Pension Actuarial Analyst: Data Modeling & Client Impact

Arch Capital Group; Latham (NY); On-site; USD 55,000 - 70,000; Full time

Benefits offered by this job

Medical plans

Dental and vision coverage

401k with generous matching

Paid time off (PTO) 20 days/year

12 paid company holidays/year

Paid Parental Leave (up to 10 weeks)

Job summary

Arch Capital Group in New York is seeking an Actuarial Analyst to support the Managing Actuary. You will prepare annual actuarial valuation reports, run unit tests for the valuation system, and handle technical administrative duties and routine client communications.

Responsibilities include developing/maintaining actuarial models for Defined Benefit plans, assisting with funding assumptions, analyzing cost drivers, and producing data requests and MS Access queries while collaborating on client

Qualifications

• Bachelor’s or master’s degree in actuarial science, mathematics, statistics, finance or quantitative field.
• 0-3 years of pension actuarial background.
• Minimum of 3 actuarial exams passed, or 10 years relevant quantitative work experience.
• Significant coursework in Mathematics in Life Contingent Risks is preferred.

Responsibilities

• The Actuarial Analyst will support actuaries by preparing annual actuarial valuation reports and performing unit-testing of codes in the actuarial valuation system.
• Assist in developing actuarial assumptions, plan funding techniques, and benefit provisions.
• Analyze cost drivers and trends of Defined Benefit plans and notify actuaries of significant issues.
• Create annual service fee agreements and data request forms by building complex queries, tables, relationships, and database objects in MS Access.
• Collaborate with actuaries and other Penflex staff on client or company projects.
• Take initiative to improve processes and share information with management.
• Continue actuarial education through approved programs and training.

Skills

Microsoft Office

VBA

SQL

Actuarial modeling

Communication

Time management

Education

Bachelor’s or Master’s degree in actuarial science, mathematics, statistics, finance

0-3 years pension actuarial background

3 actuarial exams passed or 10 years quantitative experience

Pursuing ASA/CERA with goal of FSA

Tools

MS Access

SQL

Job description

Arch Capital Group in New York is seeking an Actuarial Analyst to support the Managing Actuary. You will prepare annual actuarial valuation reports, run unit tests for the valuation system, and handle technical administrative duties and routine client communications.

Responsibilities include developing/maintaining actuarial models for Defined Benefit plans, assisting with funding assumptions, analyzing cost drivers, and producing data requests and MS Access queries while collaborating on client