Actuarial Assistant I – Actuarial Support

This is a fully remote position, open to applicants in District of Columbia, +1 more state.

📋 Description

• Assist in federal financial services consulting projects for actuarial support pertaining to Multiemployer Special Financial Assistance services.

• Evaluate potential risks associated with company decisions or scenarios utilizing statistics, financial theories, and mathematics.

• Calculate probabilities and anticipated costs for events such as mortality, natural disasters, or health issues.

• Determine projected insurance payouts and devise strategies for risk reduction.

• Execute testing, assessments, planning, and analytical tasks.

• Create innovative solutions to enhance productivity while maintaining organized documentation.

• Engage in or lead Service Pod Teams and facilitate client deliverables.

• Analyze statistical data and produce analyses, charts, and presentations.

• Review reports and establish subsequent actions for clients or the organization.

• Generate deliverable content that aligns with client and contractual specifications.

• Anticipate client requirements and develop appropriate solutions.

• Scrutinize deliverables for precision and quality assurance.

• Mentor junior staff members.

• Contribute to the development of new business proposals and related documentation.

• Support processes related to Special Financial Assistance approval requests.

• Examine plan eligibility, priority groups, applications, actuarial reports, cash flow forecasts, assumptions, calculations, census data, and anticipated benefits.

• Monitor active, completed, and ongoing Special Financial Assistance cases.

• Prepare case reports, application summaries, findings, and formal actuarial certifications.

• Educate PBGC staff on the review process for Special Financial Assistance applications.

• Oversee compliance of plans receiving Special Financial Assistance.

• Provide surge support, overflow assistance, litigation support, legislative analysis, pension-law training, actuarial-assumption evaluation, and financial-statement support as needed.

• Manage personal and professional growth.

⛳️ Requirements

• Bachelor’s degree in Mathematics, Economics, Statistics, actuarial science, or another business-related discipline.

• Over 3 years of pertinent consulting or industry experience.

• More than 3 years of pension-related experience.

• Proficient in word processing, spreadsheets, presentation software, and internet research tools.

• Experience in identifying and validating pension plan data.

• Background in performing pension plan calculations.

• Attained or actively pursuing actuarial credentials such as ASA, EA, or FSA.

• Must be able to obtain and maintain necessary clearance.

• Strong knowledge of statistics, probability, and calculus.

• Experience with computers and statistical modeling software.

• Understanding of business and financial principles.

• Python experience is preferred.

• Familiarity and experience with multiemployer defined benefit plans and ERISA is preferred.

• Background in financial analysis, change management, restructuring actuarial analysis, and negotiation is preferred.

• Experience in census data analysis, standard procedure documentation, and tracking management reports is preferred.

• Familiarity with financial and actuarial analysis, case reporting, contribution forecasting, data analysis, and actuarial calculations is preferred.

• Ability to support consultations on leading practices in pension plan administration is preferred.

• Experience working autonomously with minimal oversight is preferred.

• Strong problem-solving and troubleshooting capabilities are preferred.

• Proven ability to prioritize tasks and meet deadlines is preferred.

• Demonstrated ability to communicate clearly and concisely in writing is preferred.

• U.S. Citizenship is required.

• Exceptional oral and written communication skills.

• Proficient with Microsoft Word, Excel, PowerPoint, Publisher, Adobe Acrobat, data analytics tools, and Visio.

• Must be eligible for Facility Access Authorization/Employment Authorization.

• Must be able to pass background checks, up to Top Secret or DOE Q clearance.

• May be required to complete a Financial Disclosure Statement.

🏝️ Benefits

• Full-time employment.

• Option for remote work.

• Opportunities for professional and personal development.

• Training and coaching opportunities available.

• Chance to collaborate with diverse teams and clients.

• Opportunity to engage in proposals and new business development.