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Actuarial and Investment Analyst
- Bank of America (Pennington, NJ)
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Actuarial and Investment Analyst
Pennington, New Jersey
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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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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:
+ 3+ years of institutional investment experience.
+ Seasoned strategist capable of independently completing complex analyses.
+ Monitoring investment strategies on a day-to-day basis.
+ Creating, reviewing, and distributing monthly and quarterly monitoring 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.
+ Developing analysis on pension plans using publicly available data to support the sales process.
Required:
+ 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.
Desired:
+ Bachelor’s degree in actuarial science, finance, mathematics, statistics, or a related field.
+ Actuarial exams passed:
Associate of the Society of Actuaries (ASA)
Fellow of the Society of Actuaries (FSA)
Enrolled Actuary (EA)
Skills:
Business Analytics
Business Intelligence
Data & Trend Analysis
Data Mining
Data Modeling
Data Quality Management
Reporting
Research Analysis
Risk Analytics
Risk Modeling
**Minimum Education Requirement:** High School Diploma / GED / Secondary
School or equivalent. Bachelor’s degree or equivalent work experience preferred.
For internal employees; participation in a work from home posture does not make you ineligible to post
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your **"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) "** poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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