Retirement Associate Experienced- Lincolnshire, IL
Aon Hewitt - Lincolnshire, IL

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Specific Accountabilities
  • Pass actuarial exams (minimal requirement of one course per year)
  • Solid administration and staff-level client relationships; developing some relationships with higher level client contacts
  • Able to answer some client questions without reliance on lead actuary
  • Completes some work through others (i.e. delegation)
  • Beginning to play a role in client meetings
  • Prepare contribution requirements and accounting costs, with some oversight
  • Update valuation runs for any changes and program provisions from scratch
  • Interpret valuation results and provide initial recommendations to lead actuary
  • Perform more complicated or review more simple pension benefit calculations
  • Coach/train entry level students
  • Demonstrate flexibility to work additional hours on occasion when client needs dictate
  • Draft original materials (e.g. letters, reports, discussion guides) with some guidance
Technical Competencies/Skills
  • Valuation programming on ProVal system
  • Basic knowledge of funding methods
  • Use of valuation software, tailoring, and programming
  • Minimum and/or maximum funding calculations
  • Reconciliation of liability gains and losses
  • Maximum deductible contribution
  • Schedule B and coordination with 5500
  • PBGC Schedule A
  • Asset/liability projections
  • Demographic reporting tools on ProVal/Excel systems
  • Applicability and calculation of ERISA 4011
  • Non-discrimination testing
  • FAS 87 Accounting and FAS 132 Disclosure
  • Basic knowledge of FAS 88 Accounting for Settlements and Curtailments
  • FAS 106 Accounting for Post-retirement Medical and Life Insurance Benefits
  • Program new provisions in ProVal and develop cost impact of changes
  • Ability to read and interpret plan documents in order to calculate benefits
  • Calculation of benefits and factors with very little guidance
Qualifications

Academic background or aptitude in Actuarial Science, Mathematics, Economics or Statistics with 2+ years of actuarial work experience and completion of several exams, possibly an ASA or EA.

Aon Hewitt - 17 months ago - save job - block
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Aon plc is a multinational corporation headquartered in London, United Kingdom, that provides risk management services, insurance and...