Job Summary

Under limited supervision, uses specialized knowledge and skills obtained through education and experience to prepare financials and financial analysis reports to analyze the financial costs of risk and uncertainty .Evaluation, originality and ingenuity are required to locate, select and apply appropriate procedures, processes and techniques to specific assignments. Uses mathematics, statistics, and financial theory to assess the risk. Regular contact with senior management and other internal customers is required to identify, research, and provide recommendations to minimize the cost of risk.

Essential Duties and Responsibilities

• Perform valuation services for pension and post-retirement medical plans
• Prepare plan design alternatives for pension and post-retirement medical plans
• Prepare and present key findings to clients
• Perform project tasks independently
• Participate in the development of deliverable content that meets the needs of the client
• Anticipate client needs and formulate solutions to client issues
• Prepare deliverables with accuracy and quality
• Provide coaching and mentoring to junior staff
• Manage own personal and professional development; seek opportunities for professional growth and expansion of consulting skills and experiences

 Knowledge, Skills, and Abilities

• Minimum 3-7 years of experience in relevant field, single employer and multiemployer pension plan actuary experience preferred
• Bachelor’s degree in Mathematics, Economics, Statistics or other business related field
• FSA, ASA, and/or EA actuarial designation are preferred
• Member of the American Academy of Actuaries preferred

Knowledge of

• Advanced statistics and modeling software
• Identifying and validating pension plan data
• Experience performing benefit calculations

Skill in

• Identifying patterns and trends in complex sets of data to determine the factors that have an effect on certain types of events.
• Ability to use and develop spreadsheets, databases, and statistical analysis tools

Ability to

• Explain complex technical matters to those without an actuarial background.
• Communicate clearly through the reports and memos that describe their work and recommendations.
• Proficient use and development of spreadsheets, databases, and statistical analysis tools.

This is the pay range that Magnit reasonably expects to pay for this position: $41.25/hour - $55.00/hour

Benefits: Medical, Dental, Vision, 401K