Senior Actuarial Analyst

Raymond James•Washington, DC

9d•Hybrid

About The Position

Examines and summarizes statistical data by applying mathematical and statistical knowledge to unpaid claim liability, trend analysis, rate formula, forecasting, and premium analysis. Participates in the preparation of annual statements, calculation of tax related issues, and drafting of business coverage forms. Under limited supervision, uses specialized knowledge and skills obtained through education and experience to prepare financials and financial analysis reports to analyze the financial costs of risk and uncertainty. Evaluation, originality and ingenuity are required to locate, select and apply appropriate procedures, processes and techniques to specific assignments. Uses mathematics, statistics, and financial theory to assess the risk. Regular contact with senior management and other internal customers is required to identify, research, and provide recommendations to minimize the cost of risk.

Requirements

Minimum 5 years of experience in relevant field
single employer and multiemployer pension plan actuary experience preferred
Bachelor’s degree in Mathematics, Economics, Statistics or other business related field
Progress toward ASA, FSA, and EA designation
Associate of the Society of Actuaries (ASA) - Society of Actuaries
Fellow of the Society of Actuaries (FSA) - Society of Actuaries
Excel, Word, and PowerPoint
Pension plan data reconciliation
Preparation of benefit calculations
Identifying patterns and trends in complex sets of data to determine the factors that have an effect on certain types of events
Ability to use and develop spreadsheets, databases, and statistical analysis tools
Ability to interpret Plan Documents
Explain complex technical matters to those without an actuarial background
Communicate clearly through reports and memos that describe their work and recommendations
Manage own personal and professional development; seek opportunities for professional growth and expansion of consulting skills and experiences
Manage workload and apply skills across multiple projects

Nice To Haves

Knowledge of Proval preferred.

Responsibilities

Perform valuation services for pension and post-retirement medical plans
Prepare and review participant benefit calculations
Prepare and review required government forms including Form 5500, Schedule MB/SB, Form 8955-SSA
Prepare and review plan compliance documents including Annual Funding Notice, PPA Zone certifications, and AFTAP certifications
Prepare plan design alternatives for pension and post-retirement medical plans
Prepare and review accounting calculations (ASC 960, ASC 715, IAS19, GASB, SOP)
Prepare and present key findings to clients
Perform project tasks independently
Participate in the development of deliverable content that meets the needs of the client
Anticipate client needs and formulate solutions to client issues
Prepare deliverables with accuracy and quality
Provide coaching and mentoring to junior staff