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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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