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Old 10-25-2013, 04:22 PM
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Join Date: Oct 2013
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Default Pension Actuary - Boston ASA + 3-5 Yrs

I have an opening for an intermediate level actuarial strategist focusing on pensions. ASA + 3 to 5 years experience. Please pm me if you are interested. Thank you.

Intermediate Actuarial Strategist

Location: US-MA-Boston
Full/Part Time: Full FTE

Job Description: SSgA seeks an individual with actuarial background to assist in quantitative and qualitative analysis with a focus on LDI (liability driven investing) across a variety of liability types. The individual will be joining the Strategy and Research team within the Investment Solutions Group.

Our Company
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.74 trillion in assets under custody and administration and $2.15 trillion in assets under management as of June 30, 2013, State Street operates globally in more than 100 geographic markets and employs 29,225 worldwide. For more information, visit State Street's website at

Promoting a culture of excellence
With more than 29,225 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility -- to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.

We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us -- people like you.

State Street supports flexible work arrangements where determined feasible, consistent with business and operational needs. Subject to an individualized assessment of these considerations, roles may be identified as potentially suited for a flexible work arrangement. Requests for a flexible work arrangement can be made upon hire. All employees at State Street have the ability to request flexible work arrangements, with the final decision based solely on business discretion and subject to management approval. More information is available here.

We encourage you to explore the possibilities that a career at State Street can offer you.

State Street is an Affirmative Action/Equal Opportunity Employer. Applicants are considered for all positions without regard to race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or other characteristics protected by applicable law.

SSgA seeks an individual with actuarial background to assist in quantitative and qualitative analysis with a focus on LDI (liability driven investing) across a variety of liability types. The individual will be joining the Strategy and Research team within the Investment Solutions Group. This position will be working closely with senior portfolio managers and strategists to evaluate, monitor, manage and execute liability based solutions for institutional clients.

• Ongoing oversight of client liabilities; valuations, risk analysis, benchmarking and Dynamic De-Risking clients
• Act as an actuarial and defined benefit subject matter expert to support various initiatives and services, including enhancement of liability-driven investing models and other analytic and reporting services
• Work closely with strategists and PMs on custom solution design and delivery; prepare client and new business development presentations focusing on liability driven strategies, strategic and tactical asset allocation opportunities
• Prepare and review liability modeling and ALM studies
• Serve as a technical resource on the latest regulatory developments and industry trends affecting defined benefit plans and discuss policy and regulation issues as they relate to investing
• Interpret plan documentation and determine implications of investment strategies; participate in product related decisions involving custom solutions, product development enhancements/launches, and other business considerations

Required Skills and Experience:
• Bachelor's degree in math, actuarial science or related field with a minimum of 5 years of actuarial experience working with corporate and/or governmental pension plans; master's degree or higher in a quantitative discipline is a plus
• ASA or FSA designation and career emphasis on investments and retirement benefit modeling; progress towards or desire to pursue the CFA designation
• Knowledge of actuarial formulas, methods, forecasting and procedures; significant experience with defined benefit plan design, ALM studies, pension risk management and portfolio construction
•Familiarity with pension rules and regulations, including ERISA, PPA, Internal Revenue Code, and IASB/FASB/PBGC rules,
• Experience in working with ProVal is a significant plus. ProVal experience should include working with actuarial valuations, deterministic and stochastic projections, capital market assumptions, and ALM studies.
• Solid communication and presentation skills and ability to effectively collaborate with portfolio managers and strategists in the development of LDI portfolios
• Advanced MS Excel and PowerPoint skills; MATLAB programming skills a significant plus
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asa, fsa, pension, valuation

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