Manager, Actuarial & Technical Services

Pentegra Retirement Services; Oregon; Hybrid; USD 120,000 - 180,000; Full time

Job summary

Pentegra Retirement Services in the United States is seeking an experienced actuary for a fully remote role to support the administration of Defined Benefit and Retiree Medical plans. This exempt position reports to the VP – Chief Actuary and offers a fully remote work arrangement.

Responsibilities include funding and FASB valuations, benefit calculations, non-discrimination testing, plan amendments, and PBGC coordination.

Qualifications

• Bachelor's degree in actuarial science, mathematics or statistics.
• Enrolled Actuary designation is required; professional certifications (FSA/ASA) are a plus.
• Ten or more years of practical actuarial and pension experience.
• Proficiency with ProVal valuation software.
• Cash balance plan experience is a plus.
• Knowledge of post-retirement medical plans.
• Strong supervisory and mentoring abilities.

Responsibilities

• Support the annual administration of Defined Benefit and Retiree Medical plans.
• Code valuation software (including new plans, amendments), reconcile assets and life insurance, prepare valuation reports and government filings.
• Prepare/review benefit calculations for qualified and non-qualified plans including RMDs and QDROs.
• Perform data analysis for 410(b) tests and 401(a)(26) participation tests.
• Prepare plan amendments, funding projections, and assist with terminations in coordination with PBGC.
• Provide training, mentoring and oversight to junior staff.

Skills

Solid communication skills

Interpersonal skills

Time management

Training / mentoring

Delegation / feedback

Education

Actuarial certification (Enrolled Actuary)

College degree in Actuarial Science / Mathematics / Statistics

FSA or ASA designation (plus)

Tools

ProVal valuation software

Microsoft Excel (VBA / Macros)

Job description

Reports to

VP – Chief Actuary

Classification

Exempt

Job Summary

Support the annual administration of Defined Benefit and Retiree Medical plans.

This is a fully remote position.

Funding and FASB Valuations

• Code valuation software (including new plans, plan amendments, life insurance and assumption changes). Reconcile assets and life insurance, calculate contribution requirements, prepare valuation reports and government filings including Form 5500 & PBGC submissions.

Benefit Calculations

• Prepare/review benefit calculations for qualified and non-qualified plans and including RMDs and QDROs based on the plan provisions, IRS Rules, and actuarial factors.

Non-Discrimination Testing

• Analyze data and perform 410(b) minimum coverage tests, 401(a)(26) participation tests and 401(a)(4) general tests.

Special Projects

• Prepare plan amendments, cost/funding projections, and assist with plan terminations in coordination with PBGC.

Requirements

• College degree required.
• Actuarial Science, Mathematics or Statistics preferred.
• Enrolled Actuary designation required; FSA or ASA designation a plus.
• Ten or more years of practical actuarial and pension experience.
• Proficient in Proval valuation software.
• Cash balance plan experience a plus.
• Knowledge of post-retirement medical plans.
• Prior supervisory or management experience a plus.
• Proficient in Microsoft Office, especially a working knowledge of Excel (Visual Basic and Macros a plus).
• Solid communication skills, both oral and written.
• Strong interpersonal skills for training, mentoring, delegating, providing feedback.
• Superior time management skills; adapt to rapidly changing priorities.