Job Purpose: This position is a mid-level actuarial position with significant independence to perform analysis and develop solutions to actuarial issues with limited direction. The primary purpose is to assist actuaries in the pricing of Pension Risk Transfer (PRT) opportunities.
Job Responsibilities: - Code and execute proprietary PRT pricing model for initial premium valuations
- Code and execute PRT pricing model for premium recalculations
- Help to maintain and improve the PRT pricing model and other processes
- Execute more complicated participant benefit calculations, including QDROs, death benefits and late retirements. Review standard calculations
- Draft and review PRT contract language
- Support the growing PRT product through special projects
- If applicable, actively pursue actuarial accreditation. Maintains good standing in the actuarial student program.
The above statement of duties is not intended to be all inclusive and other duties will be assigned from time to time.
Job Requirements: - Bachelor's degree in actuarial science, statistics, mathematics or a related field or equivalent professional related work experience
- Four-plus years of experience in actuarial setting with progressive responsibilities
- ASA/ACAS Level or equivalent
- Pension experience strongly preferred.
- Ability to communicate technical concepts to non-technical audiences
- Ability to interact with other functional areas as required.
- Ability to pay attention to detail, produce accurate results and develop self-validation skills. Strong organization and time management skills.
- Ability to handle multiple priorities and tight deadlines.
- Ability to work independently or as part of a team.
- Ability to develop and use collaborative relationships to facilitate the accomplishment of work goals.
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If you're ready to help make a difference, apply today. A resume is required to apply. TruStage may process applicant information using an Artificial Intelligence (AI) tool. This tool automatically generates a screening score based on how well applicant information matches the requirements and qualifications for the position. TruStage recruiters use the screening score as a guide to further evaluate candidates; the score is one component of an application review and does not automatically determine whether a candidate moves forward. Candidates may choose to opt out of this process.
Compensation may vary based on the job level, your geographic work location, position incentive plan and exemption status.
Base Salary Range:$108,100.00 - $162,200.00
At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan. Additional benefits available to eligible employees include medical, dental, vision, employee assistance program, life insurance, disability plans, parental leave, paid time off, 401k, and tuition reimbursement, just to name a few. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees. We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when "life happens," you can focus on what's most important.
