Job Information
Truist McGriff Senior Consulting Actuary - Pension/Retirement in Greensboro, North Carolina
The position is described below. If you want to apply, click the Apply button at the top or bottom of this page. You'll be required to create an account or sign in to an existing one.
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Lead the delivery of actuarial valuations and administrative services for McGriff clients who sponsor benefit plans, executive plans, and other post-employment benefit plans. Consult with clients on plan design and regulatory issues. Serve as a technical resource for the practice and clients. Participate in the career development of actuarial teammates and perform quality control reviews of junior team member work product.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Serve as a trusted advisor to McGriff clients in the delivery of actuarial solutions for pension and related benefit plans.
Drive revenue growth for the practice and McGriff by actively participating in the business development process and managing revenue from assigned book of business for fee-based actuarial and administrative solutions for pension and related benefit plans.
Collaborate with McGriff Practice Sales Leader, Producers and Partners to develop a robust sales pipeline, share client referrals, and participate on new business opportunities.
Ensure client retention and expand services by maintaining strong client relationships, fulfilling client needs and resolving concerns in a timely and professional manner.
Perform review and certification actuarial valuations and projections, forecasts, accounting valuations, benefits calculations, and other deliverables in accordance with applicable laws, regulations, and Actuarial Standards of Practice.
Evaluate cost and benefit analysis of various plan designs and consult with clients on related plan design decisions. Coordinate non-discrimination record keeping/testing for pension plans (e.g. top-heavy limitations, maximum benefits and contributions, coverage, participation, and non-discrimination testing.) Review and consult on plan documents, plan amendments, trust agreements, Summary Plan Descriptions and other associated material, in the course of plan changes and general operational review and support.
Ensure the timely and accurate completion of client deliverables including actuarial certifications, government forms, benefit calculations, and other services. Peer review work of other actuaries. Be a technical resource to other actuarial services personnel.
Employ excellent verbal and written communication and interpersonal skills to be able to effectively communicate with clients and teammates to impart information and knowledge, and inspire confidence. Develop and deliver presentations to clients and to internal audiences.
Stay abreast of emerging legislation. Actively participate in legislative and compliance steering committees. Must understand the current regulatory and emerging regulatory climate and the resulting impact on clients' benefit programs.
Develop and maintain relevant actuarial models for the practice. Communicate to Practice Leader on and participate in continued process improvement for improved efficiencies, processes, client deliverables, changing actuarial standards, and risk mitigation.
Be a technical resource, trainer, and mentor to other actuarial teammates as they perform the above duties under the actuary's direction. Be a source of motivation to associates and share professional knowledge formally and informally to foster teammate development.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's degree in Actuarial Science, Mathematics, Finance, Computer Science, Statistics, or other analytical field or equivalent education and related training
Associate of the Society of Actuaries
Ten years of experience in an Actuarial Consulting practice or related field
Strong problem solving skills
Exceptional organizational and multiple project management skills
Attention to detail and quality oriented
Ability to effectively work in a team environment
Good analytical and writing skills
Ability to work in a fast paced, deadline oriented environment
Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Ability to travel, occasionally overnight
Preferred Qualifications:
Fellow of the Society of Actuaries
Extensive client consulting or business development experience in an actuarial position
Membership in the Conference of Consulting Actuaries (MCA, FCA) or American Academy of Actuaries (MAAA)
Other advanced Degrees
Industry relevant licensing, professional credentials and continuing education
General Description of Available Benefits for Eligible Employees of TIH:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH’s generous benefit plans, please visit our Benefits site (https://benefits.tihinsurance.com/)
. Eligible employees may have the opportunity to participate in a deferred compensation plan and/or have an ownership interest in TIH in the form of profits interest or capital interest. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
This position is part of TIH.
Truist Financial Corporation has completed the sale of Truist Insurance Holdings (TIH). As a result, TIH is a separate company from Truist Bank as of May 6, 2024. Refer to the news release (https://media.truist.com/2024-05-07-Truist-completes-sale-of-Truist-Insurance-Holdings-and-executes-strategic-balance-sheet-repositioning)
for details.
TIH Insurance Holdings, LP (TIH) supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. TIH is a Drug Free Workplace.
EEO is the Law (https://www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf)
Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdf)
E-Verify (https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf)