Defined Benefit Plan Analyst & Valuations

Cuna Mutual Group; Juneau (AK); On-site; USD 42,716 - 74,752; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Employee assistance program

Life insurance and disability plans

Parental leave

Paid time off

401(k) retirement plan

Tuition reimbursement

Job summary

TruStage is seeking a Defined Benefit Plan Specialist to oversee annual administration, benefit calculations, and required reporting. You will process census data, prepare valuations, and manage distributions with the Pension Financial Unit as needed.

The role requires strong analytical skills, MS Office proficiency, and independence. Responsibilities include preparing government filings, benefit statements, and supporting plan design proposals, with opportunities to train others in the Defined

Qualifications

• One year of post-high-school coursework in business, accounting, mathematics, computer science, or equivalent professional experience.
• Four years of retirement plan administration experience for defined benefit plans.
• Proven ability to work independently with minimal managerial assistance.
• Proven interpersonal and customer-service skills.
• Strong analytical, critical-thinking, problem-solving, and decision-making skills.
• Proficiency in the MS Office environment.

Responsibilities

• Maintain employee census data for defined benefit plans, including data entry and data uploads.
• Prepare the annual valuation for defined benefit plans and review assumptions with the Senior Actuary.
• Calculate benefit payment options and deliver benefit paperwork to participants.
• Process distributions using the EScape system and coordinate annuity purchases when needed.
• Prepare estimated benefit calculations for requested future termination dates for active participants.
• Prepare annual premium billing for policy-funded defined benefit plans and generate billing documents.
• Prepare annual benefit statements for participants.
• Prepare annual government reporting forms such as IRS Form 5500 and Schedule B.
• Communicate with clients and staff about missing information or inquiries.
• Assist Retirement Consultants and Senior Actuary with proposals illustrating plan design impacts.
• Assist in creating and maintaining the Defined Benefit Administration procedure manual.
• Assist in training other Defined Benefit Plan Specialists.

Skills

Analytical thinking

Customer service

MS Office proficiency

Independent worker

Decision making

Education

One year of post-high-school coursework in business, accounting, mathematics, computer science, or equivalent professional experience

Tools

MS Office

Job description

TruStage is seeking a Defined Benefit Plan Specialist to oversee annual administration, benefit calculations, and required reporting. You will process census data, prepare valuations, and manage distributions with the Pension Financial Unit as needed.

The role requires strong analytical skills, MS Office proficiency, and independence. Responsibilities include preparing government filings, benefit statements, and supporting plan design proposals, with opportunities to train others in the Defined