Job Title:
Senior Actuarial Analyst
Reports To:
Consulting Actuary
FLSA Status:
Exempt
Department:
Retirement
Location:
Corporate
Summary:
Requires at least 2 years of experience supporting our actuarial services. This position may also provide actuarial valuation and plan administration support to multiemployer, private and public sector entities, and/or the PBGC.
Essential Duties and Responsibilities:
The following list of duties and responsibilities are examples of the work successful candidates will be asked to perform. Candidates may not be involved with all of these functions as a regular part of their duties. We are looking for multiple candidates, and some may focus more on these duties than others.
Lead and/or oversee the preparation, review, reconciliation, and analysis of actuarial valuation data to ensure accuracy, efficiency, and adherence to actuarial standards of practice.Lead and/or oversee the preparation and delivery of individual benefit calculations and/or benefit statements.Update, or program from scratch, actuarial software or perform review of analysis updates, as needed, for funding and accounting valuations.Check/oversee single life test cases review from valuation software prepared by analysts and provide help and coaching as needed.Check, oversee, and assist with creation and/or update of spreadsheets/ProVal ValSets to produce funding and/or accounting results.Review actuarial valuation reports (Funding/Accounting/GASB) including PPA certifications, results letters and presentations for clients, as prepared by analysts coach and assist as needed.Support production of actuarial studies. Such as experience studies, ProVal/Excel based funding and accounting projections, or other special projects relating to emerging retirement plan issues.Coordinate special projects with other team members, including lead consultant.Participate in client meetings, as needed.Work effectively with colleagues, executive leadership, and clients.Be physically in the office 3 days a week if considered hybrid (exceptions provided on an ad-hoc basis).Develop strong client relationships through effective communication and understanding of client needs, deadlines, and questions on routine services.Provide feedback on process improvement and quality control.Provide leadership, feedback, and training to actuarial analysts.Maintain ownership and responsibility for quality, accuracy, and timely completion of deliverables.Meet internal and external deadlines.Ability to check own work before moving work to a checker or reviewer.Assist in the maintenance of project timelines.Comply with internal quality control and peer review guidelines.Weekly completion and submission of timesheet.Develop a proficient understanding of funding, accounting, and plan administration rules.Stay informed of changes to rules, legislation, and regulations related to single employer, multiemployer, public sector pension plans, and/or the PBGC.Take initiative to learn through on the job training or continued actuarial education.Successful progression towards attainment of SOA/EA actuarial credentials.Other Duties and Responsibilities:
Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources. Participate in proactive team efforts to achieve departmental and company goals. Perform other duties as assigned. Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience:
Bachelor's degree (B. A.) from four-year college or university in Actuarial Science, Mathematics, Economics, Finance, or a related field; and two or more years related experience and/or training. Prior internship experience is a plus.Multiemployer experience is preferred, but not required. Public Sector experience is also a plus.
Certificates and Licenses:
None required. Preference may be given to candidates that have demonstrated success at passing Society of Actuaries examinations and plan to continue pursuing actuarial credentials.
Language Ability:
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Math Ability:
Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis.
Reasoning Ability:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills:
Proficient personal computer skills including electronic mail, record keeping, routine database activity, word processing, spreadsheet, graphics, etc. High proficiency with Microsoft Office (including Excel and Access) or related software required. Experience with actuarial valuation software also required.
Project Management
Strong time and project management skills. Ability to manage multiple projects and deadlines simultaneously.
Supervisory Responsibilities:
This job generally has no supervisory responsibilities. Some candidates may assist in supervising summer interns.
Travel:
Minimal overnight travel (up to 10%) by land and/or air. – for position resident in the Towson office, there may be occasional day travel to Washington DC for meetings on on-site work assignments. At this level local travel will be infrequent and will not require an overnight stay.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.The noise level in the work environment is usually moderate.
Physical Demands:
The physical demands described here are 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 functions.The employee must regularly lift and /or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear.
The employee is occasionally required to stand; walk; reach with hands and arms and stoop, kneel, crouch, or crawl.Bolton is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.
78000.00 To 115000.00 (USD) Annually
