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Associate Actuarial Consultant
4 weeks ago
Job Description
Delivery/Subject Matter Expertise
Achieves productivity goal (this is a mandatory goal)
Assists in gathering and providing information to outside auditors
Assists in developing administrative procedures and forms used by GVC
Takes personal responsibility for the timeliness and quality of the work performed and for completing the work within budget
Consistently accurate while not losing sight of the big picture
Proactively participates in VPD calls
Begins to use the tools of the trade:
Internal Revenue Code and regulations for compliance and funding considerations
Financial Accounting Standards Board Statements and Q's and A's for financial accounting rules and/or Governmental Accounting Board Statements
Internal consulting experts
Develops detailed knowledge & understanding of retirement plans and plan administration
Understands and acts on the need to keep current within the legal, regulatory, and accounting framework and to be abreast of trends (e.g., attends training sessions)
Pursuing pension actuarial credentials through the actuarial exam program (optional)
For experienced candidates (5 7 years exp)
Responsibilities/Requirements
Experience At minimum, 5 years of experience
Co-operation and Teamwork acts as part of a team, works well with others, takes fair share of the workload. An important part of teamwork is communicating with one another both those who are more junior and those who are more senior on assignments. Should be able to motivate and train junior staff and should be able to give constructive feedback.
Initiative and a sense of responsibility takes personal responsibility for the timeliness and quality of the work he or she performs and for completing the work within budget. Has an awareness of client deadlines and works to meet those deadlines and communicate about resource problems. Acts on new opportunities accepts challenges and responsibilities. Understands and acts on the need to keep current within the legal and regulatory framework and to be abreast of trends.
Seeks the big picture wants to understand the big picture and seeks help to understand it. Begins to use the tools of the trade the Internal Revenue Code, other relevant laws and regulations.
Integrity Objective and fair with a strong sense of justice. Not afraid to state minority opinion on a matter. Accepts responsibility for one's actions. Establishes trust and confidence. Handles confidential information appropriately.
Attention to detail -- Can be trusted to be consistently accurate while not losing sight of the big picture. Provides evidence of self-checking on all work provided.
Capabilities and Competencies including:
Knowledge of retirement program features and design considerations, including various design of defined benefit plans. Knowledge of the framework of ERISA and other relevant laws, rules and regulations that govern compliance issues for retirement programs. Knowledge of software tools available to complete client projects and the ability to write specifications for programming plan administration.
Able to read and understand plan documents perform plan administration and preparation of government forms, to work with client data to accomplish the objective at hand, including both implementation and ongoing administration.
Acceptable written and verbal communication skills. Able to participate in a Local Office/client meeting covering topics about which he or she has knowledge and responsibility.
Be fully responsible for reviewing the work of junior pension specialists and pension specialists in their competencies noted above.
Within the context of the individual's knowledge, able to manage a project, including coming up with a plan for getting the work done, directing the work of others and completing the work product on time and within budget.
Client/Market:
Demonstrate effective communication skills, including telephone contact with Project Managers and more experienced consultants
Establishes strong working relationships with Project Managers, Central Reviewers, and Principals.
Prepares for and attends client conference call meetings, as appropriate
Takes responsibility for meeting deadlines (for clients and management) and communicates resource needs
Accurate and prompt time recording
Essential Qualifications:
Master's degree or equivalent qualification in Actuarial Sciences
Should have a good knowledge on basic actuarial concepts
Excellent interpersonal skills, strong oral and written communication skills.
Ability to prioritize and handle multiple tasks in a demanding work environment
Ability to multitask, self-starter.
Actuarial Exam progress is required.
Technical Qualifications:
Excellent analytical, problem solving and interpretational skills.
Sound knowledge of mathematics, statistics and possess good modeling skills
Good command on MS office applications (MS-Excel, MS-Word)
Working knowledge in retirement tools such as Relius, ProVal is an added advantage for experienced candidates only
