Senior Associate, Actuary

Fidelity•Chicago, IL

3d•Onsite

About The Position

We are searching for an experienced future actuary interested in building a career in a team-centric, fast-paced consulting environment. This role involves performing pension valuations (including ERISA, FASB ASC 715, FASB ASC 960), cost and benefit design studies, non-discrimination testing, creating benefit statements, and ensuring compliance. The position also includes training and assisting Analysts, coordinating and managing projects and budgets, preparing reports for client presentations, and completing/reviewing compliance tasks. Other projects may involve mergers/acquisitions/divestitures, plan terminations, and cost/benefit design studies. Collaboration with internal business partners across diverse subject areas is key to developing and implementing effective solutions for clients.

Requirements

Bachelor's degree with a major in Mathematics, Actuarial Science, or another quantitatively rigorous subject preferred
2-4 years of experience in a pension and benefit consulting firm or related industry required
Knowledge of benefit program design, legislative, account and regulatory requirements (IRS/DOL/FAS/PBGC/ERISA/409A/PPA)
Strong critical thinking and problem-solving skills
Leadership with self-motivation and determination to succeed
Excellent oral and written communication skills
Strong ability to balance and prioritize multiple projects in a fast-paced work environment
Ability to work within budgeted timeframes to maintain client profitability without sacrificing quality

Nice To Haves

Preferably at least 3-5 actuarial exams completed

Responsibilities

Performing Pension valuations including (ERISA, FASB ASC 715, FASB ASC 960)
Performing cost and benefit design studies
Performing non-discrimination testing
Creating benefit statements
Ensuring compliance
Training and assisting Analysts to ensure the continued development of staff
Coordinating and managing projects and budgets
Preparing reports for client presentations
Completing/reviewing required compliance tasks (government forms and non-discrimination testing)
Other projects including mergers/acquisitions/divestitures, plan terminations, cost and benefit design studies
Collaborating with internal business partners across diverse subject areas to develop and implement effective solutions on behalf of our clients.