Senior Actuarial Analyst
Domain
Tech Stack
Must-Have Requirements
- ✓Bachelor's degree in Mathematics, Economics, Statistics or related business field
- ✓5+ years relevant actuarial experience
- ✓Advanced knowledge of statistics and modeling software
- ✓Excel, Word, and PowerPoint proficiency
- ✓Pension plan data reconciliation experience
- ✓Benefit calculation preparation experience
- ✓Ability to explain complex technical matters to non-technical audiences
Nice to Have
- -Proval software knowledge
- -Single employer and multiemployer pension plan actuary experience
- -Progress toward ASA, FSA, and EA designations
Description
Job Description Summary Examines and summarizes statistical data by applying mathematical and statistical knowledge to unpaid claim liability, trend analysis, rate formula, forecasting, and premium analysis. Participates in the preparation of annual statements, calculation of tax related issues, and drafting of business coverage forms. Job Description Please note: This role is not eligible for immigration Work Visa sponsorship, either currently or in the future. Job Summary Under limited supervision, uses specialized knowledge and skills obtained through education and experience to prepare financials and financial analysis reports to analyze the financial costs of risk and uncertainty. Evaluation, originality and ingenuity are required to locate, select and apply appropriate procedures, processes and techniques to specific assignments. Uses mathematics, statistics, and financial theory to assess the risk. Regular contact with senior management and other internal customers is required to identify, research, and provide recommendations to minimize the cost of risk. Essential Duties and Responsibilities Perform valuation services for pension and post-retirement medical plans Prepare and review participant benefit calculations Prepare and review required government forms including Form 5500, Schedule MB/SB, Form 8955-SSA Prepare and review plan compliance documents including Annual Funding Notice, PPA Zone certifications, and AFTAP certifications Prepare plan design alternatives for pension and post-retirement medical plans Prepare and review accounting calculations (ASC 960, ASC 715, IAS19, GASB, SOP) Prepare and present key findings to clients Perform project tasks independently Participate in the development of deliverable content that meets the needs of the client Anticipate client needs and formulate solutions to client issues Prepare deliverables with accuracy and quality Provide coaching and mentoring to junior staff Knowledge, Skills, and Abilities
Knowledge of
Advanced statistics and modeling software. Knowledge of Proval preferred. Excel, Word, and PowerPoint Pension plan data reconciliation Preparation of benefit calculations
Skill in
Identifying patterns and trends in complex sets of data to determine the factors that have an effect on certain types of events Ability to use and develop spreadsheets, databases, and statistical analysis tools Ability to interpret Plan Documents
Ability to
Explain complex technical matters to those without an actuarial background Communicate clearly through reports and memos that describe their work and recommendations Manage own personal and professional development; seek opportunities for professional growth and expansion of consulting skills and experiences Manage workload and apply skills across multiple projects Educational/Previous Experience Requirements Minimum 5 years of experience in relevant field, single employer and multiemployer pension plan actuary experience preferred Bachelor’s degree in Mathematics, Economics, Statistics or other business related field Licenses/Certifications Progress toward ASA, FSA, and EA designation Education Bachelor’s: Economics, Bachelor’s: Mathematics, Bachelor’s: Statistics Work Experience General Experience - 3 to 6 years Certifications Associate of the Society of Actuaries (ASA) - Society of Actuaries, Fellow of the Society of Actuaries (FSA) - Society of Actuaries Salary Range $80,000.00-$135,000.00 Travel Less than 25% Workstyle Hybrid The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com. At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.