Associate Actuary – Actuarial Support

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

📋 Description

• Provide actuarial support for Multiemployer Special Financial Assistance services for a federally chartered corporation.

• Evaluate potential risks associated with company decisions and situations through the use of statistics, financial theories, and mathematics.

• Estimate probabilities and potential costs for events such as death, natural disasters, or illness.

• Calculate anticipated insurance policy payouts.

• Create visual representations, present findings in meetings, and articulate information clearly.

• Analyze reports and determine subsequent actions for clients or the company.

• Develop deliverable content that aligns with client and contract specifications.

• Anticipate client needs and devise effective solutions.

• Review deliverables to ensure accuracy and quality standards are met.

• Provide mentorship to junior staff members.

• Contribute to the development of new business proposals.

• Manage both personal and professional growth.

• Assist NRAD with the standard procedures for SFA approval requests.

• Review plan eligibility, priority groups, applications, actuarial valuations, reports, cash flow projections, assumptions, and SFA calculations.

• Track active SFA cases and prepare both internal and external case reports.

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

• Monitor SFA recipient plans to ensure compliance with established conditions.

• Prepare summaries, findings reports, and formal actuarial certifications for SFA application evaluations.

• Review census data and generate projected benefits based on plan provisions.

• Provide surge support, litigation support, legislative-impact analysis, pension-law training, actuarial-assumption analysis, and PBGC financial-statement assistance as required.

⛳️ Requirements

• FSA credential is mandatory.

• At least 8 years of experience in pension-related fields.

• Minimum of 2 years of pension experience post-credential attainment.

• Experience in valuing ongoing single-employer and/or multiemployer defined benefit pension plans.

• Familiarity with complex plan features such as cash balance plans or early retirement supplements.

• Bachelor's degree in Mathematics, Economics, Statistics, actuarial science, or a related business field.

• Over 3 years of relevant consulting or industry experience.

• Proficient in word processing, spreadsheet, presentation creation, and internet research tools.

• Experience in identifying and validating pension plan data.

• Skilled in performing pension plan calculations.

• Attained or pursuing actuarial credentials like ASA, EA, or FSA.

• Capability to obtain and retain necessary clearance.

• Strong foundation in statistics, probability, and calculus.

• Proficient with computers and statistical modeling software.

• Knowledgeable in business and financial concepts.

• U.S. Citizenship is required.

• Exceptional oral and written communication abilities.

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

• Must qualify for Facility Access Authorization / Employment Authorization.

• Must be able to undergo and clear background investigations up to Top Secret or DOE Q clearance.

• May need to complete a Financial Disclosure Statement.

• Python experience is preferred.

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

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

• Familiarity with census data analysis, standard procedure documentation, and management report tracking is preferred.

• Ability to work independently with minimal oversight is preferred.

• Strong problem-solving and troubleshooting abilities are preferred.

• Capability to prioritize tasks and meet deadlines is preferred.

• Ability to write clearly and concisely is preferred.

🏝️ Benefits

• Full-time employment.

• Option for remote work.

• Opportunities for professional development and career advancement.

• Coaching and mentorship for junior staff.

• Chance to collaborate with diverse teams and clients.

• Opportunity to engage in complex federal and public-sector actuarial projects.