Actuarial Managing Consultant | Pensions in Philadelphia at CBIZ

Date Posted: 5/16/2023

Job Snapshot

Job Description

With over 120 offices and nearly 7,000 associates in major metropolitan areas and suburban cities throughout the U.S. CBIZ (NYSE: CBZ) delivers top-level financial and employee business services to organizations of all sizes, as well as individual clients, by providing national-caliber expertise combined with highly personalized service delivered at the local level.       

CBIZ has been honored to be the recipient of several national recognitions:     

  • 2022 Best and Brightest Companies to Work for in the Nation    

  • 2023 Top Workplaces USA    

  • 2022 America's Best Mid-Size Employers    

  • 2022 Best and Brightest Companies in Wellness    

  • 2022 Great Place to Work Certification    

CBIZ Benefits & Insurance Services is a division of CBIZ, Inc., providing benefits consulting, HRIS technology, payroll, human capital management, property and casualty, talent and compensation solutions, and retirement plan services to organizations of all sizes. CBIZ is ranked as a Top 20 Largest Broker of U.S. Business (Business Insurance Magazine) and a Top 100 Retirement Plan Adviser (PLANADVISER).  

Essential Functions and Primary Duties:

  • Manage projects related to the performance of annual actuarial work for DB and DB/DC combo plans, which includes:
    • Census data gathering, reconciliation, quality control, and importation onto valuation software
    • Examination and verification of retirement trust financial statements, compute actuarial value of assets for valuation
    • Running actuarial valuations and summarizing results for review 
    • Filing IRS Forms and PBGC filings
    • Preparing valuation funding reports
    • Preparing actuarial studies and benefit statements
    • Coverage and non-discrimination testing
  • Lead client meetings to identify client's needs, clarify expectations, help set retirement strategic directions and goals, and deliver results and consulting advice
  • Track and meet all compliance standards
  • Assist with special actuarial projects
  • Review client invoices for completeness and accuracy
  • Understand and assist in the interpretation of plan documents
  • Provide technical knowledge of pension plans and calculation procedures to Benefits Administration Team for various clients
  • Apply understanding of fundamental principles of pension plans, actuarial concepts, pension legislation, and accounting requirements for pension plans
  • Pursue actuarial or ASPPA examinations
  • Review peer technical work flow 
  • Additional responsibilities as assigned

Preferred Qualifications:

  • Bachelor’s degree 

Minimum Qualifications: 

  • High School Diploma or GED 
  • At least six years of actuarial or outsourcing pension experience
  • Possesses comprehensive knowledge of industry and professional concepts, principles, practices, and procedures
  • Expert knowledge of pertinent laws, regulations, and professional standards
  • Proficient use of applicable technology
  • Proficient use of MS Office Suite (Outlook, Word, Excel, PowerPoint) and enterprise communication and travel solutions (Concur, Skype)
  • Experience performing work that requires initiative and leadership skills
  • Working towards Enrolled Actuary (EA)
  • Ability to contract with and influence leaders in the organization, good at networking, collaboration and sharing of ideas and successes
  • Strong problem solver with good business analysis skills (e.g. build business cases, develop and implement plans for business cases, ask probative questions to identify requirements)
  • Ability to handle and prioritize multiple simultaneous assignments, manage to critical deadlines, with extraordinary attention to detail
  • Demonstrate an open-minded approach to understanding people regardless of differences; effectively works with people from diverse backgrounds
  • Address conflicts by focusing on the issues at hand to develop effective solutions when disputes or disagreements occur
  • Accept full responsibility for self and contribution as a team member
  • Ability to travel as necessary


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CBIZ is an affirmative action-equal opportunity employer and reviews applications for employment without regard to the applicant’s race, color, religion, national origin, ancestry, age, gender, gender identity, marital status, military status, veteran status, sexual orientation, disability, or medical condition or any other reason prohibited by law. If you would like more information about your EEO rights as an applicant under the law, please visit these following pages EEO is the Law and EEO is the Law Supplement.