at WTW in Chicago, Illinois, United States
Job Description
The Business
Create your future. Join our Retirement consulting team in providing expertise in retirement and investment consulting to support global organizations in designing, managing, administering, and communicating various retirement plans. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, governing and employee management that fits their specific goals.
Explore an opportunity. Gain direct exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions, and share your brilliant results. In this role, you’ll experience a balance of expanding your technical knowledge and industry expertise, while benefiting from working in a close-knit and supportive team environment.
Accepted applicants will be eligible for a comprehensive exam study program, including paid study hours and exam coaching to assist in attaining the accredited designation of Actuary.
Love your work. You will partner with consultants to provide actuarial support on projects through:
+ Designing, funding, pricing, and the implementation and management of retirement programs
+ Competitive benchmarking analysis of benefit plan designs
+ Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
+ Working with a wide range of associates at all levels within the local practice
+ Performing asset/liability modelling
+ Perform annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients.
+ This entails manipulating data, analyzing data, determining plan liabilities, reconciling plan assets, and determining funding requirements
+ Assist with completion of plan reporting and filing requirements
+ Perform plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements
Requirements:
+ Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0
+ Successful completion of one or more actuarial exams highly preferred
+ Work experience that demonstrates strong technical and/or client service skills
+ Passion for solving problems and sharing solutions to exceed the standards of the client
+ Ability to be a self-starter and work independently, but also cooperatively in a close team environment
+ Excellent oral and written communication skills
+ Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between May 2024 through August 2025
+ Prior summer 2024 WTW internship
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $64,000 – $83,000 USD. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
Health and Welfare Benefits : Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
Leave Benefits : Paid Holidays, Annual Paid Time Off (includes paid state /local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)
Retirement Benefits : Contributory pension plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
EOE, including disability/vets
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