Analyst

At Community Financial System, Inc. (CFSI), we provide friendly, personalized, high-quality financial services and products through our retail division, Community Bank, N.A., which operates over 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. In addition to retail banking, we offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration. We are committed to our employees, offering competitive compensation, great benefits, and professional development and advancement opportunities.

Responsibilities

• Work with junior and senior level actuaries to determine financial implications associated with employee benefit security programs such as pension plans and post-retirement healthcare plans.
• Perform actuarial valuations under required governmental regulations and applicable accounting standards for pension and post-retirement healthcare plans.
• Monitor and prepare items related to annual compliance for qualified pension plans.
• Prepare pension plan benefits certifications.
• Assist team in special consulting projects as needed.
• Use standard spreadsheet tools and develop non-standard spreadsheets for special projects.
• Annually update valuation system software and program for new plans.
• Draft correspondence for review by junior and senior level actuaries.
• Respond to client inquiries and begin to develop client relationships.
• Coordinate generation of actuarial reports and client presentations with administrative staff.
• Evaluate work products and exercise independent judgment to determine suitability for escalation.
• Apply standards and procedures to specific projects.
• Identify issues in need of refinement and offer solutions.
• Provide assistance wherever necessary to help the department and the company achieve their goals.
• Maintain proficient knowledge of, and demonstrate ongoing compliance with, all laws and regulations applicable to this position.
• Ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all training requirements in a timely manner.

Qualifications

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or Economics from an accredited college or university.
• Minimum GPA of 3.2 overall or 3.5 in major.
• Completion of at least one actuarial exam sponsored by the Society of Actuaries.
• Well-developed written and oral communication skills.
• Highly organized with strong attention to detail.
• Ability to prioritize work assignments and multitask.
• High competency with Microsoft Word and Excel, personal computer skills, and industry-specific software.
• Analytical skills to identify problems and propose solutions.
• Minimum six months of relevant work experience.
• All applicants must be 18 years of age or older.

Benefits

• 11 paid holidays
• Paid vacation
• Medical, vision, and dental insurance
• 401K with generous match
• Pension plan
• Tuition reimbursement
• Banking discounts

Pay

Minimum USD $23.30/Hr. Maximum USD $35.07/Hr.

Schedule

40 hours a week