Senior Consulting Actuary
Senior Consulting Actuary - Multi‑Employer Practice
Consulting Firm
Overview
Our client is seeking an experienced and highly skilled Senior Consulting Actuary to join their Multi‑Employer (Taft‑Hartley) actuarial practice. This leader will serve as the primary actuarial advisor to Boards of Trustees, union representatives, and fund administrators, delivering strategic guidance on funding, plan design, valuation results, and long‑term sustainability of defined benefit and health & welfare plans.
This role is ideal for an actuary with deep Taft‑Hartley expertise, strong client‑facing skills, and a proven ability to manage complex actuarial projects while mentoring junior staff.
Key Responsibilities
Client Consulting & Strategic Advisory
- Serve as the lead actuary for multi‑employer pension and/or health & welfare funds, advising Trustees and labor‑management boards.
- Present complex actuarial concepts clearly during quarterly Board meetings, Trustee education sessions, and special committee discussions.
- Provide insights on plan funding strategies, rehabilitation plans, zone status, contribution strategies, and long‑term financial implications.
- Develop and evaluate de‑risking, plan design changes, benefit modifications, and sustainability strategies.
Actuarial & Technical Expertise
- Oversee annual valuations, projections, experience studies, and actuarial assumption reviews for multi‑employer plans.
- Lead the preparation of actuarial reports, government filings, and regulatory compliance documents (e.g., Form 5500 schedules, PPA certifications, and funding notices).
- Perform scenario modeling, stress testing, and asset/liability analysis specific to Taft‑Hartley plans.
- Ensure accuracy, quality, and actuarial soundness of all deliverables.
Regulatory & Compliance Guidance
- Interpret and apply ERISA, PPA, MPRA, and other regulations impacting multi‑employer plan funding and operations.
- Advise Trustees on legislative changes, regulatory updates, and compliance requirements.
- Support the development of rehabilitation and funding improvement plans where applicable.
Client Management & Relationship Building
- Maintain strong, long‑term relationships with Trustees, union leadership, fund office administrators, and investment consultants.
- Act as a trusted advisor, anticipating client needs and identifying opportunities to strengthen plan governance and financial stability.
- Oversee complex client communications, meeting materials, and actuarial summaries.
Project Leadership & Team Development
- Lead multi‑employer actuarial teams, mentoring junior actuaries and analysts.
- Review work for technical accuracy, clarity, and compliance with internal standards.
- Manage project timelines, deliverables, and workflows across multiple clients.
- Support practice growth through innovation, process improvements, and service enhancements.
Required Qualifications
- FSA, EA, or ASA with multi‑employer experience (EA strongly preferred).
- 7-12+ years of actuarial experience, with at least several years focused on Taft‑Hartley plans.
- Deep knowledge of multi‑employer DB and/or H&W plan funding rules, regulatory requirements, and industry practices.
- Strong presentation skills, with experience leading Board of Trustees meetings.
- Proven ability to manage projects, lead teams, and deliver complex actuarial work.
- Proficiency with actuarial valuation software (e.g., ProVal) and advanced Excel skills.
Preferred Qualifications
- Experience with both pension and health & welfare multi‑employer plans.
- Familiarity with MPRA applications, funding relief strategies, and plan sustainability modeling.
- Knowledge of collective bargaining environments and Trustee governance structures.
- Experience supporting business development or practice expansion initiatives.
Personal Attributes
- Strong communication skills with the ability to translate technical concepts for non‑technical audiences.
- Professional presence and confidence when presenting to Boards and committees.
- Highly analytical, detail‑oriented, and committed to quality.
- Collaborative leader with a client‑first mindset.
What Our Client Offers
- Opportunity to lead high‑impact, high‑visibility Taft‑Hartley actuarial engagements.
- A collaborative and supportive consulting environment.
- Competitive compensation, bonuses, and comprehensive benefits.
- Professional development support and opportunities for practice leadership.
- The chance to shape long‑term strategy and financial outcomes for multi‑employer plans.
FAQs
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