Job Information
Willis Towers Watson US LLC Senior Associate in Seattle, Washington
Senior Associate within Retirement Line of Business at Willis Towers Watson US LLC, in Seattle, WA.
Job Duties:
- Engage in pension and postretirement plan design including annual pension and/or post-retirement medical and life plans valuations; forecasting; asset/liability modeling; pension plan administration; experience studies and solving other retirement-related client issues.
- Calculate and review expense, budgets and year-end disclosures under US GAAP and IFRS for pension and retiree medical plans.
- Perform and review deterministic projection modeling to project long term pension liabilities, contributions and benefit costs for various funding scenarios and serve as a main resource for colleagues.
- Work on various de-risking projects such as SB RAP (small benefit retirement annuity purchase) and plan terminations with data preparation and reconciliation, assumption development and setup, financial impact analyses, and review on accuracy and reasonableness of the results.
- Perform ALM (asset liability management) studies, providing the client with financial funded status update of their qualified, non-qualified, and other post-employment benefits plans, market and regulatory updates and its impact on their plans, and strategy review by performing asset allocation studies to produce absolute and surplus return efficient frontiers and detailed comparison of current and other alternative asset portfolios for clients to consider.
- Perform technical reviews on data, gain and loss analyses, and valuation results prepared by junior colleagues to ensure the accuracy and reasonableness of the work and summarize key results to consultants.
- Review government filings in accordance with FASB, GASB, Department of Labor, ERISA, Pension Protection Act, and other government regulations, prepared by junior associates.
Serve as project manager for multiple projects, leading projects by setting work plans, managing budgets and deadlines, coordinating team members, and ensuring internal and client deadlines are met.
 Requirements:
Bachelor's degree (U.S. or foreign equivalent) in Actuarial Science, Mathematics, or a related field
Four (4) years of experience as an Actuarial Analyst or related role.
Prior experience must include the following:
Reviewing and checking valuation work and complex data analysis for large corporate U.S. defined benefit plans (e.g., 500+ participants) sponsored by Fortune 1000 companies or organizations of similar size.
Contributing to the design, valuation and administration of retirement plans for Fortune 1000 companies or organizations of similar size, including assessing liabilities, preparing cost estimates and core valuations in compliance with the Pension Protection Act, U.S. GAAP and Inter