Defined Benefit Team Leader

Nova 401(k) Associates; Houston (TX); Remote; USD 120,000 - 150,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Disability insurance

Life insurance

Paid time off

401(k) plan with employer match

Job summary

Nova 401(k) Associates is seeking a Team Leader for the Defined Benefit Team to lead a group of 10-15 actuaries and DB specialists. The role focuses on service quality, performance metrics, and staff development while supporting Nova's culture and goals.

The candidate should have 10+ years in the retirement plan industry with 5+ years of supervisory experience, and hold or pursue relevant credentials. This position can operate remotely within the United States, with periodic travel to Houston

Qualifications

• 10+ years of retirement plan industry experience, including defined benefit, cash balance or combo plans.
• 5+ years of supervisory or management experience in retirement plans.
• Credentials such as NIPA, ASPPA, EA, ASA preferred.
• Bachelor's degree required; related field preferred.
• Strong knowledge of ERISA, IRS, Treasury Regulations and nondiscrimination testing.
• Ability to manage workload toward weekly goals in a team setting.
• Ability to interpret pre-approved and individually designed plan documents.
• Strong research and analytical skills; excellent written and verbal communication.
• Superior organizational skills; flexible, adaptable and coachable.
• Demonstrated leadership through others and decision-making in complex client situations.

Responsibilities

• Manage a team of 10-15 actuaries and DB specialists with oversight of service quality and performance metrics.
• Model and reinforce Nova values, set expectations, and align work with company goals.
• Develop team members through coaching, training and feedback throughout the year.
• Collaborate with Combo AM, Sales and leadership; serve as escalation point for complex issues.
• Stay current with regulations and proposed changes affecting DB/combination plans.
• Coordinate Nova's annual broker cash balance plan external webinar.
• Oversee DB plan termination processes and streamline workflows.
• Build processes to prepare distribution packages for DB plans accurately and efficiently.
• Manage client projects by prioritizing, communicating progress, and ensuring timely deliverables.
• Perform other duties as required.

Skills

Staff leadership

Retirement plan knowledge

Communication skills

Analytical skills

Regulatory knowledge

Prioritization

Lifelong learning

Coaching

Education

Bachelor's degree

Actuarial/Math/Finance/Business degree preferred

Job description

Nova 401(k) Associates is hiring a Team Leader for the Defined Benefit (DB) Team. This role leads Nova's Defined Benefit Team and manages a team of actuaries and DB specialists with accountability for team performance, staff development, client service quality, and continuous improvement across DB and combo plan work.

The Team Leader will train, coach, and develop junior staff; set goals; support performance reviews; help shape team policies; resolve complex service issues; strengthen core processes; and help the team deliver accurate, timely work while supporting Nova's culture and business goals. Success in this role is measured primarily by the effectiveness, development, and results of the team. Qualified candidates should have at least ten years of retirement plan industry experience and five years of supervisory or management experience.

Job Responsibilities

• Manage a team of 10-15 actuaries and DB specialists, including oversight of service quality for internal and external combo plan clients, progress against Nova's performance metrics, training and feedback for team members, and completion of salary and performance reviews
• Champion Nova's values and policies by modeling strong leadership, reinforcing expectations, and helping team members understand how their work supports company goals
• Develop team members through ongoing coaching, training, feedback, and support throughout the year
• This role works closely with Nova's Combo AM, Sales, and leadership teams and serves as an escalation point for complex DB and combo plan service issues
• Keep current with new regulations and legislation as well as an awareness of proposed regulations and legislation
• Assist with coordinating Nova's annual broker cash balance plan external webinar
• Oversee the DB plan termination process and help design a strategy to streamline that process
• Build a team and process to efficiently and accurately complete distribution packages for the DB plans
• Manage client special projects by coordinating priorities, communicating progress, and helping ensure deliverables are completed accurately and on time
• Other duties as required

Qualifications

• 10+ years of retirement plan industry experience, including significant experience with defined benefit plans, cash balance plans, or combo plan administration
• 5+ years of supervisory or management experience in the retirement plan field
• Relevant retirement plan credentials preferred, such as NIPA, ASPPA, EA, ASA, or other actuarial or retirement plan credentials
• Bachelor's degree required; degree in actuarial science, mathematics, finance, accounting, business, or a related field preferred
• Strong knowledge of ERISA, the Internal Revenue Code, Treasury Regulations, and nondiscrimination testing, including ADP/ACP, 415, 410(b), Top Heavy, and 401(a)(4) requirements
• Ability to manage and prioritize workload towards weekly goals in a results-oriented team environment
• Able to interpret provisions of pre-approved and individually designed plan documents
• Strong research and analytical skills
• Excellent written and verbal communication skillsSuperior organizational skills
• Flexibility, adaptability and ability to multi-task
• High level of critical thinking
• Committed to lifelong learning and coachable
• Demonstrated ability to lead through others, coach technical staff, make decisions in complex client situations, communicate clearly with internal partners, and balance quality, timeliness, and team capacity

Compensation and Benefits

• Base salary range: $120,000-$150,000
• Salaried, exempt
• Medical, dental, disability, and life insurance
• Paid time off
• 401(k) plan with employer match

Work Location/Hours

• Work from home
• Must work from within the United States and be authorized to work for any U.S. employer
• We will supply all necessary computer equipment
• You may choose a start time between 7:30 am and 9:00 am Central Tim
• Expected to travel to Houston, TX, 3-4 times per year for leadership meetings and team-building activities

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