About the role
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.
Originally posted on Himalayas