PRT Actuary (Remote)

Trustage; United States; Hybrid; USD 108,000 - 162,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

401k

Tuition reimbursement

Flexible workplace

Job summary

TruStage is seeking a mid-level actuary to support Pension Risk Transfer pricing and analysis. This role offers independence to develop solutions and collaborate with actuarial teams across disciplines.

The candidate will code pricing models, perform complex benefit calculations, and contribute to contract language while pursuing actuarial accreditation if applicable. Competitive base pay and comprehensive benefits provided.

Qualifications

• Bachelor’s degree in actuarial science, statistics, mathematics or related field or equivalent experience.
• ASA/ACAS Level or equivalent.
• Pension experience strongly preferred.
• Ability to communicate technical concepts to non-technical audiences.
• Ability to interact with other functional areas as required.
• Ability to pay attention to detail and meet deadlines.

Responsibilities

• Code and execute proprietary PRT pricing model for initial premium valuations.
• Code and execute PRT pricing model for premium recalculations.
• Maintain and improve the PRT pricing model and related processes.
• Perform complex participant benefit calculations including QDROs, death benefits and late retirements.
• Draft and review PRT contract language.
• Support the growing PRT product through special projects.
• Pursue actuarial accreditation and maintain status in the actuarial student program.

Skills

Communication of technical concepts to

Education

Bachelor’s degree in actuarial science, statistics, mathematics or related field

ASA/ACAS Level or equivalent

Job description

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future.

Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition

Job Purpose:

This position is a mid-level actuarial position with significant independence to perform analysis and develop solutions to actuarial issues with limited direction. The primary purpose is to assist actuaries in the pricing of Pension Risk Transfer (PRT) opportunities.

Job Responsibilities:

• Code and execute proprietary PRT pricing model for initial premium valuations

• Code and execute PRT pricing model for premium recalculations

• Help to maintain and improve the PRT pricing model and other processes

• Execute more complicated participant benefit calculations, including QDROs, death benefits and late retirements. Review standard calculations

• Draft and review PRT contract language

• Support the growing PRT product through special projects

• If applicable, actively pursue actuarial accreditation. Maintains good standing in the actuarial student program.

The above statement of duties is not intended to be all inclusive and other duties will be assigned from time to time.

Job Requirements:

• Bachelor’s degree in actuarial science, statistics, mathematics or a related field or equivalent professional related work experience

• Four-plus years of experience in actuarial setting with progressive responsibilities
• ASA/ACAS Level or equivalent
• Pension experience strongly preferred.
• Ability to communicate technical concepts to non-technical audiences
• Ability to interact with other functional areas as required.
• Ability to pay attention to detail, produce accurate results and develop self-validation skills. Strong organization and time management skills.
• Ability to handle multiple priorities and tight deadlines.
• Ability to work independently or as part of a team.
• Ability to develop and use collaborative relationships to facilitate the accomplishment of work goals.

Compensation may vary based on the job level, your geographic work location, position incentive plan and exemption status.

Base Salary Range:

$108,100.00 - $162,200.00

At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan. Additional benefits available to eligible employees include medical, dental, vision, employee assistance program, life insurance, disability plans, parental leave, paid time off, 401k, and tuition reimbursement, just to name a few. Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees. We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when “life happens,” you can focus on what’s most important.

Accommodation request

TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department.