General Description:

The temporary Defined Benefits Actuarial Consultant works directly with the Actuaries to communicate the results of analysis and calculations necessary to complete client pension projects, and completes peer review of other Actuarial Analyst's work. He/she is involved in numerous client projects simultaneously and must manage their contribution to project time and budget effectively to ensure a correct and complete client deliverable. The Actuarial Consultant at this level is expected to complete the assigned duties independently with limited instruction.

 

Responsibilities:

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. Review and deliver the participant annual funding notice and actuarial AFTAP certification. Review and assist clients with the filing process for the IRS Form5500 package. 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. Draft and deliver correspondence between USICG and the client regarding matters on all core actuarial services. Demonstrate competency with mortality and interest theory concepts, in conjunction with performing experience studies and other special project assignments as requested by the client or actuary. Demonstrate technical proficiency with various software applications to become efficient in completing client assignments. 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. 5-7 years of post-education pension actuarial experience. Completion of actuarial exams is not required. 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.