Actuarial Analyst I - Glatfelter Specialty Benefits

Who We Are

For over 70 years, Glatfelter Insurance Group has believed in doing the right thing for our clients, agents, communities and associates. This founding principle has enabled Glatfelter to grow from the kitchen-table, one-man-operation as it began, to one of the largest managing general agencies in the U.S. with nearly 500 associates across the country, a distribution network of over 4,500 independent brokers and more than 30,000 clients. It is what drives us to innovate—the desire to deliver the best for our clients. Founded as The Glatfelter Agency, which is still in operation, the program basis of Glatfelter Insurance Group, Volunteer Firemen’s Insurance Services (VFIS), was founded in 1969. Throughout the years, Glatfelter has expanded to include specialized program business inclusive of public entities, educational institutions, healthcare facilities, and religious organizations. Glatfelter provides their insureds with comprehensive insurance solutions including property, casualty, life insurance, and more. In 2018, Glatfelter joined American International Group (AIG) and is now part of the AIG family.

About the Position

Glatfelter Insurance Group is seeking an Actuarial Analyst I for our Glatfelter Specialty Benefits department. This entry-level position provides analysis, reporting, and support to the actuarial department and larger pension department. The role manages an assigned book of pension plans directly, while also generating actuarial and statutory reports for clients and auditors. This position works directly with external Plan Sponsors, internal Pension Administrators, and an actuarial team to provide actuarial insight and analysis on basic pension funding concepts.

This position is required to be onsite at our Leader Heights, York, PA office.

Key Responsibilities

• Prepare, interpret, and understand routine and complex pension plan documents.
• Prepare, review, and analyze pre-valuation and actuarial reports which includes, but is not limited to the following:
  • Fully utilize pension system capabilities to facilitate annual plan updating
  • Perform reconciliation of annual financial information
  • Prepare/review New York Model Notes
  • Prepare annual client reports
• Utilize Actuarial Models for data collection, tracking, and analysis for assigned pension plans.
• Be able to make calculated actuarial recommendations based on data analysis for all assigned pension plans.
• Responsible and accountable for an assigned book of pension plans. This includes all aspects of plan installation, administration, invoicing, account reconciliation, and client service. Provides effective and timely resolution of issues presented by clients, agents and insurance companies using analytical ability, independent thought and superior client service standards while also being mindful of departmental guidelines and procedures.
• Process day to day administrative paperwork associated with the administration of defined benefit LOSAP product.
• Maintain accurate and complete financials for all assigned plans.
• Facilitate timely and effective resolution of client requests and challenges with minimal assistance from management.
• Progress through preliminary (ASA) SOA Actuarial Exams and Modules with the goal to obtain an ASA designation.
• Performs other duties or special projects as assigned. 

What We're Looking for

• Bachelor’s degree in Actuarial Science or Mathematics, or a closely related field, required.
• Passing score(s) on 1 or more SOA Exams required.
• Obtain and maintain other licenses as required.
• Minimum of one (1) years of professional experience or (1) college internships in Actuarial field preferred
• Minimum of one (1) year of experience in pension administration, financial services, or mathematical related field preferred.
• Foundational understanding of actuarial concepts, especially as it relates to pensions.
• Strong analytical for creative problem solving ability.
• Strong ability with accounting/database software applications (eg: Microsoft Excel) and mathematical (basic accounting) concepts required.
• Ability to speak and write in a grammatically correct, understandable manner in order to process assigned correspondence and effectively communicate with a wide variety of individuals both internally and externally.
• Ability to organize and effectively prioritize work.
• Ability to work in and promote a team environment.
• Effective interpersonal skills are required to develop relationships with clients and agents.
• Proficiency with Microsoft Office applications.

Why Choose Glatfelter?

Glatfelter is honored to have been named a Best Place to Work in PA since 2005. We are proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. In addition to 17 paid holidays, (which includes a personal holiday and mental health and wellness day) we provide a variety of leaves for personal, health, family, and volunteer needs.  

We believe in fostering our associates' development and offer a range of learning opportunities for associates to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible associates to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

Equal Opportunity Employer

It has been and will continue to be the policy of Glatfelter Insurance Group to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. At Glatfelter, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability.  Glatfelter is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please contact Human Resources. Reasonable accommodations will be determined on a case-by-case basis.

Job Grade: 8