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Description:
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Consulting client looking for experienced actuarial student with related pension actuarial experience. Ideal candidate will be able to pass actuarial exams (minimal requirement of one course per year). Solid administration and staff-level client relationships; developing some relationships with higher level client contacts. Able to answer some client questions without reliance on lead actuary. Will begin to play a role in client meetings. Prepare contribution requirements and accounting costs, with some oversight. Update valuation runs for any changes and program provisions from scratch. Interpret valuation results and provide initial recommendations to lead actuary. Perform more complicated or review more simple pension benefit calculations. Coach/train entry level students. Could also be involved in: Valuation programming on ProVal system, Basic knowledge of funding methods, Minimum and/or maximum funding calculations, Reconciliation of liability gains and losses, Schedule B and coordination with 5500, PBGC Schedule A, Asset/liability projections, Non-discrimination testing FAS 87 Accounting and FAS 132 Disclosure, Basic knowledge of FAS 88 Accounting for Settlements and Curtailments, FAS 106 Accounting for Post-retirement Medical and Life Insurance Benefits, Program new provisions in ProVal and develop cost impact of changes, Ability to read and interpret plan documents in order to calculate benefits, 2+ years of actuarial work experience and completion of several exams, possibly an ASA or EA preferred.
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