Actuary/Cash Balance Specialist

Acturhire; Chicago (IL); Hybrid; USD 80,000 - 150,000; Full time

Benefits offered by this job

Flexible Workplace

Comprehensive Benefits

Flexible PTO

Growth Opportunities

Job summary

Strongpoint Partners is seeking experienced Defined Benefit Administrators, Actuarial Analysts, and Enrolled Actuaries to support small- and mid-size cash balance plans. You will interpret valuation elements, prepare PBGC filings, and discuss plan design with clients from a fully remote US-based team.

We value accuracy, regulatory compliance, and client service, with a flexible, growth-oriented environment and comprehensive benefits.

Qualifications

• 3–5+ years of small plan DB experience
• Enrolled Actuary designation preferred
• Knowledge of DB/Cash Balance valuations and PBGC filings
• Experience with cross-testing for nondiscrimination

Responsibilities

• Understand and interpret elements of Defined Benefit / Cash Balance plan actuarial valuation and communicate issues to in-house actuaries and clients.
• Prepare and facilitate PBGC filings for covered Defined Benefit Plans.
• Maintain industry knowledge and share information with client and team members.
• Keep up to date with changing 401(k) & Defined Benefit Plan legislative requirements.
• Discuss plan design changes and options with clients.
• Prepare 401(k) valuations/trust accounting/government reporting on an accrual basis.
• Perform benefit calculations, valuations, AFTAP and schedule SBs.

Skills

Defined Benefit / Cash Balance Valuati

PBGC filings understanding

Cross-testing concepts

Client communication

Education

Enrolled Actuary designation

Tools

Actuarial software

Job description

Who we are:

Strongpoint Partners is tech-enabled retirement services platform serving small- to mid-sized businesses with integrated retirement third party administration, recordkeeping, payroll, and HR solutions. Recognized as one of Inc. 5000's Fastest Growing Private Companies in America and certified as a Great Place to Work, Strongpoint offers a suite of services that prioritizes accuracy, compliance, and reduction of regulatory risk for its clients, delivered by local client success teams that understand the nuances of the markets they serve. Strongpoint Partners combines a relentless passion for service and innovation with the experience and expertise required to make retirement work for everyone. For more information, please visit: www.strongpointpartners.com.

Cash Balance plans currently outnumber traditional DB plans by nearly 2 to 1. Strongpoint is looking to hire Defined Benefit Administrators, Actuarial Analysts, and Enrolled Actuaries with experience in small and mid-size cash balance plan administration. Strongpoint services combo DC/DB plans as well as standalone DB plans.

What you'll do:

• Understand and interpret elements of Defined Benefit / Cash Balance Plan actuarial valuation & be able to communicate issues to in-house actuaries and clients.
• Prepare and facilitate PBGC filings for covered Defined Benefit Plans.
• Maintain industry knowledge and share information with client and team members.
• Keep up to date with changing 401(k) & Defined Benefit Plan legislative requirements.
• Discuss plan design changes and options with clients.
• Prepare 401(k) valuations/trust accounting/government reporting on an accrual basis.
• Perform benefit calculations, valuations, AFTAP and schedule SBs.

Required Experience:

• 3-5+ years of small plan DB experience
• Enrolled Actuary designation to sign documents is preferred.
• Knowledge of Defined Benefit / Cash Balance actuarial valuation reports & PBGC filing requirements.
• Knowledge of advanced cross-testing concepts and ability to perform testing to determine the most cost-effective solutions to meet nondiscrimination requirements.

This is a fully remote position open to candidates across the United States. Preference will be given to candidates located in the Central and Eastern time zones.
The anticipated salary range for this position is $80,000-$150,000+, depending on experience, skill set, and geographic location.

Our Value-Driven Employee Experience:

• Flexible Workplace - Hybrid and remote options available for many roles.
• Flexible PTO - Competitive paid time off, including flexible & unlimited options.
• Inclusive Environment - A culture that values diversity, collaboration, and respect.
• Growth Opportunities - Support for ongoing learning and career development.
• Comprehensive Benefits - Health, dental, vision, life, and disability coverage.
• Workplace Perks - Incentive bonus programs, flexible hours, & more.

**Specific benefits and programs may vary by partner and position.