Newly Qualified Retirement Actuary

Retirement Actuary

Florida, United States (Remote working available)

We are seeking a talented and motivated Retirement Actuary to join our clients team in Florida. As a Newly Qualified Retirement Actuary, you will play a vital role in providing actuarial expertise and strategic guidance to our client in the retirement industry.

You will be responsible for analyzing and evaluating retirement plans, assessing risks, and developing innovative solutions to ensure the long-term financial security of plan participants. Your expertise and insights will be crucial in helping clients navigate the complex landscape of retirement planning and compliance.

Key Responsibilities:

Actuarial Analysis: Conduct thorough actuarial analysis and assessments of retirement plans, including defined benefit plans, defined contribution plans, and hybrid plans. Evaluate plan design, funding levels, benefit calculations, and actuarial assumptions to determine the financial soundness and sustainability of the plans.

Risk Assessment: Identify and analyze potential risks associated with retirement plans, such as investment risks, mortality risks, and longevity risks. Develop and implement risk management strategies to mitigate these risks and ensure the plans' ability to meet their long-term obligations.

Compliance and Regulatory Compliance: Stay up-to-date with relevant laws, regulations, and industry standards pertaining to retirement plans, including ERISA, IRS regulations, and state-specific requirements. Ensure compliance and provide guidance to clients on plan design, documentation, and reporting to meet regulatory requirements.

Financial Modeling and Forecasting: Utilize actuarial software and tools to create financial models and projections for retirement plans. Conduct scenario testing and sensitivity analysis to assess the impact of different factors on plan outcomes. Provide insights and recommendations based on the analysis to assist clients in making informed decisions.

Client Consultation: Collaborate closely with clients to understand their unique retirement plan objectives and challenges. Communicate complex actuarial concepts in a clear and concise manner, providing strategic advice and guidance to support their business goals. Build and maintain strong client relationships through excellent service and proactive communication.

Team Collaboration: Work closely with cross-functional teams, including actuaries, consultants, investment professionals, and administrators, to deliver comprehensive retirement solutions to clients. Collaborate on projects, share knowledge, and contribute to the continuous improvement of actuarial practices and processes within the organization.

Qualifications and Skills:

Bachelor's degree in actuarial science, mathematics, statistics, or a related field.

Membership or near-membership of a recognized actuarial professional organization (e.g., Society of Actuaries, Casualty Actuarial Society).

Strong understanding of actuarial principles, retirement plan design, and relevant legislation (e.g., ERISA, IRS regulations).

Proficiency in actuarial software and tools (e.g., Excel, Access, SQL, actuarial modeling software).

Excellent analytical and problem-solving skills, with the ability to apply actuarial concepts to real-world scenarios.

Strong written and verbal communication skills, with the ability to convey complex ideas to both technical and non-technical stakeholders.

Attention to detail, with a focus on accuracy and precision in actuarial calculations and analysis.

Ability to manage multiple projects and prioritize tasks effectively, while meeting deadlines.

Continuous learning mindset and a commitment to professional development in the field of retirement actuarial science.

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