Health Benefits Actuarial Consultant

About the Company

Community Financial System, Inc. (CFSI) is dedicated to providing 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. We offer competitive compensation, great benefits, and professional development and advancement opportunities to support long and successful careers.

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.
• 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 pension plan benefits certifications.
• Use standard spreadsheet tools and develop non-standard spreadsheets for special projects.
• Review annual updates of valuation system software and programming for new plans.
• Review and/or draft routine correspondence for senior level actuaries.
• Respond to client inquiries and attend meetings with senior level actuaries.
• Assist with the development of project work plans, timelines, and budgets to ensure client satisfaction.
• Assist the team in special consulting projects as needed.
• 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 policies, procedures, and internal controls, and meet all training requirements in a timely manner.

Requirements

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

Experience

Minimum three to five years of related work experience.

Skills

• Well-developed written and oral communication skills.
• Highly organized with strong attention to detail.
• Ability to prioritize work assignments and multitask.
• Analyze problems and issues, implement solutions, or present possible solutions to a supervisor.
• High-level competency with Microsoft Word and Excel, personal computer skills, and other industry-specific software.

Benefits

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

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 these functions.