Senior Investment Actuarial Analyst OEB
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Job Location:
Newark, DE - USA
Monthly Salary:
Not Disclosed
Posted on:
13 days ago
Vacancies:
1 Vacancy
Job Summary
Company
Federal Reserve Bank of AtlantaAs an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in the Newark NJ office you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast the United States and the world. The work we do here is important and how we do it is just as important as what we do. We live our values of integrity excellence and respect every day. We do the right thing we do things right and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.Onsite Work Expectations:
The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position and you are required to be onsite according to the schedule set by your management.
Assists with analyses and calculations that will support the maintenance of the Federal Reserves retirement and health and welfare benefits programs. Also participates in the investment of the Systems Retirement and Thrift Plan portfolios particularly as it relates to strategies intended to mitigate financial risk to the System and/or its participants. Must maintain broad-based knowledge and exposure to various aspects of benefits plan management and investments.
Key Responsibilities:
Conduct complex actuarial analyses and calculations to support the maintenance of the Federal Reserves Retirement and Health & Welfare benefits programs.
Facilitate the collection and review of data and data action plan for actuarial reporting and valuation activities. Validate results with appropriate stakeholders.
Participate in the investment of the Systems Retirement and Thrift Plan portfolios with a focus on mitigating financial risk to the System and its participants. Assist in periodic asset class reviews and investment manager RFPs.
Lead research and development of funding analyses for the Retirement Plan.
Collaborate with external partners (e.g. independent actuary) stakeholders plan participants and Federal Reserve System partners (e.g. Finance & Accounting) on various actuarial projects.
Monitor and analyze emerging trends in participant behavior utilization rates etc. and develop recommendations based on findings.
Assist with enhancements to actuarial control processes such as reviewing and balancing controls to ensure accurate and ongoing processes are in place.
Demonstrate expert understanding of asset/liability matching approaches and their application to the Retirement Plan.
Possess a strong understanding of investment markets and principles particularly fixed income and investment strategies relevant to pension actuarial calculations.
Work effectively with cross-functional teams to integrate actuarial and investment insights into broader financial and operational strategies.
Communicate complex actuarial concepts and findings to non-actuarial stakeholders in a clear and concise manner.
Provide mentorship and guidance to junior staff and other team members fostering a culture of learning and professional development. Assist with developing presentations training sessions and ad-hoc analyses for Reserve Bank partners.
Lead processes and projects with measurable outcomes. Lead or contribute to special projects and initiatives that require actuarial expertise ensuring timely and successful completion.
Functional Knowledge Preferences
Strong technical knowledge of ERISA the Internal Revenue Code and applicable regulations and financial accounting standards as they pertain to the Federal Reserves benefit programs.
Understanding of asset/liability matching approaches.
Experience working as or with enrolled investment or healthcare actuaries are desirable.
Experience working with either pension or health & welfare actuarial calculations.
Knowledge of retiree medical funding approaches trusts and accounting.
Some accounting background (particularly as it relates to benefit plans)
Proficiency with a variety of data analysis and data manipulation tools.
Understanding of investment markets and principles (particularly fixed income investments)
Education:
Bachelors degree in mathematics actuarial science accounting management information systems or finance; MBA or Chartered Financial Analyst (CFA) designation preferred.
Experience:
Seven years of experience in the areas of actuarial analysis or statistical development of various pension health & welfare and other accrued benefit plans preferred.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical Dental and Vision)
401K match and a fully funded pension plan
Paid vacation and holidays flexible work environment
Generously subsidized public transportation
Education Assistance Program
Professional development programs training and conferences
And more
This is not necessarily an exhaustive list of all responsibilities duties performance standards or requirements efforts skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies rush jobs change in workload or technological developments).
The Federal Reserve Bank of Atlanta is an equal opportunity employer.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Accounting/Finance Family GroupWork Shift
First (United States of America)The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers ( or through verified Federal Reserve Bank social media channels.
Required Experience:
Senior IC
Key Skills
- SQL
- Python
- Compliance
- Access
- Actuarial Models
- Acturial support
- Data Collection
- Powerpiont
- SAP
- Tableau
- Excel
- Mathematics
- VBA
- Data Analysis
- Statistical Analysis
About Company
One of 12 regional banks in the Federal Reserve System, the Federal Reserve Bank of Kansas City oversees system member banks and bank holding companies in Colorado, Kansas, Nebraska, northern New Mexico, Oklahoma, western Missouri, and Wyoming. The bank also has branch offices in Denv ... View more
