Proficient in Microsoft Office, especially Excel and Word
Strong attention to detail
Excellent communication and time management skills
Responsibilities
Code valuation software for single employer funding valuations
Reconcile assets and life insurance, calculate contribution requirements
Prepare benefit calculations and RMDs based on plan provisions
Analyze data for non-discrimination testing
Prepare plan amendments and assist with plan terminations
Benefits
Opportunity to work with defined benefit pension plans
Engagement in diverse projects including special projects and compliance
Development of analytical and technical skills in a specialized field
Collaboration with regulatory bodies like PBGC
Potential for professional growth with exposure to various pension-related software
Full Job Description
DB ACCOUNT MANAGER
Job Summary: The Account manager must be familiar with and understand the various aspects of funding and accounting for defined benefit pension plans including a general knowledge of IRS funding regulations. Excellent math and analytical skills are required.
Responsibilities:
Single Employer Funding Valuations - Code valuation software (including new plans, plan amendments, life insurance and assumption changes). Reconcile assets and life insurance, calculate contribution requirements, prepare valuation reports and government filings including Form 5500 & PBGC submissions.
Benefit Calculations - Prepare benefit calculations and RMDs based on the plan provisions, IRS Rules, and actuarial factors.
Non-Discrimination Testing - Analyze data and perform 410(b) minimum coverage tests, 401(a)(26) participation tests and 401(a)(4) general tests.
Special Projects - Prepare plan amendments, cost/funding projections, and assist with plan terminations in coordination with PBGC.
Requirements:
College degree required.
Three or more years of pension experience.
Proficient in Microsoft Office, with strong Excel and Word skills.
Strong attention to detail.
Excellent communication and time management skills.
Preferred Qualifications:
Experience with Datair software.
Experience with ftwilliam.com for plan documents, 5500s, and PBGC Filings.
Experience working with life insurance policies held inside pension plans.
