Section 1: Position Summary
High level review to ensure quality of client deliverables including research of pension
law and regulations. Responsible for ensuring service standards remain in alignment with the expectations, guidance and direction provided by the FuturePlan Chief Actuary and organizational standards. Serve as an expert in the valuation, administration and compliance of Defined Benefit and Cash Balance plans.
Section 2: Job Functions, Essential Duties and Responsibilities
- Review, prepare and/or certify client projects and ensure accurate client deliverables including:
- Actuarial valuations and reports
- Benefit statements
- Plan documents, amendments, employee communications (SPDs, etc.)
- Work performed by other teams as necessary (e.g., Benefit calculations, Form 5500s and PBGC premium forms)
- IRS determination filings and PBGC (Form 500 series) termination submissions
- ASC 715/960
- Perform and review combined plan non-discrimination testing - Answer technical questions posed by staff
- Research the Internal Revenue Code and other technical resources to resolve client issues
- Provide technical training for staff
- Provide back up to other teams as necessary
- Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
- Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
- Assist with other tasks and projects as assigned
Supervision
- N/A
Section 3: Experience, Skills, Knowledge Requirements
- Bachelor's degree in actuarial science, math or math related field
- Enrolled Actuary designation with 5 years industry experience
- Advanced understanding of:
- Pension law
- Plan documents and IRS favorable determination letters
- Actuarial valuations and software systems - Excellent technical/analytical skills
- Ability to research technical issues
- Ability to explain technical issues to all levels of associates
- Good verbal and written communication skills
- Demonstrated expertise with Microsoft Office, particularly Excel applications
- Demonstrated expertise with industry recognized pension valuation software
- Detail and accuracy oriented
- Good time management skills
- Team Player
We are proud to be an Equal Opportunity Employer
Working at
Ascensus, LLC.
Ascensus, LLC. is a leading provider of retirement and college savings solutions, serving millions of individuals and businesses across the United States. With a strong focus on helping people save for their future, Ascensus offers a comprehensive range of services, including retirement plan administration, education savings accounts, and health savings accounts. As an actuary at Ascensus, you'll be part of a dynamic team that plays a crucial role in ensuring the financial stability and success of clients' retirement and education savings plans. Actuaries at Ascensus utilize their expertise in risk assessment, statistical modeling, and data analysis to evaluate plan performance, forecast trends, and provide strategic insights. Collaborating with a diverse group of professionals, actuaries at Ascensus help design and develop innovative retirement and education savings solutions. Actuaries analyze data, assess risks, and provide valuable recommendations to help clients make informed decisions about their savings plans. Ascensus values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries can enhance their skills, stay up to date with industry trends, and contribute to the success of clients' savings goals. Join Ascensus' esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on individuals' financial futures, and enjoy competitive benefits in a collaborative and supportive work environment.