Retirement Actuarial Analyst
Towers Watson 180 reviews - Chicago, IL

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Towers Watson retirement consultants have deep experience working with organizations of all types and sizes. We've worked closely with clients to develop some of the most advanced benefit design techniques currently in use. We combine expertise in retirement and investment consulting to support organizations worldwide in designing, managing, administering and communicating all types of retirement plans.

As a Retirement Analyst you will work as part of a team on a wide variety of complex projects. You will serve as a key resource working with the consultant in charge of each of your engagements, performing many intricate aspects of the client work. As you grow and gain more expertise, you will become a key contact for the client and will take on a larger project manager role within the team.

You will contribute to varied and interesting projects such as:
 Defined benefit and contribution plan design and strategy
 Asset/liability modelling and broader risk management work
 Global consulting, strategic workforce planning and total rewards strategies

Performance Objectives:

 Serve as primary resource and liaise effectively with colleagues and clients regarding data collection, analyses, and project execution required for:
 Large plan valuations
 Completion of Form 5500s and other Government filings
 Non-discrimination testing
 Complete work in accordance with ERISA, FASB, GASB, Department of Labor, Pension Protection Act and other Government regulations
 Seek and participate in key learning and development opportunities/maintain steady progress through exams
 Contribute to due diligence for mergers and acquisitions including estimating costs and challenges of integration
 Contribute to retirement plan risk assessment and mitigation
 Perform analyses on the cost of collective bargaining agreements and their impact
 Prepare the first draft of deliverables on the larger, more complex client project

 Build relationships internally and collaborate effectively on cross-functional teams
 Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
 Mentor junior staff as appropriate

 Deliver work in accordance to project deadlines
 Deliver on projects to meet or exceed client expectations
 Increase efficiency within client teams by identifying ways to improve processes
 Begin to serve as the project manager and main liaison to the consultant which includes:
 Creating project plans
 Monitoring progress to deadlines and budget
 Scheduling and managing weekly/bi-weekly status meeting calls
 Ensuring appropriate and effective communication among team members and the client

 Meet chargeable hours targets
 Contribute to sales and marketing efforts by drafting proposals and responding to RFPs

 Experience doing core valuation work and experience in a client-service oriented environment with corporate defined benefit/defined contribution plans
 Well organized and detail oriented
 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 in a timely manner
 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 willingness 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 ability to draw conclusions and identify trends from data in a logical, systematic way
 Excellent Microsoft Office skills, particularly in Access and Excel
 Bachelors Degree required
 Actuarial exam progress toward ASA and/or EA credentials

About this company
180 reviews
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