Manager, Actuarial & Technical Services

Automatic Data Processing, Inc.; United States; Remote; USD 140,000 - 170,000; Full time

Job summary

Automatic Data Processing, Inc. is seeking a Manager for Actuarial & Technical Services to support the annual administration of Defined Benefit and Retiree Medical plans.

This is a fully remote position within the United States, reporting to the VP – Chief Actuary. The role requires extensive actuarial and pension experience, Enrolled Actuary designation, and strong leadership skills for supervising or mentoring staff.

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.
• Knowledge of post-retirement medical plans.
• Prior supervisory or management experience a plus.
• Proficient in Microsoft Office, especially Excel; VBA and Macros a plus.

Responsibilities

• Funding and FASB valuations – Code valuation software for new plans, amendments, life insurance and assumption changes; reconcile assets and life insurance; calculate contribution requirements; prepare valuation reports and filings (Form 5500 & PBGC).
• Benefit calculations – Prepare/review benefit calculations for qualified and non-qualified plans including RMDs and QDROs based on plan provisions and IRS rules.
• 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

Communication skills

Interpersonal skills

Time management

Education

Actuarial/math degree

Tools

Proval

Excel VBA

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Manager, Actuarial & Technical Services

Actuarial Full Time Full Time Remote, US

Salary Range: $140,000.00 To $170,000.00 Annually

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.


• 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.