Actuarial Services Consultant

July Business Services; Philadelphia, Chicago (Philadelphia County, IL); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

401(k) Plan with 5% employer match

100% employee health insurance coverage

Job summary

July Business Services is seeking a Compliance Consultant to join our Actuarial Services Team in Philadelphia. This role is perfect for someone with 3+ years of retirement plan experience, focused on Defined Benefit and Cash Balance Plans. Responsibilities include managing a portfolio of plans, performing compliance reviews, and coordinating with actuaries. The ideal candidate will have a Bachelor's degree, excellent communication skills, and a client-focused attitude. Benefits include a 401(k) plan with employer match and 100% health insurance coverage.

Qualifications

• 3+ years of experience in retirement plan administration, ideally with a focus on Defined Benefit and Cash Balance plans.
• Strong computer skills including MS Office suite: Outlook, Word, Excel, Power Point, and Teams.
• Exceptional communication skills both verbal and written.

Responsibilities

• Manage a portfolio of Defined Benefit and Cash Balance plans.
• Perform and review non-discrimination and coverage testing for plans.
• Conduct compliance reviews to identify operational issues.

Skills

Retirement Plan experience

MS Office suite

Verbal and written communication

Attention to detail

Interpersonal skills

Organizational skills

Client-focused attitude

Education

Bachelor’s Degree

Job description

Compliance Consultant

July Business Services (JULY) is seeking an individual to join our growing Actuarial Services Team as a Compliance Consultant. In this role, you will enjoy the unique challenge of putting your existing retirement plan knowledge and service skills to work alongside a team of other retirement plan professionals with a focus on Defined Benefit and Cash Balance Plans. The ideal candidate will have deep expertise in non-discrimination testing, compliance, and regulatory reporting, and a strong working knowledge of 401(k) plan administration. This person will also be a liaison between the actuarial and client service teams.

Job Responsibilities

• Assist in managing a portfolio of Defined Benefit (DB), Cash Balance (CB), and related 401(k) plans, ensuring timely and accurate service delivery.
• Monitor annual plan projects, calendars, and milestones.
• Perform and review contribution calculations, non-discrimination and coverage testing (e.g., 401(a)(4), 410(b), 401(a)(26), 415 limit) for DB and DC plans.
• Conduct compliance reviews to proactively identify and help fix operational failures or plan qualification issues.
• Manage and coordinate plan termination timelines to ensure all requirements are met to pay out benefits.
• Coordinate with actuaries on plan valuations, funding requirements, and potential plan design changes.
• Deliver expert guidance on plan administration and effectively communicate complex topics – particularly cross-tested and combo arrangements—to internal and external contacts.
• Maintain knowledge regarding industry trends and legislative/regulatory requirements and changes specifically retaining to Retirement Plans.
• Maintain documentation on client projects and responses within JULYs CRM software tool.
• Ad hoc projects and tasks as assigned

Qualifications / Experience

• 3+ Years Retirement Plan experience. DB/CB experience is appreciated but not required.
• Solid computer skills including MS Office suite: Outlook, Word, Excel, Power Point, and Teams
• Professional and concise verbal, non-verbal, and written communication skills
• Strong attention to detail and sense of urgency
• Collaborative rapport and team skills with stellar interpersonal and relationship management skills
• Exceptionally organized individual who juggles multiple projects with minimal oversight
• Self-starting, resourceful, solution seeker who works well independently
• Can do, client focused attitude who thrives on accountability, credibility, and trustworthiness
• Team player with willingness to do no matter how small or large the task
• Bachelor’s Degree
• 3+ years of experience in retirement plan administration, with a focus on DB and Cash Balance plans.
• Desire to deliver the best internal and external client service possible
• Dedicated employee who finds enjoyment in service with a smile
• Ability to handle difficult conversations in a positive and professional manner

Benefits

• 401(k) Plan with fully vested 5% employer match
• Company pays 100% of employee health insurance