Experienced Actuary Student

Actuarial student who assists more experienced associates and works directly with the client (with appropriate supervision) on most aspects of the work carried out for clients. Will also delegate some work to others.

Specific Accountabilities
 Pass actuarial exams (US and Canada: minimal requirement of one course per year; UK: at least three 100 Series or two 300/400 Series per year)
 Solid administration and staff-level client relationships; developing some relationships with higher level client contacts
 Able to answer some client questions without reliance on lead actuary
 Manage various projects simultaneously, with some oversight
 Completes some work through others (i.e. delegation)
 Beginning to play a role in client meetings
 May work with some consultants from other lines of business
 Prepare contribution requirements and accounting costs, with some oversight
 Update valuation runs for any changes and program provisions from scratch
 Interpret valuation results and provide initial recommendations to lead actuary
 Perform more complicated or review more simple pension benefit calculations
 Take responsibility and uses own initiative to ensure that projects are being completed efficiently and on time
 Coach/train entry level students
 Demonstrate flexibility to work additional hours on occasion when client needs dictate
 Draft original materials (e.g. letters, reports, discussion guides) with some guidance
 Adheres to the firms standards and procedures for quality control (e.g. information storage systems, quality control procedures)

Deliverables and Performance Measures
 Client and billable time (at individual level)
 Feedback from peers, project manager, and those to whom associate reports (and those who may be coached/mentored by associate, if applicable)
 Exam progress
REQUIREMENTS
Education/ Certifications/ Work Experience Required
 Academic background or aptitude in Actuarial Science, Mathematics, Economics or Statistics
 Generally, 2+ years of actuarial work experience
 US and Canada: Completion of several exams, possibly an ASA or EA; UK: well progressed through 100 Series exams

Knowledge Base Required
Actuarial

Technical Competencies/Skills Required
Actuarial Valuations/Funding
 Basic knowledge of funding methods
 Impact of varying assumptions
 Use of valuation software, tailoring, and programming
 Validation and reconciliation of results (e.g. including gain/loss analysis) with guidance
 Minimum and/or maximum funding calculations
 Internal guidance and basic knowledge of some professional guidance
 Understanding the relevant internal tools and models available to help
 Interpreting results
Competencies
 Client Knowledge, Responsiveness & Relationships
 Communication
 Knowledge Management
 Numeracy, Programming & Computer Skills
 Personal Effectiveness, Adaptability & Professionalism
 Problem Solving and Decision Making
 Project Management
 Working With Others


Hewitt Associates is a global outsourcing and consulting firm delivering a complete range of human capital management services to companies, including HR & Benefits Outsourcing, Payroll, Health Management, Retirement & Financial Management, and Talent & Organization Consulting.

Our associates have been instrumental in developing innovative solutions that have helped our clients become some of the most successful companies in the world. Today, our client roster includes more than half of Fortune 500 companies and more than a third of Fortune Global 500 companies.