Pension Actuarial Analyst – Growth & Impact

USI Insurance Services; Glastonbury (CT); On-site; USD 60,000 - 75,000; Full time

Job summary

USI Insurance Services is seeking a Defined Benefits Actuarial Analyst to support client pension projects, perform valuations, and draft required forms for regulatory compliance. The role involves handling multiple client assignments with limited supervision and utilizing MS Office tools for accurate actuarial work.

The ideal candidate will have 1–3 years of pension actuarial experience, strong analytical and communication skills, and the ability to multi-task in a fast-paced consulting

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.
• 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. This form should be completed in accordance with the Department's timing standards.
• Draft the ASC 715 Pension Expense Calculation and Disclosure Statement. Ensure timely delivery of this statement to assigned clients.
• 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

Actuarial degree

Pension actuarial experience

MS Office

Analytical skills

Multi-tasking

Team oriented

Education

Bachelor's degree in Mathematics, Actuarial Science, Computer Science or Finance

Tools

MS Excel

MS Word

Job description

USI Insurance Services is seeking a Defined Benefits Actuarial Analyst to support client pension projects, perform valuations, and draft required forms for regulatory compliance. The role involves handling multiple client assignments with limited supervision and utilizing MS Office tools for accurate actuarial work.

The ideal candidate will have 1–3 years of pension actuarial experience, strong analytical and communication skills, and the ability to multi-task in a fast-paced consulting