Retirement Associate

Description

The Role

As a Retirement Associate for Consulting, they will support the delivery of quality Retirement solutions covering plan valuations, design & review including plan conversions, and other retirement benefit services. The Retirement Associate may also get involved in insurance, health, and other risk projects requiring actuarial support.

Excellence

Performance Objectives:

• Provide technical assistance to the Consultant/Senior Consultant in the following areas:
• Data preparation, validation & reconciliation
• Assumption setting
• Actuarial valuation of retirement plans, including the use of WTW standard valuation software.
• Analysis of valuation results
• Plan benchmarking, design, and costing
• Retirement plan set-up, review, and harmonization
• Benefit projections and individual benefit calculations
• Other projects requiring actuarial skills (other employee benefits, insurance, HMO, etc.)
• Prepare the following reports:
• Actuarial valuation reports for local funding and accounting standards (local and international) purposes
• Comparative plan summaries upon request of clients
• Drafting of plan rules
• Presentation and sales materials
• Assists the Consultant/Senior Consultant in the presentation of results.
• May act as the lead and client’s main contact person within WTW
  

• +3 years experience conducting core valuation work in a client-service-oriented environment with large corporate defined benefit plans; defined contribution plan experience a plus
• Proven experience managing multiple projects within prescribed project guidelines
• Strong client relationship, interpersonal, and team skills
• Strong written and verbal communication skills
• Ability to ask the right questions and seek help where appropriate
• Ability to respond to all communications effectively and on time
• Flexibility and proven ability to diagnose and resolve issues, strong client service orientation
• Demonstrated leadership qualities
• Ability to work both independently and on client teams and enjoy a fast-paced environment
• Sense of accountability; owning one’s work and taking pride in it
• Self-starter: interest in continually challenging oneself and willing to step outside of one’s comfort zone
• Interest and ability to think beyond the task at hand and understand how one’s work fits into the broader landscape
• Strong analytical and integrative skills including the ability to draw conclusions and identify trends from data in a logical, systematic way
• Excellent Microsoft Office skills, particularly Excel.
• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or other related fields
• Significant actuarial exam progress toward AASP/ASA credentials
• Background in accounting, finance, investment, and economics