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Actuarial Analyst

Location:

MN - Bloomington

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General Description:

The Defined Benefits Actuarial Analyst performs analysis and calculations necessary to complete client pension and other post-employment benefit (OPEB) projects for review by senior staff. He/she is involved in numerous client projects simultaneously and must manage the contribution to project time and budget effectively to ensure a correct and complete client deliverable. The Actuarial Analyst at this level is expected to complete the assigned duties independently with limited instruction after a period of learning and asking questions.  Managers and consulting actuaries are always available for questions.

Responsibilities:

  • Attend scheduled training sessions over 12-18 month period to gain familiarity and competency to perform all responsibilities associated with the Actuarial Analyst role.
  • Draft the actuarial valuation and maintain plan record keeping for assigned clients and finalize after actuarial review. Maintain turnaround time to meet the client's requirements and the department's timing standards.
  • Draft the participant annual funding notice and actuarial AFTAP certification.
  •  Draft and review the Accounting Standards Expense Calculations and Disclosure Statement requirements. Ensure timely delivery of this statement to assigned clients.
  • Formulate and process benefit calculations and projected benefit estimates.
  • Facilitate communication between the client and the actuary for assigned clients. Draft correspondence between USICG and the client.
  • Familiarity with contingency mathematics and interest theory concepts.
  • Complete special project assignments as requested by the client or actuary.
  • Ability to work within various software applications to become efficient in completing client assignments.
  • Work to continually improve the unit’s processes and increase efficiency.
  • Foster and maintain a friendly and collaborative atmosphere within the department and company.

 Knowledge, Skills and Abilities:

  • Bachelor’s Degree in Mathematics, Actuarial Science, Computer Science or Finance.
  • 1 -3 years post-education pension and/or OPEB actuarial experience is preferred.
  • Completion of at least one actuarial exam is required
  • Functional in MS Office software (Word, Excel, etc.).
  • Strong analytical and communication skills.
  • Ability to multi-task and juggle priorities.
  • Flexibility to work overtime to meet client demands.
  • Team orientated.

Job ID:

22307

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