Senior Retirement Actuarial Analyst - NYC

Confidential Company  •  New York, NY

5 - 7 years experience  •  Financial Services

Salary depends on experience
Posted on 11/22/17
Confidential Company
New York, NY
5 - 7 years experience
Financial Services
Salary depends on experience
Posted on 11/22/17

Our Retirement consulting team combines expertise in retirement and investment consulting to support global organizations worldwide in designing, managing, administering and communicating all types of retirement plans.  Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to design, funding, investing, governing and employee engagement that fits their specific goals.

Through the use of leading edge tools and research as well as sophisticated thinking, our team can build tailored solutions for clients that balance retirement program risks and costs with plan objectives and opportunities.

The Role

As a Retirement Senior Actuarial Analyst you will apply your actuarial and project management expertise in the delivery of complex projects for Fortune 1000 and other not-for-profit organizations of similar size. You will help clients achieve their evolving business objectives by aligning their defined benefit, retiree welfare and defined contribution plans accordingly. Given the size and complexity of our client portfolio, in addition to core plan management work, you will have the opportunity to support diverse projects related to mergers and acquisitions, plan design and strategy, asset liability studies, forecasting, early retirement windows, global consulting and other special projects as needed.


As you grow with clients and gain more expertise, you will play an increasingly larger role within your client team.

Performance Objectives:

Clients

  • Begin to serve as the project manager and main liaison to the consultant which includes:
  • Creating project plans
  • Monitoring progress to deadlines and budget
  • Scheduling and managing weekly/bi-weekly status meeting calls
  • Ensuring appropriate and effective communication among team members and the client
  • Deliver work in accordance to project deadlines
  • Deliver on projects to meet or exceed client expectations
  • Increase efficiency within client teams by identifying ways to improve processes

Excellence

  • Manage the execution of data collection, analyses and finalization of work product required for core work including:
    • Large defined benefit and retiree medical planvaluations
    • Completion of Form 5500s and other Government filings
    • Non-discrimination testing
  • Contribute to special projects such as plan design, asset/liability modelling, retirement planrisk assessment and mitigation, due diligence for mergers and acquisitions, collective bargaining agreements, global consulting, strategic workplace planning, total rewards strategies, and others
  • Complete work in accordance with ERISA, FASB, GASB, Department of Labor, Pension Protection Act and other Government regulations
  • Seek and participate in key learning and development opportunities/maintain steady progress through exams
  • Review analytical work and draft documents prepared by more junior analysts
  • Contribute to the development of new tools and approaches

People

  • Build relationships internally and collaborate effectively on cross-functional teams
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
  • Mentor junior staff as appropriate

Financial

  • Meet chargeable hours targets 
  • Contribute to sales and marketing efforts by drafting proposals and responding to RFPs

Job Requirements

The Requirements

  • 4+ years’ experience conducting  core valuation work in a client-service oriented environment with large corporate defined benefit plans; defined contribution planexperience a plus
  • Significant actuarial exam progress toward ASA and EA credentials
  • Proven experience managing multiple projects within prescribed project guidelines
  • Strong client relationship, interpersonal and team skills
  • Strong written and verbal communication skills
  • Ability to ask the right questions and seek help where appropriate
  • Ability to respond to all communications effectively and in a timely manner
  • Flexibility and proven ability to diagnose and resolve issues; strong client service orientation
  • Demonstrated leadership qualities
  • Ability to work both independently and on client teams and enjoy a fast-paced environment
  • Sense of accountability; owning one’s work and taking pride in it
  • Self-starter; interest in continually challenging oneself and willingness to step outside of one’s comfort zone
  • Interest and ability to think beyond the task at hand and understand how one’s work fits into the broader landscape
  • Strong analytical and integrative skills including ability to draw conclusions and identify trends from data in a logical, systematic way
  • Excellent Microsoft Office skills, particularly in Access and Excel
  • Bachelor’s Degreerequired
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