The company culture is friendly, relaxed, and resists micromanagement. The team is built of reliable professionals who communicate with accuracy and care. The defining characteristic of our company is the high quality of employees who provide the best service to our clients. We're looking for a person with the ability to communicate complex technical issues to clients in a simple, easy-to-understand way. We work hard to develop actuaries that can do this for our clients. If you think you are that person, we want to meet you!
Along with the best employees we seek to partner with the best clients from around the country. Everything is done online whenever possible so we help our clients minimize the paper required to sponsor a plan. We pride ourselves on being available to answer our clients' questions with accurate and creative solutions all while making sure the plan still meets their needs of being easy-to-understand and administer.
To qualify for the position one must have at least three years of experience administering, reviewing others' work, and consulting on small to mid-size cash balance plans. Responsibilities include everything related to handling a Cash Balance or Defined Benefit Plan with fewer than 500 participants.
This is a virtual position where you would be expected to work from home. We provide extremely flexible work schedules as well as excellent benefits and a laid-back, friendly environment. As part of a small company, you will have many responsibilities and will have to be flexible and friendly. Compensation will be commensurate with experience and ability. High performers will be rewarded as the pay structure will include a base salary plus some amount of bonus to be paid quarterly and some to be paid annually.
Some of the candidate's job responsibilities and qualifications are provided below but ultimately the job will be what you make of it as long as you are getting quality work done on time. Keeping our clients and employees happy are our top two priorities.
Responsibilities:
- Perform and review actuarial valuations for defined benefit and cash balance plans in accordance with IRS laws and regulations
- Prepare and review annual non-discrimination testing for qualified pension plans including Cash Balance, Defined Benefit, 401(k), Profit Sharing, and Money Purchase plans.
- Prepare and review PBGC filings and notices
- Prepare and review annual FASB reports
- Prepare and review distribution packages and annual participant statements
- Prepare, review, and timely deliver government form filings (IRS & DOL form 5500, Schedule SB, etc.)
- Prepare preliminary design studies and projections that will meet all nondiscrimination requirements
- Establish and maintain qualified form of plan legal documents, including all amendments
- Prepare, review, and consult regarding plan termination filings with IRS and PBGC
- Represent clients in audits with IRS, PBGC and DOL, P/T Exemption and VCP Filings
- Lead and/or participate in retirement plan consulting projects
- Direct client contact and new business development is at your discretion and will be rewarded but not required
- Ability to work in energized, fast-paced environment
Preferred Qualifications of the ideal candidate include:
- At least 5 years of relevant small plan actuarial experience
- Knowledge of business entities as they relate to plan compensation and plan design
- Understand client business issues and be able to understand how they affect the retirement plan
- Membership in at least one of the following:
- The Society of Actuaries (SOA)
- The American Society of Pension Professionals and Actuaries (ASPPA/ASEA)
- The American Academy of Actuaries (AAA)
- The National Institute of Pension Administrators (NIPA)
- Thorough knowledge of Cash Balance Plans