Sr Actuarial Consultant

Ascensus is looking for actuarial professionals who possess the technical expertise in US pensions that align with our commitment to delivering exceptional quality through a customer-centric approach. You’ll have an enriching experience collaborating with seasoned professionals and gaining invaluable insights and experience in the retirement industry. Our teams are empowered by our comprehensive study policy, designed to support your career journey in obtaining actuarial credentials through IAI, IFOA, SOA, and ASPPA. With our structured training programs, you will be well-prepared to integrate and manage Defined Benefit plans within broader retirement products and strategies across our organization.

Joining Ascensus means embracing a unique opportunity to grow professionally, having work-life balance, and a place you can bring your whole self to work every day. We look forward to welcoming you to contribute to our success and make a meaningful impact to our noble purpose – helping people save for those important miles stones in their lives.

About Ascensus:

We are the largest independent recordkeeping services partner, third-party administrator, and government and health savings facilitator in the United States. We’re also one of the savings plan industry’s leading providers of outsourced services. Our combination of purpose-built technology and deep expertise enables our partners to deliver industry-leading solutions that help people save for what matters: retirement, education, and healthcare. We support qualified retirement plans and Individual Retirement Accounts (IRAs) through partnerships with top financial institutions, banks, credit unions, and advisors.

About Ascensus (India) – We have great growth strategy and looking forward to development and achieve organization objectives. We are setting an Operations in Hyderabad and looking at growth prospects. We have loans and distributions, Compliance (DC) and Defined Benefit Process in India currently. We are also looking to grow in other departments as well.

Roles & Responsibility:

• Conduct benefit calculations for pension plans.
• Performs special actuarial projects as assigned.
• Draft data requests, perform data analysis and assess inconsistencies
• Prepare valuation data using Excel or Software application
• Perform detailed actuarial gain/loss analysis and analyze changes in the liability
• Determine valuation assumptions, apply/update on valuation system
• Prepare valuation reports, Government Forms for regulatory reporting.
• Assist with other special ad hoc projects.
• Assist junior team members in their work and help grooming them
• Review work completed by junior colleagues
• Think critically about process flow, identify opportunity/gaps to streamline/improvement and take lead.
• Involve in work transition, help develop training materials and deliver training to team members.
  
  

• Bachelor’s degree in Actuarial Science/Statistics/Mathematics with 60%+ marks
• Actuarial exam progress will be an advantage
• Would be able to manage a team and train the Juniors
• Excellent communication and problem-solving skills
• Excellent cognitive ability, analytical skills, organization, and recall
• Ability to work in a fast-paced environment
• Ability to adapt to changes in the work environment
• Flexibility in work culture (Example – She/he should be flexible in Day/Night shift based on business requirement)