Job Duties: Associate, Research/PM Support with Goldman Sachs & Co. LLC in New York, New York. Prepare liability analysis for defined benefit pension plans based on actuarial data under a variety of economic assumption sets. Perform asset/liability modeling and develop interest rate and credit spread hedging strategies for defined benefit pension plans in the US and Canada. Construct and review custom liability benchmarks required for managing Liability Driven Investing fixed income portfolio strategies. Utilize advanced mathematical concepts to assist in asset and liability modeling for current clients and prospects. Support content development involving client and prospect presentation books, request for proposals, and other liability-related analyses. Construct and maintain asset and liability models to produce stochastic analysis for current and prospective clients for plans based in the US and Canada.
Job Requirements: Bachelor’s degree (U.S. or foreign equivalent) in Mathematics, Statistics, Actuarial Science, or related field and three (3) years of experience in job offered or in a related role. Prior experience must include three (3) years of experience in the following: working within the pension actuarial consulting industry on either US or Canadian actuarial valuations; performing financial modeling using Microsoft Excel; working with and advising clients regarding U.S. minimum required pension funding laws; working with US (ASC 715) and international pension accounting standards (IAS 19); and working with either deterministic or stochastic funding and accounting projections for asset/liability modeling. Fellow or Associate of the Society of Actuaries.
Salary Range: Annual base salary for this New York, New York-based position is $161,000/year -$200,000/year.
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