Remote DB Enrolled Actuary | Defined Benefit Expert

PRIME PENSIONS INC; Sacramento (CA); Hybrid; USD 100,000 - 130,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Health Savings Account (HSA)

Life insurance

401(k) retirement plan with employer…

Paid time off

Professional development opportunities

Job summary

Prime Pensions, Inc. is a trusted retirement plan administrator and actuarial firm serving employers nationwide.

The DB Enrolled Actuary will perform valuations, testing, plan design, and regulatory filings for defined benefit and cash balance plans, working closely with consultants to deliver accurate, timely service to small-plan clients. The ideal candidate is an experienced Enrolled Actuary with small-plan market experience, able to collaborate with consultants and staff, and to stay current

Qualifications

• Bachelor's degree in actuarial science, math or related field
• 5+ years experience in the pension industry
• Enrolled Actuary designation (may be studying for final exam)
• Strong verbal/written communication, analytical, and critical thinking
• Proficiency with Microsoft and valuation applications, FT William preferred
• Experience certifying annual funding valuations for owner-only and staff under 100 lives
• Knowledge of 401(a)(26), 401(a)(4), 410(b), top-heavy and 404 deductibility testing
• Experience designing complex plan proposals and cost studies
• Experience reviewing plan documents and amendments
• Knowledge PBGC coverage and annual premium filings
• Experience with Schedule SB, AFTAP, Annual Funding Notices
• Plan termination calculations and wind-down planning
• IRC Section 415 requirements
• Ability to integrate to support consultants to meet clients' needs

Responsibilities

• Complete, review, and certify annual funding valuations for defined benefit, cash balance, and DB/DC plans
• Perform and review required compliance testing (IRC 401(a)(26), 401(a)(4), 410(b), top-heavy, 404 deductibility)
• Prepare complex plan-design proposals and cost studies
• Review plan documents and amendments for accuracy and regulatory compliance
• Prepare and review Schedule SB filings, AFTAP certifications, and Annual Funding Notices
• Determine PBGC coverage and support annual premium filings
• Perform plan-termination calculations and assist with wind-down strategies
• Apply IRC 415 limits and other pension regulations
• Use valuation software and Microsoft applications for analyses and deliverables
• Collaborate with consultants to resolve technical issues and meet client needs
• Communicate actuarial findings clearly to consultants and stakeholders
• Maintain current knowledge of pension laws, regulations, and professional requirements

Skills

Verbal communication

Written communication

Analytical thinking

Critical thinking

MS valuation software

Education

Bachelor's degree in actuarial science or mathematics

Enrolled Actuary designation

5+ years pension industry experience

Tools

FT William

Job description

Prime Pensions, Inc. is a trusted retirement plan administrator and actuarial firm serving employers nationwide.

The DB Enrolled Actuary will perform valuations, testing, plan design, and regulatory filings for defined benefit and cash balance plans, working closely with consultants to deliver accurate, timely service to small-plan clients. The ideal candidate is an experienced Enrolled Actuary with small-plan market experience, able to collaborate with consultants and staff, and to stay current