Senior Actuarial Consultant Employee Benefits - Full-time

 

Spring Consulting Group, LLC, an Alera Company, is looking for aspiring actuaries to join our growing team. As an actuarial analyst, you will work within a team to develop solutions for clients offering employee health, life, disability and pension benefits. This position will based in our Boston office. Remote candidates will be considered.

 

Company Background:           

Spring provides strategic consulting services, including actuarial consulting to major employers, associations and insurance and financial services organizations throughout the world.  Our consulting team has extensive industry experience in areas such as risk management, actuarial, health care, life insurance, disability and absence management, property & casualty insurance, retirement and pension services.  In addition, the firm provides strategic consultation directly to employers on the use of captive insurance facilities in the employee benefits and property & casualty area.  Formerly the U.S. Strategy Consulting unit of Watson Wyatt Insurance & Financial Services, Inc., Spring was founded by the management team in 2004.

 

Spring became part of Alera Group in 2018. Alera Group is a privately-held firm based out of Deerfield, Illinois. Alera Group is a leading independent national employee benefits, property and casualty, risk management and wealth management firm created through a merger of 24 like-minded entrepreneurial firms across the United States. Today, Alera has over 4,000 employees and continues to grow. We provide our clients with the best of both worlds – national scope combined with local service. Our mission is to transform the client experience by providing a greater depth and breadth of resources, innovative thinking and constant collaboration, while maintaining strong local relationships.

Position Responsibilities:     

You will join the actuarial team and work closely with senior actuaries and consultants in the following areas:

• Review and prepare data for use in actuarial analyses
• Develop actuarial analyses of cost projections, program design and rate setting for employee healthcare, life insurance and disability insurance plans
• Prepare captive insurer feasibility studies building on client historical experience and desired plan designs, administrative and reinsurance arrangements
• Prepare client and captive reserves and financial projections including stochastic modeling
• Conduct pension, retiree medical and other employee benefit valuations and year-end accounting reports, as well as client specific funding solutions
• Analyze medical stop loss arrangements and coordinate with carriers to secure optimal stop loss coverage for clients
• Prepare client reports, including annual stewardship reports and monthly financial reporting
• Develop and maintain client, carrier and reinsurance relationships
• Peer review work of others on team
• Support intellectual capital development within firm
• Correspond with clients, including data gathering, discussion of issues and presentations at meetings

Candidate Qualifications:      

The ideal candidate will have the following attributes:

 

• Completion of exams: ASA or close to it
• 4+ years of working actuarial experience
• Proven ability to manage multiple projects, deliver high quality work to clients on a timely basis
• Superior capability to analyze data, interpret findings and effectively communicate results
• Demonstrated ability to build and interpret analytical models
• Strong written and verbal communication skills
• Strong proficiency with Microsoft Excel, Word, PowerPoint and actuarial modeling tools
• High degree of customer focus and responsiveness
• Ability to deliver high quality work on deadline as both an individual contributor and as a team member
• Flexibility and energy to work in a dynamic, fast-paced, team environment

 

Salary is commensurate with experience and includes very competitive benefits.

..PandoLogic. Keywords: Actuarial Consultant, Location: BOSTON, MA - 02108