Assistant Actuary – Actuarial Support

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

📋 Description

• Provide actuarial support to federal financial services clients for Multiemployer Special Financial Assistance services.

• Evaluate potential risks associated with corporate decisions or situations utilizing statistics, financial theories, and mathematical principles.

• Estimate the probabilities and expected costs related to events such as mortality, natural disasters, or illness.

• Calculate anticipated payouts for insurance policies.

• Create visual representations of data and present findings at meetings, explaining their significance.

• Analyze reports to determine subsequent actions for clients or the organization.

• Develop client deliverables and ensure their accuracy and quality through thorough review.

• Anticipate client requirements and devise appropriate solutions.

• Mentor junior staff by providing coaching and support.

• Contribute to the creation of new business proposals and assist in their development.

• Oversee personal and professional growth.

• Assist with the implementation, reporting, monitoring, and application reviews related to SFA.

• Aid in the procedures for SFA approval requests and assess plan eligibility and priority groups.

• Monitor active, completed, and ongoing SFA cases while preparing reports for stakeholders.

• Train PBGC staff in the review of SFA applications.

• Review financial and actuarial determinations post-approval, including mergers, transfers, and withdrawal liability settlements.

• Ensure compliance with conditions for plans receiving SFA.

• Review SFA applications, actuarial valuation reports, cash flow projections, assumptions, supporting documentation, actuarial calculations, and SFA amounts.

• Prepare summaries, projected benefits, findings reports, and official actuarial certifications.

• Provide additional support for surge, overflow, litigation, legislative analysis, training, and other needs as required.

⛳️ Requirements

• Required Actuarial Qualification: EA.

• A minimum of 5 years of experience in pensions.

• Bachelor’s degree in Mathematics, Economics, Statistics, or a related business field.

• At least 3 years of relevant consulting or industry experience.

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

• Experience in identifying and validating pension plan data.

• Experience in performing pension plan calculations.

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

• Must be capable of obtaining and maintaining necessary clearance.

• Strong knowledge of statistics, probability, and calculus.

• Familiarity with computers and statistical modeling software.

• Understanding of business and financial concepts.

• Python experience is preferred.

• Knowledge and experience with multiemployer defined benefit plans and ERISA are preferred.

• Experience in financial analysis, change management, restructuring actuarial analysis, and negotiations is preferred.

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

• Experience in financial and actuarial analysis, case reporting, contribution projections, data analysis, and actuarial calculations is preferred.

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

• Experience working independently with minimal supervision is preferred.

• Strong problem-solving and troubleshooting abilities are preferred.

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

• Demonstrated ability to write clearly and concisely is preferred.

• U.S. Citizenship is required.

• Excellent oral and written communication skills.

• Proficient in Microsoft Office Products, including Word, Excel, PowerPoint, Publisher, and Adobe.

• Must qualify for Facility Access Authorization/Employment Authorization.

• May be required to complete a Financial Disclosure Statement.

• Must undergo and qualify for background investigations up to Top Secret or DOE Q clearance.

• Additional requirements and conditions of employment may apply.

🏝️ Benefits

• Full-time employment opportunities.

• Option for remote work.

• Opportunities for professional and personal development.

• Mentorship and guidance for junior staff.

• Opportunities for professional advancement and enhancement of consulting skills and experiences.