Actuarial Intern

2 weeks ago

Towson, United States Bolton Partners Inc Full time
Job Title: Actuarial Intern

Reports To: Senior Consulting Actuary

FLSA Status: Non-Exempt

Department: Retirement

Location: Towson

At Bolton, we specialize in employee benefits, actuarial, retirement, investment, and compensation consulting. With over 100 professionals, we serve a unique and intriguing client base that spans public sector, multiemployer, and corporate landscapes. Bolton is headquartered in Towson, MD, with 6 additional office locations throughout the U.S.

We are dedicated to attracting the best talent and providing an organization of continuous learning, professional mastery, and integrity so that our team reaches their full potential and can make the biggest impact where they live, work and play.

The Actuarial Intern will provide actuarial valuation and plan administration support to private and public sector defined benefit and postretirement medical plans.

Requirements

Essential Duties and Responsibilities:

The following list of duties and responsibilities are examples of the work successful candidates will be asked to perform. Candidates may not be involved with all of these functions as a regular part of their duties.
  1. Preparation of actuarial valuations for pension and postretirement medical plans
  2. Review and update of data for actuarial valuations
  3. Reconciliation of annual asset statement data
  4. Preparation of required IRS and PBGC filings and participant notifications
  5. Calculation of benefits for plan participants
  6. Assist with preparation of special studies and actuarial analysis
  7. Analyze, summarize and create graphical representations of large, complex data sets

Qualifications:

High school diploma or general education degree (GED); or one to three months related experience and/or training; or equivalent combination of education and experience. College students that are enrolled in a degree program related to actuarial science, mathematics, statistics, risk management, or other similar subject matter who has an interest in a career in actuarial science. We do not require a specific number of years of post-high school education but will give preference to those entering senior or junior year of college or enrolled in a post-graduate degree program.

Salary Description

$25/hour