Actuarial Associate at The Segal Company (Eastern States), Inc. in New York, New York

Job Description:

For nearly 80 years, Segal has been providing employee benefits, retirement plan investment advisory and human resources consulting for multiemployer trust funds, corporations and public sector organizations. Segal is an independent, privately and employee-owned firm. Our independence allows us to provide unbiased consulting services for our clients. Headquartered in New York City, Segal has offices throughout the United States and in Canada. We are a smaller organization that provides a more intense and broader exposure for development purposes within a culture that is highly collegial and team-oriented. You will work with colleagues who are smart, professional, talented and...nice people. We offer a competitive pay and benefits package that includes a defined benefit and matching 401(k) retirement plans.

The Actuarial Associate (Associate) position affords an immediate opportunity to apply analytical, problem-solving, communication and technology skills contributing to the development of solutions to challenging client issues. The Associate will have access to and work under the guidance and mentoring of talented senior level staff and will work independently and on teams to deliver consulting services to a broad and diverse range of defined benefit clients. The Associate will also have the opportunity to work on retiree health assignments. The Associate is encouraged to engage in continual learning and development activities with the goal to advance to higher-level positions and will be supported in pursing progress toward actuarial accreditation through our competitive exam program and policy.

Key Responsibilities:

The Actuarial Associate is responsible for the completion of actuarial valuations for multiemployer pension plans, public pension plans and other actuarial projects under the supervision of experienced actuaries. This may include all aspects of retiree health valuations, as well as special retiree health studies and projects. Projects include but may not be limited to valuation activities and special project work addressing a myriad of unique and emerging retirement plan issues posed by client organizations, as well as reconciling plan participant data, analyzing financial statements, creating and updating valuation programs and spreadsheet applications, and preparing reports with the support of experienced actuaries. Key responsibilities include but may not be limited to:

• Researching and gathering information;


• Reviewing and analyzing work products including plan data and financial statements;


• Providing input to the development of solutions;


• Creating and updating valuation programs and spreadsheet applications;


• Assisting with report preparation and government filings and,


• Working with senior actuary and consultant staff to support their effective presentation of work product to clients.

Key Requirements: 

• An undergraduate degree preferably with a focus in Actuarial Science, Statistics, or Mathematics, or related discipline;


• Actuarial exam progress with successful completion of at least one exam with intention to achieve credentialed status preferred;


• 0-3 years of retirement plan actuarial experience within a consulting and/or insurance company environment (retiree health experience a plus);


• Excellent time management and communication skills, 


• Detail-orientation; organization and analytical skills;


• Demonstrated communication (oral/written) and interpersonal;


• Proficiency using computer software, strong attention to detail and accuracy, and


• The ability to thrive in fast paced environment with multiple deadlines.

At Segal, we are committed to a culture of diversity and inclusiveness and welcome all qualified candidates. We strive to maintain an inclusive workplace, leveraging the power of a diverse workforce to deliver innovative solutions to our clients while maintaining an environment free from discrimination and harassment in strict compliance with the law. Promoting and supporting a diverse and inclusive workforce is a win-win for Segal, its employees and clients and the communities that Segal serves. Equal Opportunity/Affirmative Action Employer: Race/Color/Sex/Sexual Orientation/Gender Identify or Expression/Religion/National Origin/Disability/Vets.