2022 Actuarial Valuation Analyst (Jun 2022)

The Role

As an Actuarial Analyst, you will have the opportunity to enhance your core skills as well as your retirement plan knowledge by working on different retirement plans, preparing large complex client data, addressing questions, resolving data and plan issues and preparing client deliverables.  Over time, you will get opportunities to serve as a project manager on more complex assignments, lead internal meetings and mentor junior staff.

  
Excellence

• Prepare valuations of pension plans and retiree welfare plans for consulting offices
• Respond to queries from consultants with respect to plan provisions and valuation results and resolve/escalate any problems or issues
• Complete work in accordance with accounting standards and government regulations applicable to the plan
• Utilize detailed tasks and steps to produce quality projects
• Complete analysis and reconciliations of plan participant data
• Reconcile plan assets
• Manages the timeline for some small projects or components of larger projects.
• Performs technical review of standard/complex projects.
• Identifies and communicates technical/analytical issues to project teams.
• Supervises new hires and less-experienced associates on a project basis.
• Allocates/co-ordinates work among project hires, interns and new associates
• Actively participate in team and project planning and suggests improvements based on observed best practices.
• Serve as a primary doer and liaise effectively with consultants and actuaries regarding data collection and project execution required for global accounting consolidation projects
• Prepare the first draft of deliverables for review by the consultant in accordance to project deadlines

People

• Build relationships internally and collaborate effectively on cross-functional teams
• Demonstrate natural ease and effectiveness when dealing with associates in other Towers Watson offices
• Provides (ongoing) on-the-job training to project hires, interns and junior associates on routine projects, including basic tools, issues and concepts.
• Mentors and manages junior associates in regards to budgets, timelines and Excellence standards.
• Act as feedback provider on a performance review of junior associates and new associates for regularization.

Clients

• Work with Project Leader to ensure that each project is completed on time and meets quality standards
• Respond to all requests and communications effectively and efficiently
• Identifies and leads communication with consulting team on project results, providing analysis of results, and potential issues and responding to inquiries.

Financial

• Meet chargeable hours targets
• Contribute to profitability by preparing project budgets, monitoring own time spent on the project and maintaining accurate time records
• Ensures projects are consistently correct, on time and within budget. Notifies the project manager of potential write-offs and identifies the need to modify the scope on a project to address unanticipated issues.
• Increase efficiency within teams by identifying ways to improve processes
• Allocates/co-ordinates work among project hires, interns and new associates
• Actively participate in team and project planning and suggests improvements based on observed best practices.

The Requirements

• Bachelor’s Degree is required, preferably in a program with a heavy emphasis on mathematics, statistics or engineering
• Fresh Graduates are welcome to apply
• Or those with at least 2 years of work experience in a Senior Actuarial role
• Proven mathematical aptitude
• Advanced proficiency in Microsoft Office (Word, Excel and PowerPoint)
• Previous defined benefit pension experience required
• Well organized and detail-oriented, effective time management skills
• Strong written and verbal communication skills and a demonstrated ability to interact with colleagues at all levels
• Strong analytical and integrative skills including the ability to draw conclusions and identify trends from data in a logical, systemic way
• Ability to ask the right questions and seek help where appropriate, good problem solving
• Strong client service orientation
• Ability to apply newly acquired knowledge to future assignments
• Ability to work both independently and on client teams
• Sense of accountability and ability to display initiative in self-development
• Actuarial exams/designation, a plus

WTW is an Equal Opportunity Employer