[Remote] Senior Actuarial Consultant at Empower

San Antonio, Texas, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Bachelor’s degree
ASA and MAAA required, EA and FSA preferred
Substantial knowledge of ERISA law, US GAAP, GASB and IFRS accounting standards
10 years of experience in the post-employment consulting space
Proficiency with OPEB/DB/DC software tools/spreadsheets
Comprehensive understanding of actuarial decrements, assumptions, and methods
Extensive knowledge of a variety of different retirement plans

Responsibilities

Be lead actuary on a series of OPEB clients, providing actuarial expertise, fiduciary risk management services, and strategic direction
Support peers on other retirement clients - inclusive of pension, defined contribution, or non-qualified arrangements
Be responsible for the generation and growth of revenue on clients as either the lead or supporting actuary and retention for all clients in the assigned book of business
Partner with the management team to advance EBCS’ position as a market leading organization
Act as a lead subject matter expert on retirement issues in driving product development which results in revenue growth for the overall organization
Represent the organization in the public forum through speaking engagements, published articles and participation in professional organizations
Educate, train, and develop staff members, elevating the knowledge of the organization as a whole with respect to the RHC practice
Develop an understanding of the rules and regulations around defined contribution plans
Gain an understanding of the various types of equity compensation benefits and how the design of those programs fits into a client's overall compensation package
Combine relevant regulatory and actuarial principles to solve client issues and/or improve processes
Serve as a resource for plan sponsor and participant questions
Network with key contacts outside of own area of expertise
Clearly and confidently provide plain language solutions to challenging situations in both written and verbal interactions

Skills

Empower

Personal finance management and credit building

About Empower

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, Empower.me offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring that their credit score remains unaffected during the application process. Unlike many competitors, Empower.me specifically targets individuals with no minimum credit score, aiming to improve their financial health and savings.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$96.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

Risks

Increased competition from fintech companies like Chime and Varo could impact market share.

Integration challenges from acquisitions may disrupt operations and delay strategic goals.

Regulatory scrutiny on credit services could increase compliance requirements and costs.

Differentiation

Empower offers a unique subscription-based model for financial management tools.

The company focuses on credit building by reporting payments to credit bureaus.

Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

Upsides

Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.

Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.

Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

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