Job Title: PRT Benefit Calculations Lead / Actuarial Systems SME (ProAdmin & IntelliPen)
Location: MD
Duration: Long Term
Job Summary
We are seeking a highly experienced PRT Benefit Calculations Lead / Actuarial Systems SME to support Pension Risk Transfer (PRT) annuity business. This role is responsible for designing, coding, testing, and maintaining complex pension benefit calculations across new and legacy Group Annuity Contracts (GACs).
The role partners closely with Pricing, Legal, Administration, Technology vendors (e.g., Procentia), and Audit teams to ensure accurate, compliant, and audit-ready benefit calculations within ProAdmin and IntelliPen platforms.
This position is ideal for an actuarial or senior calculation professional who acts as a technical authority and SME across PRT administration.
Key Responsibilities
New GAC Implementation
Design and code new GAC benefit calculations in ProAdmin Identify and document all data elements required for benefit calculations Prepare and validate sample calculation requests Perform sample calculation matching, resolve discrepancies, and lead client Q&A Review legal plan documents and incorporate learnings into calculation logic
Systems Testing & Certification
Act as ProAdmin Calculation Certification technical expert Support and review Procentia-developed coding, including independent testing Design and execute IntelliPen benefit calculation testing GAC-specific features Errors, warnings, and validation checks IntelliPen ProAdmin data linkage Support GAC 10125+ testing and documentation
Plan Specifications & Documentation
Draft Plan Specifications for new GACs Maintain and update legacy GAC plan specifications Design and contribute to BAU calculation administration documentation
BAU & Exception Calculation Support
Provide BAU calculation support, including:
Red/yellow (exception) calculations
Newly onboarded GACs
Provide ongoing technical ProAdmin and actuarial support Act as a resource actuary for pension and benefit calculation issues
Data Migration & Deferred Benefits
Support data migration for deferred benefit populations Collaborate with Pricing to develop migration data files Support vendors in interpreting benefit data Create and review migration milestone date files Sequence deferred calculation priorities by complexity and population size
Cross-Functional & Audit Support
Liaise with Pricing on technical and actuarial interpretation issues Support audit activities as calculation/testing SME Support paperwork implementation and ProAdmin Desktop Fulfillment Tool processes
Required Qualifications
Bachelor s degree in Actuarial Science, Mathematics, Finance, or related field ASA required; FSA strongly preferred 8+ years of experience in PRT, annuity administration, or pension benefit calculations
Required Skills & Experience
Deep expertise in PRT annuity and defined benefit pension calculations Advanced experience with ProAdmin benefit calculation configuration Experience with IntelliPen testing and validation Strong understanding of plan documents and legal benefit provisions Experience working with third-party administrators (e.g., Procentia) Strong Excel and data analysis skills Ability to manage complex, audit-sensitive calculations Excellent written and verbal communication skills
Preferred Qualifications
FSA designation
Prior experience acting as calculation SME or certification lead Experience supporting audits and regulatory reviews Exposure to large-scale data migrations
Never miss an opportunity! Create an alert based on the job you applied for.
