Job details

Early Careers: Actuarial Specialist

Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:As an Actuarial and Investment Analyst – Institutional Retirement, you will be responsible for assisting with the creation, development, and monitoring of investment strategies developed for institutional retirement plans – typically defined benefit (pension) plans. You’ll play a key role in supporting the primary functions of the actuarial investments team.Key Responsibilities:• Monitoring investment strategies on a day-to-day basis.• Creating, reviewing, and distributing monthly and quarterly performance reports.• Conducting asset-liability modeling (ALM) studies used to set investment strategies.• Communicating regularly with internal partners and external clients.• Self-managing through routine tasks and collaborating during larger projects.• Contributing to the development of new thought-leadership and whitepapers• Responsibilities include monitoring financial performance of Retirement product, working with more senior Product Managers in developing product plans, strategies, and enhancements, and performing data collection and coordination activitiesRequired:• Bachelor’s degree in actuarial science, finance, mathematics, statistics, or a related field.• 3+ years of actuarial or institutional investment experience.• Very proficient with Microsoft Office – especially MS Excel. VBA programming experience a plus.• Strong analytical skills and an ability to learn new financial modeling software.• Excellent communication skills, both written and verbal.• Self-managing through internal partners and external clients.• Holds one or more of the following actuarial designations:Associate of the Society of Actuaries (ASA)Fellow of the Society of Actuaries (FSA)Enrolled Actuary (EA)Desired:• Series 7/66 preferred but not requiredSkills:• Business Acumen• Data Management• Oral Communications• Presentation Skills• Written Communications• Benefits Plan Development• Business Analytics• Collaboration• Analytical Thinking• Innovative Thinking• Problem Solving• Product ManagementIt is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.Shift:1st shift (United States of America)Hours Per Week:40

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Average salary estimate

$70000 / YEARLY (est.)

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$60000K

$80000K

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What You Should Know About Early Careers: Actuarial Specialist, Aon

At Bank of America in Burlington, MA, we're on the lookout for an enthusiastic Early Careers: Actuarial Specialist to join our team as an Actuarial and Investment Analyst focused on institutional retirement plans. If you're passionate about finance and love crunching numbers, this could be your moment! You'll have a vital role in monitoring investment strategies and creating performance reports that truly make an impact. This job is not just about maintaining the status quo; you’ll engage in asset-liability modeling studies that help set investment strategies while working closely with both internal teams and external clients. Bank of America prides itself on being a diverse and inclusive workplace, where you’ll have every chance to learn and grow alongside seasoned professionals. With a focus on Responsible Growth, we offer our teammates the flexibility they need to thrive. Whether it's collaborating on larger projects or managing your day-to-day responsibilities, there's always room for innovative thinking. If you hold a bachelor's degree in a related field and have some experience in actuarial science or institutional investment, we want to hear from you! Your journey at Bank of America promises to be rewarding, giving you the power to make a meaningful difference in financial lives while supporting your own career growth. Ready to make a move? Join us and become a part of something bigger at Bank of America!

Frequently Asked Questions (FAQs) for Early Careers: Actuarial Specialist Role at Aon

What responsibilities does the Early Careers: Actuarial Specialist at Bank of America have?

As an Early Careers: Actuarial Specialist at Bank of America, you'll be responsible for a range of tasks including monitoring investment strategies, creating and distributing performance reports, and conducting asset-liability modeling studies. You'll also communicate regularly with internal teams and external clients, contributing valuable insight while supporting the overall functions of our actuarial investments team.