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 ManagementReporting
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:
40Pay Transparency details
US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$177,800.00 - $219,200.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.Bank of America Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.
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Fair & Transparent Compensation — Pay practices are framed as structured and backed by regular pay-equity analysis, which creates a sense of consistency even when higher pay is desired.
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Pay Growth & Progression — A high U.S. hourly pay floor of $25/hour is positioned as a meaningful baseline for frontline and support roles, improving perceived competitiveness at the lower end.
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Parental & Family Support — Parental leave, family-planning reimbursement, backup care, and “Life Event Services” are presented as substantial supports that strengthen the overall rewards package.
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What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
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