Consultant (Actuary)

2 weeks ago

Hyderabad, India Ascensus Full time

FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.

Ascensus is looking for actuarial professionals who possess the technical expertise in US pensions that align with our commitment to delivering exceptional quality through a customer-centric approach. You’ll have an enriching experience collaborating with seasoned professionals and gaining invaluable insights and experience in the retirement industry. Our teams are empowered by our comprehensive study policy, designed to support your career journey in obtaining actuarial credentials through IAI, IFOA, SOA, and ASPPA. With our structured training programs, you will be well-prepared to integrate and manage Defined Benefit plans within broader retirement products and strategies across our organization.

Joining Ascensus means embracing a unique opportunity to grow professionally, having work-life balance, and a place you can bring your whole self to work every day. We look forward to welcoming you to contribute to our success and make a meaningful impact to our noble purpose – helping people save for those important miles stones in their lives. 

Roles & Responsibility:

Conduct benefit calculations for pension plans. Performs special actuarial projects as assigned. Draft data requests, perform data analysis and assess inconsistencies Prepare valuation data using Excel or Software application Perform detailed actuarial gain/loss analysis and analyze changes in the liability Determine valuation assumptions, apply/update on valuation system Prepare valuation reports, Forms for regulatory reporting Assist with other special ad hoc projects Assist junior team members in their work and help grooming them Review work completed by junior colleagues Involve in work transition, help develop training materials and deliver training to team members

Education and skill Requirement:

Bachelor’s degree in Actuarial Science/Statistics/Mathematics with 60%+ marks Actuarial exam progress will be an advantage Would be able to manage a team and train the Juniors Excellent communication and problem-solving skills Excellent cognitive ability, analytical skills, organization, and recall Ability to work in a fast-paced environment Ability to adapt to changes in the work environment Flexibility in work culture (Example – She/he should be flexible in Day/Night shift based on business requirement)

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