Actuarial Analyst

$58,000 - $70,000/Yr

Usi Holdings Corporation - New York, NY

Full-time - Entry Level

New York, NY

Insurance Carriers and Related Activities

About the position

The Defined Benefits Actuarial Analyst at USI Holdings Corporation is responsible for performing analysis and calculations necessary for client pension projects. This role requires managing multiple client projects simultaneously while ensuring timely and accurate deliverables. The analyst is expected to work independently with limited supervision and participate in training sessions to develop the necessary skills for the position.

Responsibilities

• Attend scheduled training sessions over a 12-18 month period to gain familiarity and competency in the Actuarial Analyst role.
• Draft the actuarial valuation and maintain plan record keeping for assigned clients, finalizing after actuarial review.
• Maintain turnaround time to meet client requirements and departmental timing standards.
• Draft the participant annual funding notice and actuarial AFTAP certification.
• Complete IRS Form 5500, along with appropriate schedules and attachments, and deliver it to the client in a timely manner.
• Complete the Pension Benefit Guaranty Corporation (PBGC) Comprehensive Premium Form for determining premium payments to comply with PBGC regulations.
• Draft the ASC 715 Pension Expense Calculation and Disclosure Statement and ensure timely delivery to assigned clients.
• Formulate and process benefit calculations and projected benefit estimates.
• Facilitate communication between the client and the actuary for assigned clients.
• Draft correspondence between USICG and the client.
• Complete special project assignments as requested by the client or actuary.

Requirements

• Bachelor's degree in Mathematics, Actuarial Science, Computer Science, or Finance.
• 1-3 years of post-education pension actuarial experience.
• Strong analytical and communication skills.
• Functional in MS Office software (Word, Excel).
• Ability to multi-task and juggle priorities.
• Flexibility to work overtime to meet client demands.
• Team-oriented.

Nice-to-haves

• Completion of actuarial exams is not required.
• Familiarity with mortality and interest theory concepts.

Benefits

• Health savings account
• Paid holidays
• Disability insurance
• Health insurance
• Dental insurance
• 401(k)
• Paid time off
• Family leave
• Vision insurance
• Life insurance