Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Build your rewarding career helping others achieve their financial dream at an organization that values your own long-term success. With your unique talents, you have what it takes to be bold and brilliant in everything you do and reach new heights for a company dedicated to diversity and inclusion, community and you.

The Empower Benefit Consulting Services organization is a team of professionals focused on delivering actuarial consulting solutions and services to meet the financial needs of our clients. We are a group that thrives on teamwork, collaboration, and finding unique solutions to address the ever-changing workplace environment. All we need to complete our team is you.

As an Actuarial Associate you will support the delivery of actuarial services for our consulting practice, which includes defined benefit (DB), defined contribution (DC), retiree healthcare (RHC), equity compensation and consumer directed health (CDH) solutions.  For our defined benefit and retiree healthcare clients you will develop an understanding of how to apply applicable retirement law, regulations and procedures to perform routine deliverables.

For our defined contribution clients, you will develop an understanding of the rules and regulations around defined contribution plans along with learning to consult on plan design.

For our equity compensation clients, you will gain an understanding of the various types of equity compensation benefits and how the design of those programs fits into a client's overall compensation package.

For our CDH clients you will gain exposure to the portfolio of options available to high-deductible healthcare coverages to help determine the best fit and optimal design of their healthcare offering.

You will work primarily on recurring and occasionally ad hoc assignments, building productive internal/external working relationships while getting to know our team and company in the process. You may be eligible for support towards actuarial exam progression through our Actuarial Development Program.

What you will do:

• Complete annual funding valuations, government filings, and ASC 715 pension and welfare disclosures for DB and Retiree Health (OPEB) clients’ plans.
• Provide information requested by accountants in connection with plan audits.
• Prepare any necessary information requested by clients with respect to consultative opportunities for DB, DC, Non-Qualified, and OPEB plans.
• Prepare complex non-discrimination testing on DC and DB plans.
• Build knowledge and understanding of DB, DC, Non-Qualified, and OPEB plans, as well as equity compensation and CDH solutions, with the goal of becoming a holistic consultant.

What you will bring:

• Bachelor’s degree in actuarial science, mathematics or finance
• 0-3 years of experience, preferably in the actuarial, retirement, or employee benefits space
• Understanding and knowledge of Microsoft Office suite, including Excel macros/Visual Basic
• Strong analytical mindset and mathematical skills
• Creative problem solving and intellectual curiosity
• Effective written and oral communication skills
• Personal accountability with a strong attention to detail, proactive nature, and an eye toward process improvement
• Ability to successfully work on multiple projects at a time and deliver timely results 
• Ability to thrive in a diverse and collaborative team environment, plus the skills to work independently and efficiently

What will set you apart:

• DB, DC, RHC, CDH and equity compensation product understanding
• Ability to apply basic actuarial principles to resolve retirement plan issues 
• Preferred candidate will have passed at least 2 actuarial exams (support for exam progression is provided through our Actuarial Development Program)
• Knowledge of Microsoft Access, Python & ProVal software are a plus

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance
• Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time — 16 hours per calendar year
• Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) –  BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.

Base Salary Range

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer •  Drug-free workplace

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law. 

***For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.***

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