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Actuarial Analyst I 185 views

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Regular or Temporary:

Regular
Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)
Please review the following job description:
Generate Defined Benefit, Non-Qualified, Cash Balance, and Post Retirement Medical Actuarial Valuation reports for review and to support the completion of any special consulting projects as assigned by management including special actuarial studies, forecasts, and experience analysis.
Essential Duties and Responsibilities:

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Prepare actuarial valuation projects for defined benefits, cash balance, non-qualified, and post-retirement medical associate benefit plans.

2. Balance assets and analyze trust statements for specific income and disbursement items. Utilize accounting principles to create asset summaries and income statement.

3. Reconcile participant information in accordance with plan provisions and peer review participant data from Defined Benefits Administration team used for Actuarial Valuations.

4. Organize work and use the Actuarial Services filing system in accordance with Department procedures and standards.

5. Generate Form 5500 information for participant counts, coverage information, and asset information.

6. Record and document decisions made and other analysis used to complete asset and participant reconciliations.

7. Read and comprehend plan documents with an emphasis on benefit provisions. Prepare and update plan summary notes, as required.

8. Perform basic coding and testing of valuation software.

9. Generate valuation reports and other client deliverables for Defined Benefit, Cash Balance, Non-Qualified, and Post retirement Medical clients.

10. Support special actuarial studies including termination analysis, plan design, forecasts, and experience studies.

11. Create participant benefit statements and listings.

12. Complete the Form 5500, Schedules SB, and Pension Benefit Guaranty Corporation (PBGC) forms.

13. Process disclosure information pursuant to FASB ASC 715, GAS 27 and GAS 45 standards.

14. Process client reporting pursuant to FASB ASC 715 and GASB 45 for Post-retirement Medical Plans.

15. Process client deliverables for Cash Balance plan administration and valuations.

Required Skills and Competencies:

1. Bachelor’s degree equivalent education and related training

2. Strong communication and organizational skills

3. Analytically oriented with strong math and logic skills

4. Attentiveness to detail

5. Ability to multi-task

6. Ability to work independently and on a team

7. Demonstrated proficiency of basic computer applications, such as Microsoft Office products

8. Ability to travel, occasionally overnight

Desired Skills:

1. Bachelor’s degree in Actuarial Science, Mathematics, Finance, Computer Science, Statistics, or other analytical field is preferred

2. Pursue exam programs with the American Society of Pension Professionals and Actuaries (ASPPA) or Society of Actuaries (SOA)

3. Experience with ProVal Actuarial Valuation software

4. Experience with underwriting or analytics related to group healthcare benefit plans

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