Enrolled Actuary, (Cash Balance Actuaries)

Strongpoint Partners; Chicago (IL); Remote; USD 64,000 - 200,000; Full time

Job summary

A leading tech-enabled financial services firm is looking for an Enrolled Actuary with over five years of experience in small business actuarial work. This fully remote position offers flexible schedules, excellent benefits, and a collaborative environment. Key responsibilities include performing actuarial valuations, preparing reports, and consulting on retirement plans, making this an exciting opportunity in a thriving team.

Benefits

Flexible workplace

Comprehensive benefits

Development opportunities

Competitive PTO

Inclusive environment

Workplace perks

Qualifications

• At least 5 years of relevant actuarial experience.
• Excellent knowledge of Cash Balance Plans.
• Ability to understand client business issues.

Responsibilities

• Perform actuarial valuations for Cash Balance plans.
• Prepare annual FASB reports and government filings.
• Lead retirement plan consulting projects.

Skills

Knowledge of 415 limit

Non-discrimination testing skills

Strong communication skills

Detail-oriented

Organizational skills

Ability to work under pressure

Education

Enrollment as an Actuary

Job description

Enrolled Actuary, (Cash Balance Actuaries)

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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.

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.

About Cash Balance Actuaries, (CBA):

With employees spread across 11 states, Cash Balance Actuaries (CBA) is an actuarial firm specializing in designing and administering flexible & easy-to-understand cash balance plans that meet the specific needs of each unique client. CBA is an operating partner of Strongpoint Partners, a leading tech-enabled financial services retirement platform backed by Shore Capital Partners (SCP).

Role Overview:

Cash Balance Actuaries, (CBA), a Strongpoint Partner, is seeking an experienced Enrolled Actuary with experience in the small business marketplace. To qualify for the position, candidates must be an Enrolled Actuary - enrolled by the Joint Board for the Enrollment of Actuaries to perform actuarial services under the Retirement Income Security Act of 1974 with at least five years of experience as an Enrolled Actuary. Responsibilities of this role include everything related to handling Cash Balance/Defined Benefit plans with fewer than 500 participants. Experience with and knowledge of ASC 715 and other FASB requirements is preferred. This is a great opportunity for a motivated candidate who wants to be an integral part of a growing financial services firm.

This is a virtual position where you would be expected to work from home. CBA provides extremely flexible work schedules, excellent benefits, and a laid-back, friendly environment. As part of a small company, you will have many responsibilities and will have to be flexible and friendly. Compensation will be commensurate with experience and ability. High performers will be rewarded as the pay structure will include a base salary plus quarterly and annual bonus structures.

PLEASE NOTE: This is a fully remote position and can be performed from anywhere within the United States. We are committed to supporting a flexible work environment and welcome candidates from all U.S. time zones.

Key Responsibilities:

• Perform and review actuarial valuations for Defined Benefit / Cash Balance plans in accordance with IRS laws and regulations.
• Prepare and review annual non-discrimination testing for qualified pension plans including Cash Balance, Defined Benefit, 401(k), Profit Sharing, and Money Purchase plans.
• Review PBGC filings and notices.
• Certify contribution and asset amounts for AFTAP.
• Prepare and review annual FASB reports.
• Prepare and review distribution packages and annual participant statements.
• Prepare, review, and deliver government form filings in a timely manner, (e.g., IRS & DOL form 5500, Schedule SB, etc.).
• Prepare preliminary design studies and projections that will meet all nondiscrimination requirements.
• Prepare, review, and consult regarding plan termination filings with IRS and PBGC.
• Represent clients in audits with IRS, PBGC and DOL, P/T Exemption and VCP Filings.
• Lead and/or participate in retirement plan consulting projects.
• Direct client contact and new business development is at your discretion and will be rewarded, but not required.
• Ability to work in energized, fast-paced environment.
• Other duties as assigned.
  
  

Qualifications:

• At least 5 years of relevant small plan actuarial experience.
• Knowledge of business entities as they relate to plan compensation and plan design.
• Excellent knowledge of 415 limit, 410(b), Top Heavy and 401(a)(4) non-discrimination testing.
• Thorough knowledge of Cash Balance Plans.
• Ability to understand client business issues how they affect the retirement plan.
• Organized individual able to set priorities, meet deadlines, and be detail-oriented.
• 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.
• 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.
  
  

Preferred Qualifications:

• Membership in at least one of the following:
• The Society of Actuaries (SOA)
• The American Society of Enrolled Actuaries (ASEA)
• The American Academy of Actuaries (AAA)
• The National Institute of Pension Administrators (NIPA)
  

Our Value-Driven Employee Experience:

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

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Technology, Information and Internet

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