Retirement Senior Actuarial Analyst
Towers Watson 3.9180 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 Sr. Analyst you will apply your actuarial and project management expertise in the delivery of complex projects for Fortune 1000 and other not-for-profit organizations of similar size. You will help clients achieve their evolving business objectives by aligning their defined benefit, retiree welfare and defined contribution plans accordingly. Given the size and complexity of our client portfolio, you will also have the opportunity to support diverse projects related to mergers & acquisitions, plan design and strategy, asset liability studies, forecasting, early retirement windows, global consulting and other special projects as needed.
As you grow and gain more expertise, you will play an increasingly larger role with clients.

Performance Objectives:

  • Manage the execution of data collection, analyses and finalization of work product required for:
  • Large defined benefit and retiree medical plan valuations
  • Completion of Form 5500s and other Government filings
  • Non-discrimination testing
  • Special projects such as plan re-design, asset/liability modelling, retirement plan risk assessment and mitigation, due diligence for mergers and acquisitions, collective bargaining agreements, global consulting, strategic workplace planning and total rewards strategies
  • 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
  • Perform technical check of work product
  • Contribute to the development of new tools and approaches
  • 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
  • Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution of projects
  • Manage client expectations and raise appropriate issues to Senior Consultants and Client Relationship Managers
  • Increase efficiency within client teams by identifying ways to improve processes
  • 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
  • Meet chargeable hours targets
  • Contribute to sales and marketing efforts by drafting proposals and responding to RFPs
  • 4+ years experience doing 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 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
  • Significant actuarial exam progress toward ASA and EA credentials
Towers Watson is an EEO/AA Employer, M/F/D/V

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3.9180 reviews
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