Job Information
Ascensus Senior Actuary in Chicago, Illinois
Job Description
Serve as an expert in the valuation, administration and compliance of Defined Benefit plans. Additionally, serves as a resource to plan sponsors and trustees for matters related to ERISA or local governmental compliance, plan design, and reporting.
Job Functions, Essential Duties and Responsibilities
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day-to-day basis showing your support of our organizational culture.
Provide superior client service, including presenting at client meetings, coordinating special projects, and solving problems with creative solutions
Provides effective and timely verbal and written communications in a concise and informative manner
Guide and mentor actuarial analysts
Review and certify funding and accounting valuations
Review benefit calculations and projected benefit estimates
Supervise and review client projects such as plan design analyses, experience studies, asset-liability modeling, plan termination and de-risking consulting, QDROs, et cetera
Maintains up-to date knowledge of present legislation and proposed legislative changes regarding ERISA and local governmental plan law through self-study and company-sponsored training sessions and uses this knowledge to update clients with respect to implications and/or opportunities that legal or regulatory changes will have on their retirement plans
Coordinate with all applicable parties, both internal and external, to ensure smooth transition process for new clients
Assist with other tasks and projects as assigned
Experience, Skills, Knowledge Requirements
Bachelor’s degree in actuarial science, math, or math-related field
Minimum five years’ experience in the pension industry
Enrolled Actuary designation; Fellow of the Society of Actuaries a plus
Experience with traditional defined benefit plans in a consulting environment; experience with governmental or church plans a plus
Excellent analytical and communication skills
Demonstrated expertise with ProVal a plus
Demonstrated technical proficiency and interest in learning
Strong attention to detail and the ability to prioritize, manage tasks and meet deadlines in connection with business operations, including related plan compliance matters
Ability to effectively plan and assign work
Excellent client relationship skills
We are proud to be an Equal Opportunity Employer
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws (“Protected Status”).
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