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Retirement Actuarial Consultant
Job ID#: 13066
Location: Cincinnati, OH
Business Area Retirement/Benefits
Employment Status: Regular Full-Time
Minimum Education: Bachelors Degree
Minimum Experience: 7 years
Go beyond.At Towers Watson, we are more than individuals. We are a community focused on helping our colleagues and clients thrive and succeed. Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, financial and risk management. With 14,000 associates around the world, we offer solutions in the areas of benefits, talent management, rewards, and risk and capital management.
Our Retirement team combines expertise in retirement and investment consulting to support global organizations worldwide in designing, managing, administering and communicating all types of 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 design, funding, investing, governing and employee engagement that fits their specific goals.
Through the use of leading edge tools and research as well as sophisticated thinking, our team can build tailored solutions for clients that balance retirement program risks and costs with plan objectives and opportunities.
This is an exciting opportunity for a motivated individual to accelerate career growth by helping us accelerate growth in this sizeable market. As a Retirement Actuarial Consultant you will apply your consulting, actuarial, and project management expertise in the areas of plan design, compliance and risk & financial management to Fortune 1000 and other tax-exempt organizations of similar size. You will help clients achieve their evolving business objectives by aligning their defined benefit, retiree welfare and defined contribution plans accordingly.
Given the size and complexity of our client portfolio, in addition to core plan management work, you will have the opportunity to support diverse projects related to mergers and acquisitions, plan design and strategy, asset liability studies, forecasting, early retirement windows, global consulting and other special projects as needed.
Deliver superior, consistent project management for assigned clients:
Draft statements of work, project plans and budgets involving multiple workflow streams and client teams
Serve as the day to day project lead, ensuring the progress of the team against established objectives, budget, timeline, deliverables and quality standards
Serve as primary, daily contact to clients on delivery of services
Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution of projects
Interface with colleagues from other practices and regions on assignments that reflect the client’s broader business issues
Manage client expectations and raise appropriate issues to Senior Consultants and Client Relationship Managers
Work alongside senior staff to provide hands-on support establishing credibility and building relationships with significant prospect organizations.
Provide value-added consulting expertise on retirement plan valuation, management and design, financial risk management and funding projects, and special projects involving global consulting, strategic workforce planning and total rewards strategies
Ensure clients are regularly informed about the implications and opportunities that changing laws and regulations have related to their retirement plans
Perform technical check of work products
Contribute to the development of new tools and approaches
Meet revenue and billable hour goals as described by manager
Support the generation of new business as part of the broader team
Participate in prospecting opportunities with new clients as part of a broader team
Directly contribute to clients’ success through applying your technical expertise
Build relationships internally and collaborate effectively on cross-functional teams
Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
Serve as mentor to project team associates
7+ years experience and success delivering retirement/defined benefit consulting services to Fortune 1,000 or organizations of similar size
Proven experience successfully managing multiple projects and producing quality deliverables on time and within budget
Demonstrated success in managing client issues and relationships; some experience in growing relationships with current clients
Strong interpersonal and team skills
Polished and well developed oral and written communication skills
Self-starter attitude and ability to work within ambiguity
Flexibility and proven ability to diagnose and resolve issues
Strong analytical and creative skills
Enjoys training/mentoring junior staff
The ability to see the "big picture," leveraging the resources of related practices to address the clients' business challenges
Intellectual curiosity and the desire to expand one’s business acumen in the retirement and human capital consulting field
Working knowledge of Excel, MS Project, MS Word
BA/BS degree plus ASA and EA designation; significant progress toward FSA desired
Towers Watson is an EEO/AA Employer, M/F/D/V
Towers Watson is an Affirmative Action/Equal Opportunity Employer, M/F/D/V