Actuarial Analyst - Retirement/Pension

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below.

Specific activities may change from time to time.

1. Coordinate participant census and asset requests for the completion of defined benefit plan valuation projects for clients.

Communicate directly with clients and client relationship team to successfully complete projects within a timely manner.

2. Balance assets and analyze trust statements for specific income and disbursement items. Utilize accounting principles to create asset summaries and income statement.

Review pension payment registers from trustee.

3. Reconcile participant census and process payroll information in accordance with plan provisions.

4. Complete pension benefit calculations, for the estimate, certification, and distribution of participant pension benefits.

Field participant inquiries through Defined Benefit Participant Call Center.

5. Support defined benefit participant web access and password resets.

6. Generate Form 5500 information for participant counts, coverage information, and asset information. Complete Form 5500 and applicable schedules.

7. Process plan terminations, notices of plan benefits, distributions and applicable filings.

8. Support special retirement consulting projects as needed. Communicate with Project Team to successfully complete projects within a timely manner.

9. Read and comprehend plan documents with an emphasis on benefit provisions. Prepare and update plan summary notes for Consulting Actuary and Client Service Team.

10. Organize work in accordance with department procedures and standards. Record and document decisions made and other analysis used to complete asset and participant reconciliations.

11. Peer review client deliverables completed by other teammates for reasonableness and accuracy prior to being submitted for formal review.

QUALIFICATIONS

Required Qualifications :

The requirements listed below are representative of the knowledge, skill and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Bachelor's degree in Actuarial Science, Mathematics, Finance, Computer Science, Statistics, or other analytical field or equivalent education and related training

2. Must be able to read and interpret legal documents pertinent to pension law and regulations

3. Strong communication and organizational skills

4. Analytically oriented with strong math and logic skills

5. Attentiveness to detail

6. Ability to multi-task

7. Ability to work independently and on a team

8. Demonstrated proficiency of basic computer applications, such as Microsoft Office products

Preferred Qualifications :

1. Five or more years of experience in Defined Benefits Administration

2. Qualified Pension Administrator (QPA) with American Society of Pension Professionals and Actuaries (ASPPA), Certified Employee Benefit Specialist (CEBS), completion of two exams with the Society of Actuaries, or other relevant professional designation

3. Call Center experience

General Description of Available Benefits for Eligible Employees of TIH :

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position.

TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits.

All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21.

Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.