Senior Consulting Actuary – Actuarial Support

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

📋 Description

• Provide actuarial support for federal engagements related to multiemployer Special Financial Assistance services.

• Lead teams during engagements, offering guidance and addressing both client and team needs.

• Analyze statistical data to create comprehensive analyses.

• Develop probability and cost estimates for events including death, natural disasters, or illness.

• Calculate expected payouts for insurance policies.

• Create charts and deliver presentations, explaining information during meetings.

• Evaluate reports to identify subsequent steps.

• Produce client deliverables that meet contractual obligations.

• Anticipate client requirements and devise appropriate solutions.

• Review deliverables for precision and quality assurance.

• Mentor junior staff members.

• Participate in developing new business proposals and related documentation.

• Oversee personal and professional growth.

• Formulate and document standard procedures for Special Financial Assistance requests.

• Assess plan eligibility and priority groups for SFA applications.

• Monitor active, completed, and ongoing SFA cases.

• Update standard reports and present/certify the results of SFA application reviews.

• Educate PBGC staff on the SFA application review process.

• Prepare case reports for both internal and external stakeholders.

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

• Ensure compliance of SFA recipient plans with established conditions.

• Verify the completeness of SFA applications, actuarial reports, cash flow projections, assumptions, calculations, and supporting documents.

• Identify and evaluate proposed changes to actuarial assumptions.

• Review SFA calculations and create summaries of financial and actuarial data.

• Examine plan provisions, projected benefits, contribution forecasts, investment returns, suspended benefit repayments, new entrant assumptions, and historical data.

• Analyze census data and provide projected benefits upon request.

• Prepare reports and official actuarial certifications of SFA application review results.

• Offer support for surge, overflow, litigation, legislative analysis, training, and financial statement requirements as needed.

⛳️ Requirements

• EA & FSA actuarial credentials.

• At least 10 years of experience in pension-related work.

• A minimum of 4 years of pension experience post-credential attainment.

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

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

• Bachelor's degree in Mathematics, Economics, Statistics, or another relevant business field.

• Over 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.

• Skilled in performing pension plan calculations.

• Attainment or progress toward actuarial credentials such as ASA, EA, or FSA.

• Capability to obtain and maintain necessary security clearance.

• Strong understanding of statistics, probability, and calculus.

• Familiarity with computers and statistical modeling software.

• Knowledge of business and financial principles.

• Organizational skills to manage multiple projects or cases efficiently.

• Preferred experience with Python.

• Knowledge and experience with multiemployer defined benefit plans.

• Understanding of ERISA, defined benefit plan limitations and guidelines, as well as plan assets utilized for paying benefits.

• Background in financial analysis, change management, restructuring actuarial analysis, and negotiations.

• Experience in analyzing census data, documenting standard procedures, and tracking management reports.

• Proficient in financial and actuarial analysis, case reporting, contribution projections, data analysis, and actuarial calculations.

• Ability to provide consultation on best practices in pension plan administration.

• Capacity to work independently with minimal oversight.

• Strong problem-solving and troubleshooting capabilities.

• Mature judgment with the ability to prioritize workloads to meet deadlines.

• Clear and concise writing skills suitable for a diverse audience.

• U.S. Citizenship is required.

• Exceptional oral and written communication abilities.

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

• Eligibility for Facility Access Authorization/Employment Authorization.

• Ability to undergo and qualify for background checks up to Top Secret or Q clearance.

• May be required to file a Financial Disclosure Statement.

🏝️ Benefits

• Full-time employment opportunities.

• Option for remote work.

• Opportunities for professional and personal development.

• Possibilities for professional growth and enhancement of consulting skills and experiences.

• Coaching and development opportunities available.

• Collaborate with diverse, multidisciplinary teams.

• Engage with private companies, Fortune 1,000 enterprises, and government agencies.

• Commitment to working alongside intelligent, interesting individuals from various backgrounds.

• Chance to engage in meaningful work that has a substantial impact.

• Continuous opportunities for learning, sharing, and growth.