Jersey City, NJ30+ days ago
Defined benefit pension plan experience • Ability to interpret and implement complex pension plan benefit provisions as well as drafting of documents • At least one of Pricing, Valuation, Actuarial Modeling, Pension Administration or Contract experience • Pension benefit calculation modeling, testing, or production experience • Project management experience • Self-Starter who is comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem • Awareness of governance best practice and controls required • Competence in using Microsoft Office programs; familiarity with VBA coding a plus • Ability to work and thrive in a dynamic team environment, possess excellent interpersonal, written and oral communication skills and having a comfort with explaining complex materials in a clear, focused, and concise manner • Bachelors degree in Actuarial Science, Mathematics, Statistics, or related field • Pursue one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification. Depending on the candidates background, the successful candidate will perform one or multiple of the following duties: (1) underwrite, assess pension risks, perform actuarial calculations, and assemble commitment agreements in technical aspects; (2) act as internal project manager in all technical aspects of onboarding new business across internal functions; (3) act as pension specialist to support call center through managing defined benefit pension plans benefit calculations, modeling, and testing; (4) act as pension specialist in drafting and reviewing defined benefit pension provisions in contracts from the actuarial modeling and pension administration perspectives before documents are utilized by call center, are delivered to individuals or are filed with state regulators; and/or (5) lead inforce governance and special projects assisting internal functions.