Actuarial Analyst

Role Summary:

Gathers and analyzes data and assets of defined benefit plans. Reconciles discrepancies. Determines eligibility and prepares contribution calculations to produce client reports and government filings. Checks work and maintains data integrity. Reviews, interprets and applies provisions of existing and new plan documents. Researches existing and new regulations and procedures. Operates independently on routine matters involving own client work while seeking daily guidance on complex problems. May be assigned direct responsibility for one or more clients of lesser difficulty and limited responsibility for more complicated work under close supervision. Works collaboratively with team members, consultants and management to ensure consistent delivery and quality of organization results.

About the Role:

• Gathers and analyzes census data to determine eligibility for participation and contributions, ensuring regulatory compliance.
• Performs contribution calculation and testing, ensuring compliance with regulations, identifying issues, and assisting in resolving discrepancies.
• Collects and compiles necessary data from multiple investment platforms. Reconciles trust assets.
• Produces standard and ad hoc client reports.
• Prepares required government reporting forms, schedules, and attachments.
• Prepares notices, disclosures, and statements.
• Processes distribution requests. Verifies vesting. Calculates amount available for loans and hardships.
• Reviews and interprets provisions of plan documents to properly administer plans in accordance with terms and respond to client or advisor inquiries.
• Pursues professional development and training to enhance professional skills and better understand industry regulations and trends.
• Offers suggestions and input about existing and new plans by assessing standard procedures and regulations.
• Works with supervisor, team members and Operations staff to continuously improve processes, procedures, and workflow. Provides input on areas that effect own client work.
• Supports supervisor, team members, management, and sales staff to establish new clients and outwardly service existing clients. Participates in meetings.

Job Specifications:

• General knowledge of data analytics, statistics and advanced mathematical calculation techniques as may be obtained with a 4-year degree in Mathematics, Actuarial Science or related technical field and minimum 1 year experience working with qualified pension and benefits plans in an administrative or technical capacity. Additional demonstrated experience may be substituted for education.
• Ability to gather and analyze data, perform mathematical calculations, identify, and solve problems and follow complex instructions.
• Ability to read and write at an advanced level to understand complex legal documents.
• Ability to communicate verbally and in writing to internal staff and external clients and advisors in a manner that is clear and responsive to questions and issues.
• Ability to work individually and within a team. Ability to meet deadlines while working on multiple projects.
• Comprehensive knowledge of spreadsheet and word processing software and internet literacy to perform analyses and produce professional reports and correspondence.
• Ability to learn and work with retirement plan related system platforms and software as may be gained through training, internships, or prior work experience.
• Understanding of DBZ policies, procedures, mission, goals, objectives, and organization values as acquired through company handbook, written policies, and on-the-job experience.
• Ability to maintain designated membership in the American Society of Pension Professionals and Actuaries (ASPPA) as a QKA or higher credential.

Normal office conditions 100%. Sedentary for extended time periods while working on a computer. This role routinely uses office equipment such as computers and phones.

The above statements are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified