Massachusetts Veterans Jobs

Actuarial and Investment Analyst – Institutional Retirement

Boston, Massachusetts;Pennington, New Jersey; Charlotte, North Carolina; Jacksonville, Florida

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. 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:

• Monitoring investment strategies on a day-to-day basis.

• Creating, reviewing, and distributing monthly and quarterly performance 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

• Responsibilities include monitoring financial performance of Retirement product, working with more senior Product Managers in developing product plans, strategies, and enhancements, and performing data collection and coordination activities

Required:

• Bachelor’s degree in actuarial science, finance, mathematics, statistics, or a related field.

• 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.

• Holds one or more of the following actuarial designations:

Associate of the Society of Actuaries (ASA)

Fellow of the Society of Actuaries (FSA)

Enrolled Actuary (EA)

Desired:

• Series 7/66 preferred but not required

Skills:

• Business Acumen

• Data Management

• Oral Communications

• Presentation Skills

• Written Communications

• Benefits Plan Development

• Business Analytics

• Collaboration

• Analytical Thinking

• Innovative Thinking

• Problem Solving

• Product Management

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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 and affirmative action, 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.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

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.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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.