Health Benefits Actuarial Consultant

Job Description

Job Description

Overview

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration.

Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day.

To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.

Responsibilities

This position is responsible for working with junior and senior level actuaries in determining the applicable financial implications associated with employee benefit security programs such as pension plans and post-retirement healthcare plans.

• Review Actuarial Valuations under required governmental regulations and applicable accounting standards for pension and post-retirement healthcare plans
• Monitor and review items related to annual compliance for qualified pension plans
• Review of pension plan benefits certifications
• Use of standard spreadsheet tools and development of non-standard spreadsheets for special projects
• Review annual update of valuation system software and programming for new plans
• Review and/or draft routine correspondence for review by senior level actuaries
• Respond to client inquiries and attend some meetings with senior level actuaries
• Assist with the development of project work plans, timelines, and budgets to ensure client satisfaction
• Assist team in special consulting projects as needed
• As an integral member of the organization, this position is also responsible to provide assistance wherever necessary to help the department and the Company in achieving their goals.
• Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner

Qualifications

Education, Training and Requirements:

• BA/BS degree in Mathematics, Statistics, Actuarial Science, or Economics. ASA/FSA/EA designation or significant progress towards credentials
• All applicants must be 18 years of age or older

Experience:

• Minimum three to five years related work experience

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