Reports to: VP - Chief Actuary
Classification: Exempt
Job Summary: Support the annual administration of Defined Benefit and Retiree Medical plans.
This is a fully remote position.Responsibilities:
- Funding and FASB 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/review benefit calculations for qualified and non-qualified plans and including RMDs and QDROs 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. Actuarial Science, Mathematics or Statistics preferred.
- Enrolled Actuary designation required; FSA or ASA designation a plus.
- Ten or more years of practical actuarial and pension experience.
- Proficient in Proval valuation software.
- Cash balance plan experience a plus.
- Knowledge of post-retirement medical plans.
- Prior supervisory or management experience a plus.
- Proficient in Microsoft Office, especially a working knowledge of Excel (Visual Basic and Macros a plus).
- Solid communication skills, both oral and written.
- Strong interpersonal skills for training, mentoring, delegating, providing feedback.
- Superior time management skills; adapt to rapidly changing priorities.
