• Willis Towers Watson
  • $96,345.00 -188,020.00/year*
  • Philadelphia , PA
  • Financial Services - Insurance
  • Full-Time
  • 1103 Market St

In this exciting role as a Senior Analyst within the Actuarial Service Center, you will have the opportunity to enhance your core skills as well as your retirement plan knowledge by working on specific client teams preparing large complex client data, addressing questions, resolving data and plan issues and preparing client deliverables. Using the most cutting edge tools and resources, you will work with industry leaders in retirement plan design and management. Over time, you will get opportunities to serve as a project manager on more complex assignments, lead internal meetings and mentor junior staff.

Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

Client teams within Towers Watson are supported by a network of five actuarial service centers (ASC's) across North America. Given the size and complexity of our client portfolio, you will have the opportunity to support diverse projects related to funding and expense valuations for pension and welfare plans, forecasting, non-discrimination testing, experience studies, accounting for special events, support for plan design and union negotiation projects, proxy statements, government forms, data reconciliations, responses to auditor's requests, etc.

As a Senior Actuarial Analyst you will be accountable for:

* Prepare annual valuations of pension plans and retiree welfare plans
* Non-discrimination testing
* Respond to queries from consultants with respect to plan provisions and valuation results and resolve/escalate any problems or issues
* Complete work in accordance with ERISA, FASB, GASB, IAS, Department of Labor, Pension Protection Act and other Government regulations
* Plan design
* Actuarial pricing to support client negotiations
* Utilize detailed tasks and steps to produce quality projects
* Complete actuarial valuations and prepare valuation reports for consulting offices
* Complete analysis and reconciliations of plan participant data
* Reconcile plan assets
* Prepare government reporting forms
* Prepare annual employee benefit statements

The Requirements:

* Bachelor's Degree required, preferably in a program with heavy emphasis on mathematics
* 3+ years experience performing core actuarial work (e.g. pension valuations, 5500's)
* Actuarial exam support is not provided
* Proven mathematical aptitude
* Advanced proficiency in Microsoft Office (Word, Excel and PowerPoint)
* Previous defined benefit pension experience required
* Well organized and detail oriented, effective time management skills
* Strong written and verbal communication skills and a demonstrated ability to interact with colleagues at all levels
* Strong analytical and integrative skills including the ability to draw conclusions and identify trends from data in a logical, systemic way
* Ability to ask the right questions and seek help where appropriate, good problem solving
* Strong client service orientation
* Ability to apply newly acquired knowledge to future assignments
* Ability to work both independently and on client teams
* Sense of accountability and ability to display initiative in self development

Equal Opportunity Employer/Vet/Disability


Associated topics: actuarial, actuarial assistant, actuarial consultant, actuarial director, analyst, life actuary, mathmatics, probability, retirement actuary, risk

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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