Retirement Actuary

  • 37222
  • Life - Actuarial
  • |
  • Illinois, United States
  • |
  • Apr 17, 2020
  • Pass actuarial exams.
  • Solid administration and staff-level client relationships; developing some relationships with higher level client contacts.
  • Able to answer some client questions without reliance on lead actuary.
  • Completes some work through others.
  • Beginning to play a role in client meetings.
  • Prepare contribution requirements and accounting costs, with some oversight.
  • Update valuation runs for any changes and program provisions from scratch.
  • Interpret valuation results and provide initial recommendations to lead actuary.
  • Perform more complicated or review more simple pension benefit calculations.
  • Coach/train entry level students.
  • Demonstrate flexibility to work additional hours on occasion when client needs dictate.
  • Draft original materials with some guidance.
  • Academic background or aptitude in Actuarial Science, Mathematics, Economics or Statistics.
  • 2+ years of actuarial work experience and completion of several exams, possibly an ASA or EA.
  • Valuation programming on ProVal system.
  • Basic knowledge of funding methods.
  • Use of valuation software, tailoring, and programming.
  • Minimum and/or maximum funding calculations.
  • Reconciliation of liability gains and losses.