Retiree Medical Actuary - Pension-8125
Client looking to add an actuary who really understands retiree medical and can do a valuation from start to finish. Must be technically sound and willing to be hands on as well as being good with various software. Role will provide comprehensive support to the retiree medical plan valuation team in preparing annual financial reporting and related actuarial analysis for post-retirement (non-pension) benefit plans, from initial data collection/processing through report preparation. Independently perform post-retirement plan analysis, applying appropriate assumptions, actuarial cost methods, and accounting rules, and complying with actuarial standards. Communicates results and consults on routine issues. Supports the defined benefit plan services team and other actuarial units in performing projects, special studies, and related actuarial analysis. Prepares plan design change cost analysis, impact of business/plan mergers, settlement of liabilities, funding strategies, cost sharing strategies, assumption setting, and analyzing changes in accounting requirements of the FASB. Utililizes critical thinking and applies actuarial concepts to program the actuarial valuation system to accommodate new plans as well as to incorporate changes in assumptions, benefit structure, cost sharing provisions, and actuarial cost method for existing plans. Reviews test cases and performs gain/loss and other analyses to ensure accuracy of the participant data, software coding, assumptions and results. Supports the Lead Post-Retirement Benefits Actuary in explaining and responding to complex inquiries. Supports the defined benefit actuarial team. Performs analysis and review for a broad range of recurring and special projects including complex benefit calculations, employer contribution allocation, plan design, cooperative business/workforce changes, analysis of new plan features, etc. Assists with the actuarial work supporting other benefit plan offerings, including defined contribution, non-qualified deferred compensation, and medical/prescription drug. Ideal candidate will have at least 5+ years of experience performing post-retirement medical and defined benefit pension benefit actuarial analysis, preparing related actuarial valuations and financial reporting. ASA or EA credentials a plus, but not a requirement. Willing to consider applicants still pursuing exams towards credentials. Experience in coding actuarial software used to determine retiree welfare benefit liabilities preferred. Ability to present complex financial and actuarial topics in a simple and concise way to a diverse audience.