Pension Actuarial Analyst: Defined Benefits

USI Insurance Services; Nashville (TN); On-site; USD 60,000 - 80,000; Full time

Job summary

USI Consulting Group is seeking an Actuarial Analyst for Defined Benefits pension projects. You will independently perform duties, draft valuations, and maintain plan records for multiple clients while meeting timelines and quality standards.

You will assist with funding notices, IRS Form 5500, PBGC premiums, and ASC 715 disclosures. Collaboration with clients and actuaries is essential to deliver accurate estimates.

Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Computer Science or Finance.
• 1-3 years of post-education pension actuarial experience.
• Completion of actuarial exams is not required.
• Functional in MS Office software (Word, Excel).
• Strong analytical and communication skills.
• Ability to multi-task and juggle priorities.
• Flexibility to work overtime to meet client demands.
• Team oriented.

Responsibilities

• Attend scheduled training sessions over 12-18 month period to gain familiarity and competency to perform all responsibilities associated with the Actuarial Analyst role.
• Draft the actuarial valuation and maintain plan record keeping for assigned clients and finalize after actuarial review. Maintain turnaround time to meet the client's requirements and the department's timing standards.
• Draft the participant annual funding notice and actuarial AFTAP certification.
• Complete IRS Form 5500, along with appropriate schedules and attachments and deliver it in an appropriate timeframe to the client.
• Complete the Pension Benefit Guaranty Corporation (PBGC) Comprehensive Premium Form for determining premium payments to comply with PBGC regulations.
• Draft the ASC 715 Pension Expense Calculation and Disclosure Statement.
• Formulate and process benefit calculations and projected benefit estimates.
• Facilitate communication between the client and the actuary for assigned clients. Draft correspondence between USICG and the client.
• Familiarity with mortality and interest theory concepts.
• Complete special project assignments as requested by the client or actuary.
• Ability to work within various software applications to become efficient in completing client assignments.
• Foster and maintain a friendly and collaborative atmosphere within the department and company.

Skills

Analytical skills

Communication skills

MS Office

Multitasking

Teamwork

Overtime flexibility

Education

Bachelor's degree in Mathematics/Actuarial Science/CS/Finance

Tools

MS Office

Job description

USI Consulting Group is seeking an Actuarial Analyst for Defined Benefits pension projects. You will independently perform duties, draft valuations, and maintain plan records for multiple clients while meeting timelines and quality standards.

You will assist with funding notices, IRS Form 5500, PBGC premiums, and ASC 715 disclosures. Collaboration with clients and actuaries is essential to deliver accurate estimates.