Retirement Plan Actuary in Philadelphia, PA at CBIZ

Date Posted: 2/5/2021

Job Snapshot

Job Description

With over 100 offices and nearly 5,000 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:  

  • 2020 Best Workplaces in Consulting & Professional Services by Great Place to Work®
  • 2020 Workplace Excellence Seal of Approval by the Alliance for Workplace Excellence
  • Top 101 2020 Best and Brightest Companies to Work For in the Nation
  • 2020 Healthiest 100 Workplace in America
  • 2021 Top Workplaces USA

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 Public Pension Plans, including PA Act 205 Plans. Projects include
    • 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 
    • Preparing valuation funding reports
    • Preparing actuarial studies and benefit statements
  • 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 examinations
  • Review peer technical work flow  
  • Additional responsibilities as assigned

Preferred Qualifications:

  • Bachelor’s degree

Minimum Qualifications: 

  • High School Diploma or GED 
  • Eight or more years of pension actuarial experience
  • Possesses highly advanced and broad understanding of actuarial principles, practices, and procedures
  • Expert knowledge of pertinent laws, regulations, and actuarial standards
  • Expert 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
  • Experience in coaching and teaching others 
  • Enrolled Actuary (EA)
  • Effectively represent positions on issues to gain support and buy-in from others; works to achieve win-win outcomes that others can accept
  • Demonstrate a commitment to professional development by proactively seeking opportunities to develop new capabilities, skills and knowledge
  • Develop innovative approaches to address problems and drive continuous improvement in programs and processes
  • Accept full responsibility for self and contribution as a team member
  • Display a strong commitment to organizational success and inspires others to commit to goals
  • Ability to provide technical leadership to staff
  • Ability to lead cross-functional teams
  • Ability to travel as necessary

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