Job Title: Actuarial Analyst

Reports To: Consulting Actuary

FLSA Status: Exempt

Department: Retirement

Location: Corporate

Summary:

Entry level position providing technical support to our actuarial clients (i.e. pension, OPEB, and PBGC). This position may also provide actuarial valuation and plan administration support to multiemployer, private and public sector entities, and/or the PBGC.

Essential Duties and Responsibilities:

The following list of duties and responsibilities are examples of the work successful candidates will be asked to perform. Candidates may not be involved with all these functions as a regular part of their duties. We are looking for multiple candidates, and some may focus more on these duties than others.

1. Prepare individual benefit calculations and prepare regular benefit statements.
2. Validate, reconcile, and review data in actuarial valuation software.
3. Update actuarial software as needed for funding and accounting valuations.
4. Check single life tests from valuation software by using excel spreadsheets and other in-house tools
5. Assist in the preparation/update of spreadsheets/ProVal ValSets to produce funding and/or accounting results.
6. Assist in producing actuarial valuation reports (Funding/Accounting/GASB), PPA certifications, and preparation of results letters and presentations for clients.
7. Assist or support production of actuarial studies such as experience studies, ProVal/Excel based funding and accounting projections, or other special projects relating to emerging retirement plan or client issues.
8. Gain a basic understanding of funding, accounting, and pension administration rules.
   1. Stay informed of changes to rules, legislation and regulations related to single employer, multiemployer, public sector pension plans, and/or the PBGC.
   2. Take initiative to learn through on the job training or continued actuarial education.
   3. Successful progression towards attainment of SOA/EA actuarial credits.
9. Work effectively with colleagues, senior leadership, and clients.
10. Be physically in the office 3 days a week if considered hybrid (exceptions provided on an ad-hoc basis).
11. Develop ownership and responsibility for quality, accuracy, and timely completion of deliverables.
    1. Meet internal and external deadlines.
    2. Comply with internal quality control and peer review guidelines/
    3. Assist in the maintenance of project timelines.
    4. Weekly completion and submission of timesheet.

Other Duties and Responsibilities:

1. Comply with all safety policies, practices, and procedures. Report all unsafe activities to supervisor and/or Human Resources.
2. Participate in proactive team efforts to achieve departmental and company goals.
3. Perform other duties as assigned.

Requirements

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:

Bachelor's degree (B. A.) from four-year college or university in Actuarial Science, Mathematics, Economics, Finance, or a related field; or one to two years related experience and/or training; or equivalent combination of education and experience. Prior internship experience is a plus.

Certificates and Licenses:

None required. Preference may be given to candidates that have demonstrated success at passing Society of Actuaries examinations and plan to continue pursuing actuarial credentials.

Language Ability:

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Math Ability:

Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis.

Reasoning Ability:

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills:

Proficient personal computer skills including electronic mail, record keeping, routine database activity, word processing, spreadsheet, graphics, etc. High proficiency with Microsoft Office (including Excel and Access) or related software preferred. Experience with actuarial valuation software preferred.

Project Management:

Strong time and project management skills. Ability to manage multiple projects and deadlines simultaneously.

Supervisory Responsibilities:

This job has no supervisory responsibilities.

Travel:

Minimal overnight travel (up to 10%) by land and/or air. - for position resident in the Towson office, there may be occasional day travel to Washington DC for meetings on on-site work assignments. At this level, local travel will be infrequent and will not require an overnight stay.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The employee must regularly lift and /or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand; walk; reach with hands and arms and stoop, kneel, crouch, or crawl.

Our firm offers a collegial work environment, opportunities for professional growth, and a generous benefits package, including family health, vision, and dental benefits; employer-paid disability and life insurance benefits; a 401(k) plan with match after 6 months of employment; vacation and sick leave; paid holidays; hybrid telework arrangements; and monthly fitness stipends.

Bolton is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.

Salary Description

$70,000-$85,000