Actuarial Valuation Analyst

WTW; Taguig; On-site; PHP 500,000 - 700,000; Full time

Job summary

A global consulting firm is seeking an Actuarial Analyst in Metro Manila, Taguig. The role involves preparing valuations for pension and retiree welfare plans, resolving queries, and ensuring compliance with accounting standards. Ideal candidates possess a Bachelor's degree in relevant fields, strong mathematical skills, and advanced proficiency in Microsoft Office. Fresh graduates are encouraged to apply. This position promotes career development and provides opportunities for mentorship and project management.

Qualifications

• Bachelor’s Degree required, preferably in mathematics, statistics, or engineering.
• Fresh graduates are welcome to apply.
• Proven mathematical aptitude is essential.

Responsibilities

• Prepare valuations of pension plans and retiree welfare plans for consulting offices.
• Respond to queries from consultants and resolve/escalate problems.
• Complete work following accounting standards and government regulations.

Skills

Proven mathematical aptitude

Advanced proficiency in Microsoft Office (Word, Excel, PowerPoint)

Strong written and verbal communication skills

Strong analytical and integrative skills

Client service orientation

Problem-solving skills

Education

Bachelor’s Degree in mathematics, statistics, or engineering

Experience in a Senior Actuarial role (2+ years)

Job description

Description

As an Actuarial Analyst, you will have the opportunity to enhance your core skills and your retirement plan knowledge by working on different retirement plans, preparing large complex client data, addressing questions, resolving data and plan issues, and preparing client deliverables. Over time, you will get opportunities to serve as a project manager on more complex assignments, lead internal meetings, and mentor junior staff.

Responsibilities

• Prepare valuations of pension plans and retiree welfare plans for consulting offices
• Respond to queries from consultants for plan provisions and valuation results and resolve/escalate any problems or issues
• Complete work following accounting standards and government regulations applicable to the plan
• Utilize detailed tasks and steps to produce quality projects
• Complete analysis and reconciliations of plan participant data
• Reconcile plan assets
• Manage the timeline for some small projects or components of larger projects
• Perform technical reviews of standard/complex projects
• Identify and communicate technical/analytical issues to project teams
• Supervise new hires and less-experienced associates on a project basis
• Allocate/co-ordinate work among project hires, interns, and new associates
• Actively participate in team and project planning and suggest improvements based on observed best practices
• Serve as a primary doer and liaise effectively with consultants and actuaries regarding data collection and project execution required for global accounting consolidation projects
• Prepare the first draft of deliverables for review by the consultant per project deadlines

Excellence

• Prepare valuations of pension plans and retiree welfare plans for consulting offices
• Respond to queries from consultants for plan provisions and valuation results and resolve/escalate any problems or issues
• Complete work following accounting standards and government regulations applicable to the plan
• Utilize detailed tasks and steps to produce quality projects
• Complete analysis and reconciliations of plan participant data
• Reconcile plan assets
• Manage the timeline for some small projects or components of larger projects
• Perform technical reviews of standard/complex projects
• Identify and communicate technical/analytical issues to project teams
• Supervise new hires and less-experienced associates on a project basis
• Allocate/co-ordinate work among project hires, interns, and new associates
• Actively participate in team and project planning and suggest improvements based on observed best practices
• Serve as a primary doer and liaise effectively with consultants and actuaries regarding data collection and project execution required for global accounting consolidation projects
• Prepare the first draft of deliverables for review by the consultant per project deadlines

People

• Build relationships internally and collaborate effectively on cross-functional teams
• Demonstrate natural ease and effectiveness when dealing with associates in other Towers Watson offices
• Provide ongoing on-the-job training to project hires, interns, and junior associates on routine projects, including basic tools, issues, and concepts
• Mentor and manage junior associates regarding budgets, timelines, and Excellence standards
• Act as a feedback provider on a performance review of junior associates and new associates for regularization

Clients

• Work with Project Leader to ensure that each project is completed on time and meets quality standards
• Respond to all requests and communications effectively and efficiently
• Identify and lead communication with consulting team on project results, providing analysis of results, and potential issues, and responding to inquiries

Financial

• Meet chargeable hours targets
• Contribute to profitability by preparing project budgets, monitoring own time spent on the project and maintaining accurate time records
• Ensure projects are consistently correct, on time, and within budget. Notifies the project manager of potential write-offs and identifies the need to modify the scope of a project to address unanticipated issues
• Increase efficiency within teams by identifying ways to improve processes
• Allocate/co-ordinate work among project hires, interns, and new associates
• Actively participate in team and project planning and suggest improvements based on observed best practices

Qualifications

• Bachelor’s Degree required, preferably in mathematics, statistics, or engineering
• Fresh graduates are welcome to apply
• Or those with at least 2 years of work experience in a Senior Actuarial role
• Proven mathematical aptitude
• Advanced proficiency in Microsoft Office (Word, Excel, and PowerPoint)
• Previous defined benefit pension experience required
• Well-organized and detail-oriented with effective time management skills
• Strong written and verbal communication skills and ability to interact with colleagues at all levels
• Strong analytical and integrative skills with ability to draw conclusions and identify trends from data
• Ability to ask the right questions and seek help where appropriate; good problem-solving
• Strong client service orientation
• Ability to apply newly acquired knowledge to future assignments
• Ability to work independently and on client teams
• Sense of accountability and initiative in self-development
• Actuarial exams/designation, a plus

WTW is an Equal-Opportunity Employer