Senior Actuarial Consultant

General Description: 

The Defined Benefits Senior Actuarial Consultant communicates the results of analysis and calculations of pension projects to clients.  He/she also peer reviews the work of other Analysts and Actuaries, and is involved in numerous projects simultaneously. The Senior Actuarial Consultant at this level is expected to communicate results in accordance with regulatory guidelines independently, and with limited instruction.

Responsibilities:

·       Develop superior client relationships that foster the client’s perception of USICG as an industry expert and resource for solutions regarding employee benefit plans.

·       Review and communicate results related to the actuarial valuation process.  Maintain turnaround time to meet the client’s requirements and the department’s timing standards.

·       For GASB/OPEB client work:

o   Prepare, review and deliver the GASB 75,73, and 16 valuations to the client, and

o   Review and assist clients with the valuation and disclosure processes.

·       For Defined Benefit Pension Plan/Cash Balance Pension Plan client work:

o   Review and communicate the financial impacts of the ASC 715 Pension Expense Calculation (including settlement transactions) and Disclosure Statement,

o   Review and deliver the participant annual funding notice and actuarial AFTAP certification,

o   Review and assist clients with the filing process for the IRS Form5500 package, and

o   Review and assist clients with the filing of the Pension Benefit Guaranty Corporation (PBGC) Comprehensive Premium Form for determining premium payments to comply with PBGC regulations.

·       Review and communicate the financial impacts of the ASC 715 Pension Expense Calculation (including settlement transactions) and Disclosure Statement.

·       Review and deliver benefit calculations and projected benefit estimates, including QDROs, RMDs and in service distribution benefits.

·       Participate in the decision making process, and deliver correspondence between USICG and the client regarding matters on all core actuarial services.

·       Demonstrate proficiency with mortality and interest theory concepts, in conjunction with performing and reviewing experience studies and other special project assignments as requested by the client or actuary.

·       Demonstrate technical proficiency with various software applications and regulatory requirements in order to train others and effectively communicate with clients.

·       Serve as a technical resource to Actuarial Analysts. Demonstrate strong technical knowledge of ERISA, FASB and GASB requirements.

·       Foster and maintain a friendly and collaborative atmosphere within the department and company.  

Knowledge, Skills and Abilities:

·       Bachelor Degree in Mathematics, Actuarial Science, Computer Science or Finance.

·       3-10 + years of post-education pension actuarial experience. 

·       Completion of actuarial exams is not required, but is desired.

·       Functional in MS Office software (Word, Excel).  ProVal knowledge desired.

·       Strong analytical and communication skills.

·       Ability to multi-task and juggle priorities.

·       Flexibility to work overtime to meet client demands.

·       Team orientated.

Physical Demands:

Work is performed in a climate controlled office environment with minimal noise and limited to no exposure to chemicals or toxins.  Employees operate office equipment including; telephone - headset, Computer,   computer monitors, keyboard, mouse, copier, scanner and mail machine.  Physical tasks of job include; walking, sitting, standing, bending and typing.

Analysis of Physical Demands:

·       Constantly (over 66% of time) work performed requires employees to use repetitive hand motions such as fingering, using a keyboard, and sitting at a desk.

·       Frequently (34%-66% of time) work performed requires employees to handle and grasp things, walk on normal surfaces, stand and bend.

·       Occasionally (1%-33% of time) work performed requires employees to drive to client appointments, have repetitive foot movements, walk on uneven or slippery surfaces to and from work and occasionally reach outward to grab things and bend.

·       Rarely  (< than 1 hour per week) work performed  requires Lifting/Carrying  items that range from 10-50lbs, pushing/pulling  items that range from 10-50lbs, twisting/ turning including reaching over shoulder or above head , kneeling or squatting.