Actuary/Defined Benefit Administrator

Strongpoint Partners; United States; Remote; USD 80,000 - 120,000; Full time

Job summary

A leading tech-enabled retirement services platform is seeking experienced Enrolled Actuaries to manage compliance and client guidance across various Defined Benefit and Defined Contribution plans. This role offers the opportunity to thrive in a dynamic environment, focusing on client needs while driving professional growth within the organization.

Benefits

Flexible Workplace

Competitive PTO

Inclusive Environment

Development Opportunities

Comprehensive Benefits

Workplace Perks

Qualifications

• 3-5+ years of retirement plan experience required.
• Knowledge of ADP/ACP, 415, 410(b), Top Heavy testing essential.
• Ability to perform accrual-based trust accounting.

Responsibilities

• Manage compliance testing and government reporting independently.
• Discuss plan design changes and options with clients.
• Prepare and facilitate PBGC filings for plans.

Skills

Client Service

Project Management

Communication

Analytical Skills

Education

Enrolled Actuary designation

Tools

MS Office

PensionPro CRM software

Relius

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. With a coast-to-coast network of 14 leading firms including HowardSimon, Jocelyn Pension Consulting, Retirement Strategies Group (“RSG”), Retirement Planners and Administrators (“RPA”), Pension Financial Services (“PFS”), Pollard & Associates, Carlson Quinn, SI GROUP, Retirement Planning Consulting Group (“RPCG”), Karel-Gordon & Associates, Cash Balance Actuaries, Pension Consultants, Inc. (“PCI”), Actuaries Unlimited (“AUI”), and CRP – California Retirement Plans (“CRP”), 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.

Role Overview:

Strongpoint Partners is seeking experienced Enrolled Actuaries with Defined Benefit / Defined Contribution (DB/DC) Plan Administrator experience in the small business marketplace. An Enrolled Actuary will perform all levels of compliance testing and government reporting, and provide guidance to clients on plan design, contribution structure, and evolving legislative requirements.

This is a great opportunity for a motivated candidate who wants to develop within a fast growing organization. This individual must have strong project management and leadership skills, a high level of comfort with technology, and the personality to thrive in an entrepreneurial environment by being adaptable, creative, proactive, and eager to grow in this position as it evolves with the growth of the company.

We are currently looking to fill multiple EA roles in support of Strongpoint's partner groups - one will be working independently in support of a TPA group and another as part of an Actuary team. Opportunitiesmay be remote or in-office at one of our partner locations.

What you'll do:

• Ability to perform A-Z administration and to independently manage caseload of DB benefit plans.
• 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.
• Read and interpret legal plan documents and amendments.
• Discuss plan design changes and options with clients.
• Review and import census data and reconcile participant account data, including “receivable” contributions.
• Prepare 401(k) valuations/trust accounting/government reporting on an accrual basis.
• Perform and understand ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) combo non-discrimination testing.
• Coordinate year-end valuation and government reporting, including asset reconciliation/Trust Accounting for plans maintained on recordkeeping platforms.
• Provide actuarial and administration support to clients.
• Perform benefit calculations, valuations, AFTAP and schedule B.
• Other duties as assigned.

Required Experience:

• 3-5+ years of retirement plan experience.
• Enrolled Actuary designation to sign documents required.
• Excellent knowledge of ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) non-discrimination testing.
• 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.
• Ability to perform accrual-based trust accounting for Form 5500 purposes.
• Familiarity with cross-testing concepts.
• Proficiency in MS Office, including Word, Excel, & Outlook.

Preferred Experience:

• Experience with Relius.
• Ability to utilize & stay current with PensionPro CRM software.

Competencies:

• Organized individual able to set priorities, meet deadlines, and be detail-oriented.
• Exceptional approach to client service focusing on communications, timely solutions, and client needs.
• 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.
• Excellent analytical and problem-solving skills; strong math and/or accounting skills.
• 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.

Our Value-Driven Employee Experience:

• Flexible Workplace
• Competitive PTO
• Inclusive Environment
• Development Opportunities
• Comprehensive Benefits
• Workplace Perks