Position Summary
We are seeking Actuarial Analysts and Senior Actuarial Analysts to join our team supporting US Pension clients.
The role involves working on actuarial and financial models, preparing reports, performing benefit calculations, and contributing to high-quality deliverables in compliance with IRS and other regulatory requirements.
Key Responsibilities :
- Develop a deep understanding of the US pension system, IRS regulations, and specific processes related to the pension operations segment.
- Validate and update data in actuarial and financial models.
- Prepare and analyze actuarial reports and financial statements for US Pension clients.
- Share report observations and insights with internal checkers.
- Act as a liaison with onshore consultants to resolve data or project-related queries.
- Perform pension benefit calculations and valuations.
- Participate in and contribute to special projects as required.
- Responsibilities for Experienced Candidates (1-5 Years)
- Candidates with prior experience should demonstrate strong knowledge in the following areas :
- Actuarial Ancillary Services
- Preparation of AFTAP & Annual Valuation Reports
- Preparation of PBGC Government Filings
- Preparation of Annual Funding Notices
- Prepare signature-ready IRS Form 5500
- Work on Form 5500 Schedules
- Handle FASB / ASC 715 reporting
- Prepare disclosures under IAS 19R / US GAAP
- Knowledge of OPEB / PRM plans is an added advantage
Other Special Services :
TV / Retiree Cash-out CalculationsAge 70- Required Minimum Distribution RequestsSupport in special accounting calculationsEssential Qualifications :
Master's degree or equivalent qualification in Actuarial SciencesGood understanding of basic actuarial conceptsStrong interpersonal skills and excellent oral and written communicationAbility to multitask, prioritize, and work in a fast-paced environmentMust show progress in Actuarial ExamsTechnical Qualifications :
Strong analytical, problem-solving, and interpretation skillsSound understanding of mathematics and statisticsProficient in MS Office applications (Excel, Word, etc.)Working knowledge of retirement tools such as Relius and ProVal (preferred for experienced candidates)(ref : iimjobs.com)