Associate Actuary - Actuarial Support (PAS2)ProSidian seeks an Associate Actuary - Actuarial Support (PAS2) (CONUS - Washington, DC (Remote) | Program Manager - Full-Time) to support an engagement for a federally chartered corporation that encourages the continuation and maintenance of voluntary private defined benefit pension plans. The candidate works as part of a team that provides Federal Financial Services Sector-related Management And Operations Consulting Solutions for Actuarial Support for Multi-employer Special Financial Assistance Services.This service supports Capital Markets ProSidian Job Title Sector Clients (For Present / Future Requirements) and ProSidian team members work as part of a team to fulfill requirements for a shall support, lead. Direct engagement teams and contribute to deliverables that assess potential risks of company decisions or situations using statistics, financial theories, and mathematics. In addition, the candidate works as part of a team that provides Federal Financial Services Sector-related Management And Operations Consulting Solutions for Actuarial Support for Multiemployer Special Financial Assistance Services. Their duties include estimating probabilities of the success of certain business decisions, projecting costs of potential natural disasters, deaths, or sicknesses of company employees, and designing insurance policies or business strategies to reduce their financial risks.The Associate Actuary shall be a data-driven professional interested in working with market-leading tools and technology to support, lead. Direct engagement teams, contribute guidance, and support clients' requirements and Engagement Teams of professionals who help clients assess benefit program and organizational risk by leveraging advanced analytics within their federal and public sector organization's environment. This role offers the opportunity to advise clients through critical and complex benefit and risk issues while allowing you to develop personally and professionally.Other duties and responsibilities include:Studying statistical data to create an analysisCreating estimates of probability and likely costs for a given event such as death, natural disaster, or sickness.Calculating how insurance policies for different types of coverage are likely to payoutGenerating charts and presenting them at meetings along with explaining the informationAnalyzing reports to determine next steps for the company or clientParticipate in and lead the development of deliverable content that meets the needs of the client and contractAnticipate client needs and formulate solutions to client issuesReview deliverables for accuracy and qualityProvide coaching to junior staffContribute to new business proposals and proposal developmentManage own personal and professional development; seeks opportunities for professional growth and expansion of consulting skills and experiencesThis position shall be designated "Key Personnel." The key personnel are essential to the successful performance of the contract and will assure consistent management control and direction. As a condition of employment, the Associate Actuary is required to maintain Govt. | Client Data in the strictest confidence and agrees not to publish, reproduce, or otherwise divulge Govt. | Client Data in whole or in part, any manner or form, nor to authorize or permit others to do so, taking such reasonable measures as are necessary to limit access to Govt. | Client Data to those contractor employees needing such information to perform the work required under this contract.Associate Actuary - Actuarial Support (PAS2) Candidates shall work to support requirements for (Actuarial Support Services) and contribute to client deliverables related to Performance Area I: Special Financial Assistance (SFA) implementation reporting and monitoring as well as Special Financial Assistance (SFA) application reviews. In addition, provide Surge Support as part of Performance Area II for Multiemployer Special Financial Assistance (SFA) Actuarial Support: B1) Performance Area II: Surge Support: The Contracting Officer may unilaterally execute all or a portion of this optional task area by formal modification of the contract. The ProSidian Team shall not perform work under this section without a formal modification to the contract executed by the Contracting Officer. B2) Performance Area II: Overflow Work: The ProSidian Team shall provide the services described above under Performance Area 1, in section 2.5.1 Special Financial Assistance (SFA) implementation, reporting, and monitoring, and section 2.5.2 Special Financial Assistance (SFA) application reviews, when surge support is required to cope with periods of unanticipated workload increase and/or to provide for additional skill sets or additional hours of service to support increased mission requirements of sections 2.5.1 and 2.5.2. B3) Performance Area II: Related Special Projects: Special projects represent a small portion of surge support but are not limited to the following: Litigation Support: In some instances, litigation support (testimony, depositions, etc.) defending The ProSidian Team's work or concerning other actuarial issues may require the PBGC. Analysis of legislation proposals: The ProSidian Team shall provide support as needed to analyze the impact of proposed laws impacting either single employer or multiemployer pension plans. Other Assistance as Needed: This may include but is not limited to, training on pension laws and regulations that undergo changes impacting work, analysis of the appropriateness of actuarial assumptions, and additional work to support PBGC's financial statements.Qualifications ASSOCIATE ACTUARY SKILLS AND QUALIFICATIONS Minimum Actuarial Qualifications: FSA | Minimum Pension Experience: 8 years | Minimum Pension Experience since receiving Credentials: 2 years.
Experience with the valuation of ongoing single employer and/or multiemployer defined benefit pension plans, including some experience in the valuation of plans with complex features such as cash balance plans or plans with early retirement supplements.Bachelor's degree in Mathematics, Economics, Statistics or other business related field3+ years of relevant consulting or industry experienceProficiency in word processing, spreadsheet, and presentation creation tools, as well as Internet research toolsExperience identifying and validating pension plan dataExperience performing pension plan calculationsAttained or working towards attaining actuarial credentials such as ASA, EA, or FSA Must be able to obtain and maintain required clearance for this role The Associate Actuary will use various skills to perform their job duties effectively, which can include: Knowledge of statistics, probability and calculusStrong written and verbal communication skills to clearly relay information to other employees at the company or the clientAnalytical skills to determine specifics of insurance policies and avoid any errors that would lead to negative consequencesExperience with computers and statistical modeling softwareKnowledge of business and financial conceptsOrganizational skills to keep track of multiple projects or cases at a time PREFERRED ASSOCIATE ACTUARY QUALIFICATIONS: A qualified Associate Actuary candidate for the position of will have, at a minimum, a bachelor's degree in actuarial science or a degree in a related field, such as mathematics or statistics. Some actuaries may decide to pursue further education and obtain a master's degree in actuarial science.Python experienceKnowledge and experience with/of multiemployer defined benefit plans; Employee Retirement Income Security Act (ERISA), defined benefit plan limitations and guidelines, defined benefit plan assets to pay benefits.Experience and tools for Financial Analysis, Change Management, Restructuring Actuarial Analysis, Restructuring NegotiationsExperience and tools for Census Data Analysis, Documentation Of Standard Procedures, Management Reports TrackingExperience and tools for Financial And Actuarial Analysis, Case Reporting, Contribution Projections, Data Analysis, Actuarial CalculationsExperience and tools for working on multiemployer pension plan data and/or familiarity with multiemployer pension plansAbility to support consultations on pension plan administration leading practices, including process and operational efficienciesExperience working independently with minimal supervision and guidanceStrong problem solving and troubleshooting skills with experience exercising mature judgmentProven experience effectively prioritizing workload to meet deadlines and work objectivesDemonstrated ability to write clearly, succinctly, and in a manner that appeals to a wide audienceU.S. Citizenship Required - You must be a United States CitizenExcellent oral and written communication skills (This employer participates in the e-Verify program)Proficient with Microsoft Office Products (Microsoft Word, Excel, PowerPoint, Publisher, & Adobe)All ProSidian staff must be determined eligible for a "Facility Access Authorization" (