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Sr. Actuarial Analyst

Newport

in Chicago IL

Description

Who We Are

Newport helps companies offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced and responsive.       

JOB SUMMARY:  The Senior Actuarial Analyst works in teams with other actuaries to deliver actuarial and financial modeling services to our clients.

Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

• Drafts 5500’s for retirement plans and trust accounting.
• Reviews and interprets retirement plan documents.
• Analyzes client data and supports design of terms and structures of transactions.
• Conducts benefit calculations for pension plans.
• Manages and performs pension actuarial calculations
• Works closely with asset custodians to ensure that distributions occur.
• Trains Actuarial Analysts.
• Performs special actuarial projects as assigned.
• Multi-tasks, prioritizes and works effectively in a fast-paced team environment.

Management Responsibilities (none)

 Required Education, Experience and Certificates, Licenses, Registrations

• Bachelor’s degree required in relevant discipline.
• 3-5 years of relevant work experience
• Strong mathematical, analytical and problem solving skills.
• Working knowledge of ProVal software or comparable
• Working knowledge of ASC, Datair or Relius software

 Preferred (but not required) education or skills for this role are

• Industry designations / licenses

 Competencies

• Avid Learner
• Detail Oriented
• Excellent Verbal and Written Communication Skills
• Flexibility
• Hard-Working
• Integrity
• Personable
• Personal Credibility
• Team Player

 TRAVEL: Up to 5%.

 OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

EQUAL OPPORTUNITY EMPLOYER

Newport offers for employment are conditioned upon satisfactory completion of our employment screening process (including, but not limited to, a review of past employment and education records, background investigation, and/or credit check and fingerprints.)

Newport unequivocally rejects racism and discrimination of any kind and fosters an environment of belonging to provide access and opportunity for all.  As an Equal Opportunity Employer we do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identify, gender expression, national origin, age, non-disqualifying physical or mental disability, veteran status, or any other basis covered by applicable law. All employment is decided on the basis of qualifications, merit, and business need.

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