Actuarial Analyst - Combo Plans

DEFINITI LLC • Cary, NC

12d • Remote

About The Position

Definiti is a national retirement services company that helps clients manage and administer their retirement plans. The Actuarial Analyst role requires experience working with small market Cash Balance/Defined Benefit/401(k) Combo plans, with a primary focus on cash balance pension plans with less than 100 participants that are tested in combination with a defined contribution plan. The analyst will work closely with a team of enrolled actuaries and is expected to direct client relationships.

Requirements

• Proficient in CB/401k Combo Plan Cross Testing
• Proficient with ASC Valuation system
• Demonstrated excellence in written and verbal communication
• Must be detailed and possess strong organizational skills
• Time management focused adhering to deadlines and timelines
• Team Oriented with experience interacting with vendors, clients, advisors and coworkers
• Ability to analyze complex Cash Balance & Defined Benefit Plan issues and provide solutions
• Ability to work independently and as part of a team in a fast-paced environment
• Ability to maintain data entry accuracy while multitasking and focusing on meeting deadlines
• High school diploma or GED required
• 3+ years of experience with the administration of CB/DB/401k Combo Plans
• Ability to build rapport with others remotely while working productively with limited in-person interaction
• Have access to a reliable and consistently strong, high-speed internet connection suitable for remote work.
• Designate a quiet, and well-lit space free of as many distractions as possible
• Be online and available to work during designated business hours in local time zone
• Accustomed to using Microsoft Teams (or similar virtual-meeting applications) to meet with colleagues regularly on video and use the chat feature for quick communications.
• Accustomed with file-storage and file-sharing tools such as Microsoft SharePoint

Nice To Haves

• Experience with ASC Software System or FT Williams highly preferred; would consider experience with Relius or Datair
• Experience with Pension Pro is preferred
• Experience with StaxAI preferred
• ASPPA Designations preferred
• Familiarity with Microsoft Teams is a plus

Responsibilities

• Request, organize, and review Plan & Participant data
• Review & Reconcile Plan Asset Data
• Review Plan document and establish plan specifications within the ASC valuation system
• Prepare Annual Valuations in ASC for review and approval by Actuary
• Perform CB/401(k) Combo Annual IRS Coverage and Non-Discrimination testing (401a4, 410b, 401a26)
• Preparation of benefit calculations for terminated/retiring participants including calculation of optional forms of payment
• Plan Termination calculations for PBGC and non-PBGC covered Defined Benefit Plans
• Monitor and prepare Required Minimum Distribution calculations
• Prepare Government Form 5500s, Schedule SB, PBGC premium filing, 8955-SSA
• Complete Cash Balance/Defined Benefit Plan Projections upon request
• Work closely with RPC (Retirement Plan Consultant) to service case of Cash Balance/401k Combination Plans.

Benefits

• A virtual-first work philosophy for most jobs
• 401(k) with up to 4% match
• Flexible PTO
• 12 paid holidays, 2 paid floating holidays, and your birthday is a holiday
• Paid Parental Leave
• A variety of medical, dental and vision plan options including Definiti subsidized premiums
• Company-paid life insurance and short-term disability insurance
• Bonus plan eligibility

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 1-10 employees