Actuarial Analyst
USI Insurance Services
Louisville, KYFresher5m agovia LinkedIn
About the Role
The Defined Benefits Actuarial Analyst performs analysis and calculations necessary to complete client pension projects for review by senior staff. This role involves managing contribution to project time and budget effectively for multiple client projects simultaneously to ensure correct and complete client deliverables. The Actuarial Analyst at this level is expected to complete assigned duties independently with limited instruction.
Key Responsibilities
- Attend scheduled training sessions over a 12-18 month period to gain familiarity and competency.
- Draft the actuarial valuation and maintain plan record keeping for assigned clients, finalizing after actuarial review and maintaining turnaround time.
- Draft the participant annual funding notice and actuarial AFTAP certification.
- Complete IRS Form 5500, along with appropriate schedules and attachments, in a timely manner.
- Complete the Pension Benefit Guaranty Corporation (PBGC) Comprehensive Premium Form to comply with PBGC regulations.
- Draft the ASC 715 Pension Expense Calculation and Disclosure Statement and ensure timely delivery.
- Formulate and process benefit calculations and projected benefit estimates.
- Facilitate communication between the client and the actuary for assigned clients, drafting correspondence between USICG and the client.
- Complete special project assignments as requested.
- Work within various software applications to become efficient in completing client assignments.
- Foster and maintain a friendly and collaborative atmosphere within the department and company.
Requirements & Tech Stack
- MS Office software (Word, Excel)
- Ability to work within various software applications.
Qualifications
- Bachelor Degree in Mathematics, Actuarial Science, Computer Science, or Finance.
- No prior experience necessary; any post-education pension actuarial experience is preferred.
- Completion of actuarial exams is not required.
- Strong analytical skills.
- Strong communication skills.
- Ability to multi-task and juggle priorities.
- Flexibility to work overtime to meet client demands.
- Team oriented.
- Familiarity with mortality and interest theory concepts.