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Job description
Overview
BPAS is a national provider of retirement plan administration, employee benefit solutions, and fiduciary and trust services. For more than 50 years, we've redefined what it means to be a benefits partner. We combine deep expertise, transparent service, and a people-first approach to make benefit plans easier, smarter, and more effective for everyone involved.
As a financially stable subsidiary of Community Financial Systems, Inc. (NYSE: CBU), we support 10,375 plans, $132 billion in trust assets, $1.3 trillion in fund administration, and more than 980,000 participants in partnership with advisors, trustees, and financial professionals across the nation. One partner. Smarter benefits. Better results.
Responsibilities
The candidate will work within our Health Benefit Consulting Services practice on the health and benefit programs of mid-large size clients.
Essential Skills:
Perform actuarial valuations, including development of retiree-specific claims costs, following applicable accounting standards and actuarial standards of practice, including ASC 715-60, GASB 75, and Statutory accounting
Analyze financial implications associated with active and retiree health benefits programs, including actuarial cost projections for alternative plan designs, contribution strategies, and plan administration
Strong knowledge of Health & Welfare plan designs, funding arrangements, pricing strategies, provider networks, and competitive market practices
Advise clients regarding state and federal statutory, regulatory, and other compliance related issues
Develop active and retiree-specific premium equivalent rates for budgeting and COBRA administration
Develop claims reserves for self-insured plans
Utilize valuation software and programming as well as Microsoft Office suite
Utilize standardized spreadsheet tools and develop customized models for special projects
Interface with clients and communicate resulting analysis both verbally and via written reports
Identify opportunities for new sales or cross-selling potential
Qualifications
Minimum of a Bachelor's degree from an accredited college or university with a major in Mathematics, Statistics, Actuarial Science, Economics or other related field
ASA or FSA credentials
Minimum 8 years experience with GASB 75 retiree health valuation experience preferred
Knowledge of Health & Welfare plan design, pricing strategies, and competitive market practices
Strong analytical, technical, and problem solving skills
Excellent communication skills and client service mentality
Attention to detail, organization, and ability to prioritize in a rapidly changing environment
Ability to manage multiple projects simultaneously and produce high-quality deliverables in a timely manner
Conscientious, self-motivated, and able to work independently as well as collaboratively with a team
Project management experience and aptitude to train, mentor, and review work of entry level actuarial analysts
Competencies:
Well-developed written and oral communication skills
Ability to be highly organized and show an attention to detail
Ability to prioritize work assignments and multitask
Analyze problems and issues and implement solutions or present possible solutions to supervisor
Display a high level competency with Microsoft Word and Excel, as well as personal computer skills and other industry specific software
Other Job Information
Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
The Company is an Affirmative Action, Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, citizenship status, age, disability, genetic information, veteran status, or any other characteristic protected by applicable federal, state or local law.
The Company will make reasonable accommodations for qualified individuals with a disability. If you have a physical or mental impairment and would like to request an accommodation with respect to the application process, please contact the Human Resources Department.
Minimum
USD $80,000.00/Yr.
Maximum
USD $139,633.00/Yr.
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.