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Prosidian Consulting

Management and operations consulting firm

Associate Actuary - Actuarial Support

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeWashington, DC, USANo salary listedRemote

About the Job

Requirements

  • A Fellow of the Society of Actuaries (FSA) credential is required.
  • At least 8 years of pension experience and at least 2 years of pension experience since receiving credentials are required.
  • Experience valuing ongoing single-employer and/or multiemployer defined benefit pension plans is required, including some experience valuing plans with complex features such as cash balance plans or early retirement supplements.
  • A bachelor's degree in Mathematics, Economics, Statistics, or another business-related field is required.
  • At least 3 years of relevant consulting or industry experience is required.
  • Proficiency with word processing, spreadsheet, presentation creation, and Internet research tools is required.
  • Experience identifying and validating pension plan data is required.
  • Experience performing pension plan calculations is required.
  • Actuarial credentials such as Associate of the Society of Actuaries (ASA), Enrolled Actuary (EA), or Fellow of the Society of Actuaries (FSA) must have been attained or be in progress.
  • Must be able to obtain and maintain the required clearance for the role.
  • Knowledge of statistics, probability, and calculus is required.
  • Experience with computers and statistical modeling software is required.
  • Knowledge of business and financial concepts is required.
  • A bachelor's degree in actuarial science or a related field such as Mathematics or Statistics is described as a minimum qualification in the preferred qualifications section; a master's degree in actuarial science may also be pursued.
  • Experience with Python is preferred.
  • Knowledge or experience with multiemployer defined benefit plans, the Employee Retirement Income Security Act, defined benefit plan limitations and guidelines, and assets used to pay defined benefits is preferred.
  • Experience and tools for financial analysis, change management, restructuring actuarial analysis, and restructuring negotiations are preferred.
  • Experience and tools for census data analysis, documenting standard procedures, and management report tracking are preferred.
  • Experience and tools for financial and actuarial analysis, case reporting, contribution projections, data analysis, and actuarial calculations are preferred.
  • Experience working with multiemployer pension plan data or familiarity with multiemployer pension plans is preferred.
  • Ability to support consultations on pension plan administration leading practices, including process and operational efficiencies, is preferred.
  • Experience working independently with minimal supervision and guidance is preferred.
  • Strong problem-solving and troubleshooting skills, including mature judgment, are preferred.
  • Experience prioritizing workload to meet deadlines and work objectives is preferred.
  • Ability to write clearly and succinctly for a wide audience is preferred.
  • U.S. citizenship is required.
  • Excellent oral and written communication skills are required.
  • Proficiency with Microsoft Office products (Microsoft Word, Excel, PowerPoint, and Publisher) and Adobe is required.
  • Must be eligible for Facility Access Authorization, also referred to as Employment Authorization, by the U.S. Government's designated Security Office.
  • Must be able to submit to and qualify for varying levels of background investigation, up to Top Secret or Department of Energy Q clearance.
  • May be required to complete a Financial Disclosure Statement.
  • Advanced proficiency with Excel, Access, Outlook, PowerPoint, and Word, and proficiency with Adobe Acrobat, data analytics tools, and Visio are preferred.
  • Ability to learn additional business tools and technology is preferred.

Responsibilities

  • Assess potential risks of company decisions or situations using statistics, financial theories, and mathematics.
  • Estimate the probability of success of business decisions and project costs associated with events such as natural disasters, deaths, or employee sicknesses.
  • Design insurance policies or business strategies to reduce financial risks.
  • Study statistical data and create analyses.
  • Estimate probabilities and likely costs for events such as death, natural disasters, or sickness.
  • Calculate likely payouts for insurance policies covering different types of risks.
  • Generate charts, present them at meetings, and explain the information.
  • Analyze reports to determine next steps for the company or client.
  • Participate in and lead the development of deliverable content that meets client and contract needs.
  • Anticipate client needs and formulate solutions to client issues.
  • Review deliverables for accuracy and quality.
  • Coach junior staff.
  • Contribute to new business proposals and proposal development.
  • Manage personal and professional development and seek opportunities for professional growth and consulting-skill development.
  • Assist the National Risk Assessment Division in developing and documenting standard procedures for requests from plans for approval of Special Financial Assistance.
  • Review eligibility and priority groups for plans applying for Special Financial Assistance.
  • Review and update reports tracking active cases completed and in progress for Special Financial Assistance.
  • Review and update standard reports for presentation and certification of results of each Special Financial Assistance application review.
  • Train Pension Benefit Guaranty Corporation staff on Special Financial Assistance application review.
  • Prepare and develop case reporting for internal and external stakeholders.
  • Review post-approval financial and actuarial determinations for transactions such as mergers, transfers, and withdrawal liability settlements.
  • Monitor plans receiving Special Financial Assistance for compliance with conditions.
  • Review Special Financial Assistance application information, including its organization in the National Risk Assessment Division's systems, for completeness.
  • Review plan-status certifications, actuarial valuation reports, and other actuarial reports submitted with applications.
  • Review cash flow projections and actuarial calculations included in applications.
  • Review assumptions and supporting documentation for cash flow projections and other actuarial calculations.
  • Identify proposed changes to actuarial assumptions from pre-2021 zone-status certifications and review supporting information for the reasonableness of existing and proposed assumptions.
  • Review calculations of Special Financial Assistance amounts.
  • Prepare summaries of financial and actuarial information included in Special Financial Assistance applications.
  • Review actuarial assumptions, plan provisions, projected benefits, contribution projections, investment rates of return, repayment of suspended benefits, new-entrant assumptions, and historical data for accuracy and completeness.
  • Review census data and produce projected benefits reflecting plan provisions when requested.
  • Prepare reports presenting findings and formal actuarial certifications of Special Financial Assistance application review results.
  • Provide overflow work when surge support is needed for unanticipated workload increases or additional skill sets or hours to support Special Financial Assistance implementation, reporting, monitoring, and application reviews.
  • Provide litigation support, including testimony and depositions, when required to defend the team's work or address other actuarial issues.
  • Analyze proposed legislation affecting single-employer or multiemployer pension plans.
  • Provide assistance as needed, including training on changing pension laws and regulations, analyzing the appropriateness of actuarial assumptions, and supporting Pension Benefit Guaranty Corporation financial statements.

Desired Qualifications

  • Knowledge of Microsoft Access, Outlook, and Visio and proficiency with data analytics tools are preferred.
  • Ability to quickly learn additional business tools and technology is preferred.
  • Ability to support consultations on pension plan administration leading practices, including process and operational efficiencies, is preferred.
  • Experience working independently with minimal supervision and guidance is preferred.
  • Strong problem-solving and troubleshooting skills, including mature judgment, are preferred.
  • Experience prioritizing workload to meet deadlines and work objectives is preferred.
  • Ability to write clearly and succinctly for a wide audience is preferred.

About the Company

Prosidian Consulting

Management and operations consulting firm

ProSidian Consulting is a management and operations consulting firm that helps private companies, Fortune 1000 enterprises, and government agencies solve problems and improve operations through tailored, industry-aligned services. It offers six enterprise practice areas: Risk Management, Energy & Sustainability, Compliance, Business Process, IT Effectiveness, and Human Capital, delivered by multidisciplinary teams across CONUS/OCONUS. The firm follows a structured approach to strategic solutions focused on growth, margin, and efficiency, aligning assets, processes, policies, and people to deliver value. With former Big 4 leadership and a nationwide/overseas footprint, its goal is to translate strategy into execution that boosts clients' return on invested capital and value delivered to customers.

Company size
11-50
Company stage
Not listed
Total funding
Not listed
Headquarters
Charlotte, NC
Founded
2008

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