Manager, Actuarial & Technical Services

Pentegra Retirement Services; United States; Remote; USD 120,000 - 180,000; Full time

Job summary

Pentegra Retirement Services is seeking an experienced actuary to support annual administration of Defined Benefit and Retiree Medical plans. This fully remote role reports to the VP – Chief Actuary and involves funding valuations, benefit calculations, and compliance testing.

Requires Enrolled Actuary designation, 10+ years of pension actuarial experience, and Proval software proficiency. Strong communication and leadership skills are essential for guidance and project work.

Qualifications

• 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 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.

Responsibilities

• 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, including RMDs and QDROs based on 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.

Skills

Actuarial experience

Pension knowledge

Supervisory experience

Analytical skills

Communication skills

Time management

Education

Actuarial Science/Math/Statistics degree

College degree

Tools

Proval valuation software

Excel (VB/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.

Responsibilities

• 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.