knowledge and skills obtained through education and experience to prepare financials and financial analysis reports to analyze the financial costs of risk and uncertainty. Evaluation, originality and ingenuity are required to locate, select and apply appropriate procedures, processes and techniques to specific assignments. Uses mathematics, statistics, and financial theory to assess the risk. Regular contact with senior management and other internal customers is required to identify, research, and provide recommendations to minimize the cost of risk.

Essential Duties and Responsibilities

• Perform valuation services for pension and post-retirement medical plans
• Prepare and review participant benefit calculations
• Prepare and review required government forms including Form 5500, Schedule MB/SB, Form 8955-SSA
• Prepare and review plan compliance documents including Annual Funding Notice, PPA Zone certifications, and AFTAP certifications
• Prepare plan design alternatives for pension and post-retirement medical plans
• Prepare and review accounting calculations (ASC 960, ASC 715, IAS19, GASB, SOP)
• Prepare and present key findings to clients
• Perform project tasks independently
• Participate in the development of deliverable content that meets the needs of the client
• Anticipate client needs and formulate solutions to client issues
• Prepare deliverables with accuracy and quality
• Provide coaching and mentoring to junior staff

Knowledge, Skills, and Abilities

Knowledge of:

• Advanced statistics and modeling software. Knowledge of Proval preferred.
• Excel, Word, and PowerPoint
• Pension plan data reconciliation
• Preparation of benefit calculations

Skill in:

• Identifying patterns and trends in complex sets of data to determine the factors that have an effect on certain types of events
• Ability to use and develop spreadsheets, databases, and statistical analysis tools
• Ability to interpret Plan Documents

Ability to:

• Explain complex technical matters to those without an actuarial background

• Communicate clearly through reports and memos that describe their work and recommendations
• Manage own personal and professional development; seek opportunities for professional growth and expansion of consulting skills and experiences
• Manage workload and apply skills across multiple projects

Educational/Previous Experience Requirements

• Minimum 5 years of experience in relevant field, single employer and multiemployer pension plan actuary experience preferred
• Bachelor’s degree in Mathematics, Economics, Statistics or other business related field

Licenses/Certifications

• Progress toward ASA, FSA, and EA designation

Education

Bachelor’s: Economics, Bachelor’s: Mathematics, Bachelor’s: Statistics

Work Experience

General Experience - 3 to 6 years

Certifications

Associate of the Society of Actuaries (ASA) - Society of Actuaries, Fellow of the Society of Actuaries (FSA) - Society of Actuaries

Salary Range

$80,000.00-$135,000.00

Travel

Less than 25%

Workstyle

Hybrid

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave.  Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

 

 

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