What are the responsibilities and job description for the Actuary position at Charles Schwab Inc.?
Your Opportunity
At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together. Defined Benefit Services provides actuarial, administration, and participant services to clients whose objective is to provide an integrated retirement plan experience to their employees and a single-provider servicing solution for all of their retirement programs. Schwab Retirement Plan Services, Inc. is a wholly-owned subsidiary of The Charles Schwab Corporation. Schwab Retirement Plan Services, Inc. provides recordkeeping, administration, participant education and communication, plan design, consulting, actuarial services, and compliance testing for a total of over 900 defined contribution, defined benefit, and nonqualified retirement plans.
We are looking for an Enrolled Actuary to be primarily responsible for preparing, reviewing and delivering DB services to support our corporate clients and self-employed individuals and small businesses. Specifically, the person will:
- Consult with and manage relationships of prospective/ongoing clients and advisors
- Prepare, peer review and/or certify annual actuarial reporting and contribution estimates
- Prepare, peer review and/or certify government forms filings for both ongoing and terminating plans (e.g. Form 5500, Schedule SB, Annual Funding Notice, PBGC Premium, IRS Form 5310, PBGC Form 500)
What you have
- Desire to make a significant contribution to the growth of Schwab's Defined Benefit product
- Team player mentality, willing and able to contribute at all levels of service delivery
- Good oral and written communications skills; experience explaining retirement plan information or other complex concepts to customers and prospects
- Ability to rapidly learn broad range of skills, processes and DB subject matter
- Ability to think differently and to continuously improve the delivery of services
- Good organizational skills, shows attention to detail
- Computer skills, especially in Microsoft Office and Adobe Acrobat Pro
- Current Enrolled Actuary with demonstrated proficiency managing client and advisor relationships
- At least ten years of work experience with substantial retirement plan and/or defined benefit services
- Degree(s) in Business, Finance, Math, Actuarial Science, or Accounting
In addition to the salary range, this role is also eligible for bonus or incentive opportunities.
