Willis Towers Watson Retirement Actuarial Intern - Summer 2018 in New York, New York
Retirement Actuarial Intern - Summer 2018 in New York, NY at Willis Towers Watson
Date Posted: 10/15/2017
Employee Type: Intern
Location: New York, NY
Experience: Not Specified
Date Posted: 10/15/2017
Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
Join our Retirement consulting team in providing expertise in retirement and investment consulting to support global organizations in designing, managing, administering, and communicating various retirement plans. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, governing and employee management that fits their specific goals.
Gain direct exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyse data, draw conclusions, and share your brilliant results. In this role, you’ll experience a balance of expanding your technical knowledge and industry expertise, while benefiting from working in a close-knit and supportive team environment.
Love your work . You will partner with consultants to provide actuarial support on client projects through:
Designing, funding, pricing, and the implementation and management of retirement programs
Competitive benchmarking analysis of benefit plan designs
Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)
Working with a wide range of associates at all levels within the local practice
Performing asset/liability modelling
Perform annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients. (This entails manipulating data, analyzing data, determining plan liabilities, reconciling plan assets, and determining funding requirements)
Assist with completion of plan reporting and filing requirements
Perform plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements
Junior standing (sophomore considered with other relevant internship experience) pursuing a Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0
Successful completion of one or more actuarial exams highly preferred
Work experience that demonstrates strong technical, and/or client service and leadership skills
Passion for solving problems and sharing solutions to exceed the standards of the client
Ability to be a self-starter and work independently, but also cooperatively in a close team environment
Excellent oral and written communication skills
Excellent Microsoft Office skills, particularly in Excel
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