Bank of America - Newark, DE
posted 9 days ago
Full-time - Mid Level
Newark, DE
Credit Intermediation and Related Activities
About the position
The Actuarial and Investment Analyst - Institutional Retirement at Bank of America is responsible for assisting in the creation, development, and monitoring of investment strategies for institutional retirement plans, primarily defined benefit plans. This role supports the actuarial investments team by monitoring investment strategies, preparing performance reports, conducting asset-liability modeling studies, and collaborating with internal and external partners.
Responsibilities
- Monitoring investment strategies on a day-to-day basis.
- Creating, reviewing, and distributing monthly and quarterly performance reports.
- Conducting asset-liability modeling (ALM) studies used to set investment strategies.
- Communicating regularly with internal partners and external clients.
- Self-managing through routine tasks and collaborating during larger projects.
- Contributing to the development of new thought-leadership and whitepapers.
- Monitoring financial performance of Retirement products and working with senior Product Managers in developing product plans, strategies, and enhancements.
- Performing data collection and coordination activities.
Requirements
- Bachelor's degree in actuarial science, finance, mathematics, statistics, or a related field.
- 3+ years of actuarial or institutional investment experience.
- Very proficient with Microsoft Office, especially MS Excel; VBA programming experience is a plus.
- Strong analytical skills and an ability to learn new financial modeling software.
- Excellent communication skills, both written and verbal.
- Self-managing through internal partners and external clients.
- Holds one or more of the following actuarial designations: Associate of the Society of Actuaries (ASA), Fellow of the Society of Actuaries (FSA), Enrolled Actuary (EA).
Nice-to-haves
- Series 7/66 preferred but not required.
Benefits
- Competitive benefits to support physical, emotional, and financial well-being.
