Bean HR Consulting
Website:
beanhr.com
Job details:
Job Description – Actuarial Analyst (US Pension)
Location: Gurgaon – Hybrid
Experience: 1–4 Years
Notice Period: Immediate Joiners preferred
Maximum: 30 Days Notice
Role Overview
We are looking for Actuarial professionals with experience in the US Pension domain to support pension actuarial valuation and pension administration projects for US Defined Benefit (DB) plans.
The candidate will work closely with actuarial teams on pension valuations, actuarial liability calculations, funding updates, pension administration, and compliance reporting. The role requires strong analytical skills, excellent data handling capability, and hands-on expertise in either ProVal or ProAdmin.
Mandatory Skills (Priority Order)
- Hands-on experience in ProVal or ProAdmin (Mandatory)
- Strong knowledge of US Pension / Defined Benefit (DB) Plans
- Minimum 2 actuarial papers cleared
- Experience in pension valuation or pension administration projects
- Experience in converting plan documents into system configuration
- Ability to code benefit formulas, expressions, and scheme rules
- Strong Excel skills
- Strong SQL skills (mandatory for ProAdmin role)
- Experience in actuarial liability calculations and variance analysis
- Validation and reconciliation through manual calculations/checks
Key Responsibilities
ProVal (DB Pension Valuation Tool)
- Perform actuarial valuation of US Defined Benefit (DB) pension plans
- Convert pension plans into ProVal based on plan documents or scoping guides
- Code system logic as per scheme rules and benefit formulas for valuation runs
- Validate outputs through manual liability checks
- Prepare funding updates, roll-forwards, and change-of-basis calculations
- Perform variance analysis for actuarial gains/losses and assumption updates
- Reconcile benefit payments, income, and funding positions
- Support pension accounting, disclosures, and Form 5500 filings
- Strong data handling skills using Excel and Word
ProAdmin (Pension Benefit Administration Tool)
- Convert benefit calculations into ProAdmin based on plan documents
- Configure administration rules as per pension scheme provisions
- Update and transform member benefits as per latest amendments
- Validate calculated results through manual benefit calculations
- Perform variance and reasonability checks on system-generated outputs
- Ensure alignment with DB plan rules and administration processes
- Strong data handling skills using Excel and SQL
Click on Apply to know more.