Enrolled Actuary, (Cash Balance Actuaries)

Strongpoint Partners

3d • Remote

About The Position

Cash Balance Actuaries (CBA), an operating partner of Strongpoint Partners, is seeking an experienced Reviewing Actuary with expertise in the small business marketplace. CBA specializes in designing and administering flexible and easy-to-understand cash balance plans tailored to unique client needs, serving clients across 11 states. This role is integral to a growing financial services firm and offers a virtual work environment with flexible schedules, excellent benefits, and a friendly atmosphere. The position involves handling Cash Balance/Defined Benefit plans for fewer than 500 participants and requires knowledge of ASC 715 and other FASB requirements.

Requirements

• Enrolled Actuary - enrolled by the Joint Board for the Enrollment of Actuaries to perform actuarial services under the Retirement Income Security Act of 1974.
• At least five years of experience as an Enrolled Actuary.
• At least 5 years of relevant small plan actuarial experience.
• Knowledge of business entities as they relate to plan compensation and plan design.
• Excellent knowledge of 415 limit, 410(b), Top Heavy and 401(a)(4) non-discrimination testing.
• Thorough knowledge of Cash Balance Plans.
• Ability to understand client business issues how they affect the retirement plan.
• Organized individual able to set priorities, meet deadlines, and be detail-oriented.
• Team player, collaborative, able to work with and through others.
• Strong verbal and written communication skills internally and externally.
• Ability to work well under pressure with multiple priorities and deadlines.
• Ability to act with integrity, be proactive with client needs, seek to continuously improve service, constantly focus on professional growth and work collaboratively with the entire team.

Nice To Haves

• Experience with and knowledge of ASC 715 and other FASB requirements is preferred.
• Membership in at least one of the following: The Society of Actuaries (SOA), The American Society of Enrolled Actuaries (ASEA), The American Academy of Actuaries (AAA), The National Institute of Pension Administrators (NIPA).

Responsibilities

• Perform and review actuarial valuations for Defined Benefit / 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.
• Review PBGC filings and notices.
• Certify contribution and asset amounts for AFTAP.
• Prepare and review annual FASB reports.
• Prepare and review distribution packages and annual participant statements.
• Prepare, review, and deliver government form filings in a timely manner, (e.g., IRS & DOL form 5500, Schedule SB, etc.).
• Prepare preliminary design studies and projections that will meet all nondiscrimination requirements.
• 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.
• Other duties as assigned.

Benefits

• Flexible PTO – Competitive paid time off, including flexible & unlimited options.
• Comprehensive Benefits – Health, dental, vision, life, and disability coverage.
• Incentive bonus programs, flexible hours, & more.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed