Associate

Qualifications

• The Requirements
• Bachelor’s degree (U.S. or foreign equivalent) in Actuarial Science, Mathematics, Statistics or a related quantitative field.
• One (1) year of experience as an Actuarial Analyst or a related role.
• Prior experience collaborating with consultants on team projects that entails providing actuarial services to clients in various industries such as manufacturing, utilities, investments, legal, insurance, and health care.
• Prior experience with databases, dataset analysis and data reconciliation, project management, and report writing.
• Prior experience contributing to plan design and union negotiation of retirement plans, including assessing liabilities and preparing cost estimates.
• Prior experience conducting asset and liability projection modeling based on funding policy and economic scenarios to determine funded status, net periodic benefit cost calculations, and minimum required contribution calculations.
• Prior experience working with US GAAP, IAS 19, ERISA, FASB, Department of Labor, Pension Protection Act and other Government regulations.
• Prior experience carrying out experience studies to improve plan valuation assumptions such as termination and retirement rates, salary scale, disability incidence rates, form of payment election rates, spousal age difference, retiree medical participation rates and mortality credibility analysis.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Experience utilizing actuarial valuation systems.
• Experience with discount rate and pension benefit forecasting models.
• Exam progress toward designation as an Associate of the Society of Actuaries (ASA)