Welcome page Returning Candidate? Log back in! Pension Risk Transfer Actuary Job Locations US-OH-CINCINNATI ID 2023-20827 Category Actuarial Type Full Time Subsidiary Western & Southern Financial Group Overview

Summary of Responsibilities:

Leads pricing, integration and inforce management activities for the Company’s Pension Risk Transfer (PRT) line of business.  Works with minimal supervision and is responsible to make an established range of decisions, escalating to AVP when necessary and updating AVP on a regular basis. Provides team leadership, assisting the AVP in support of PRT goals.  Assists AVP with mentoring and coaching other associates.

Responsibilities

Position Responsibilities:

Reviews defined benefit plan documents and summaries to understand plan provisionsRecommends assumptions for PRT pricingPerforms pricing and sensitivity analysis for PRT casesManages PRT pricing schedules Leads inforce management activities for PRT, including management of deferred calculations and onboarding cases to ensure data is of sufficient quality to be used for financial reporting and valuation purposesTrains, reviews work of and mentors actuarial students throughout the PRT processReviews current PRT processes and recommends enhancements to improve efficiency and the overall work productDocuments projects in accordance with established guidelines.Complies with standards declared by the Actuarial Standards Board and other applicable bodies (SEC, Accounting Standards Board, etc.) as well as the requirements of state and federal regulation.Performs other duties assigned by management. Qualifications

Selection Criteria:

Broad knowledge of pension plan design and PRT, competitive trends, and U.S. regulatory environment for retirement annuities.Typically requires 5 or more years of actuarial experience in pensions or the PRT space  Strategic and analytical thinker with ability to focus on details.  Able to quickly spot issues and develop a recommended approach.Demonstrated diplomacy, persuasiveness, creativity, judgment and decisiveness, problem solving, and project management skills.Experience leading and effectively completing projects.

Work Setting:

This position works in an office setting and remains in a continuous stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.Position requires substantial movement of wrists, hands and fingers for continuous computer work.

Educational Requirements:

Bachelor’s degree in mathematics or related field.

Computer Skills and Knowledge of Hardware & Software Required:

Expert in spreadsheet, database and word processing applications.Experience in actuarial modeling software, preferably MG-ALFA.

Certifications & Licenses (i.e., Series 6 & 63, CPA, etc.):

Member of the American Academy of Actuaries (MAAA).Enrolled Actuary or Fellow of the Society of Actuaries.

Position Demands:

Extended hours required during peak workloads or special projects.Balances work demands with the need to fulfill the Professional Development requirements as established by the Society of Actuaries and the American Academy of Actuaries.

 

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