Actuarial and Investment Analyst Institutional Retirement

Bank of America - Boston, MA

Full-time - Mid Level

Boston, MA

Credit Intermediation and Related Activities

About the position

As an Actuarial and Investment Analyst at Bank of America, you will assist in the creation, development, and monitoring of investment strategies for institutional retirement plans, primarily defined benefit plans. This role is crucial in supporting the actuarial investments team and involves a variety of responsibilities including performance monitoring, reporting, asset-liability modeling, and communication with internal and external stakeholders. The position emphasizes self-management and collaboration on larger projects, contributing to thought leadership in the field.

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.
• 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.