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| Author | Topic: Actuarial entry-level opportunties |
| Ryan Redman |
posted 5/1/08 0:17 AM
Actuarial Student opportunties in Dallas, Tx; Houston, Tx and Newport Beach, Ca! With more than 65 years of experience, Hewitt Associates is a global outsourcing and consulting firm delivering a complete range of human capital management services to companies, including HR and Benefits Outsourcing, HR Strategy and Technology, Health Care, Organizational Change, Retirement and Financial Management, and Talent and Reward Strategies. Do you share our passion for people? Put simply, our business and our passion is people and our mission is to make the world a better place to work. At Hewitt, we have built a world-class company through our ability to solve complex people needs for clients across the globe. And, it's the varied talents of our approximately 24,000 associates in over 30 countries that continue to drive our success and substantial growth. Today, we seek individuals who thrive on important, challenging and always different work. Come grow with us. Job Description The Actuarial Student who assists more experienced associates (with appropriate supervision) on various aspects of the work carried out for clients. Education/Work Experience Required • Academic background in or aptitude for Actuarial Science, Mathematics, Economics or Statistics • Generally, 1-3 years of actuarial work experience • Completion of 1 or more exams Specific Accountabilities • Pass actuarial exams (minimal requirement of one course per year) • Complete work assignments accurately and on time • Develop rapport with staff-level client contacts and administrators • Direct client questions to the appropriate team member as needed • Use initiative to complete repeat work with little direction • Validate and reconcile participant/member data • Develop strong use of computer systems (e.g. valuation systems and spreadsheets) • Update valuation runs for minor changes • Perform basic pension benefit calculations • Demonstrate flexibility to work additional hours on occasion when client needs dictate • Draft basic responses to client queries • Strong proofreading skills • With supervision, provide assistance to others on all basic and some more complex pensions related work (specific examples are set out in the Technical Competency/Skills Required section below) • Completes some work through others (i.e. delegating) • Adheres to the firm’s standards and procedures for quality control (e.g. information storage systems, quality control procedures Technical Competencies/Skills Actuarial Valuations/Funding • Calculation of liability gains and losses • Funding Standard Account amortization schedules • Documentation of results • Schedule B with guidance • PBGC Schedule A with guidance • Very basic knowledge of funding methods • Very basic knowledge of impact of varying assumptions • Use of valuation software • Validation and reconciliation of data • Basic knowledge of internal guidance • Basic understanding of relevant internal tools and models available to help • Basic understanding of methods of reconciling results (e.g. including gain/loss analysis) Benefit Calculations and Actuarial Factors • Ability to read and interpret basic plan documents in order to calculate benefits • Calculation of benefits and factors with guidance • Basic knowledge of internal guidance • Basic understanding of relevant internal tools and models available to help • Excel actuarial add-in functions and PC Annuity Calculator |
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