Actuarial Analyst - Combo Plans

at  DEFINITI LLC

Description:
Why work at Definiti? If you consider yourself a problem solver and appreciate working autonomously, a career at Definiti may be perfect for you. You’ll be able to directly contribute to the security and success of meaningful retirements for thousands while helping build a growing company. Most positions are fully remote, which provides work-life balance while working with, and for, your colleagues and clients. Definiti not only invests in the tools and retirement service technology to help you be successful in your role, but also supports your professional growth with training and certifications.
Definiti is a national retirement services company that helps clients manage and administer their retirement plans. We help clients define what’s possible and what’s next for their retirement plans.

EDUCATION AND QUALIFICATIONS

• High school diploma or GED required
• 3+ years of experience with the administration of CB/DB/401k Combo Plans
• Experience with ASC Software System highly preferred; would consider experience with Relius or Datair
• ASPPA Designations preferred

REMOTE WORKING REQUIREMENTS

• As a remote-first company, we have compiled expectations for a successful remote work environment:
• Ability to build rapport with others remotely while working productively with limited in-person interaction
• Designate a quiet, and well-lit space with a fast internet connection for your workspace, free of as many distractions as possible
• Be online and available to work during designated business hours in local time zone
• Accustomed to using Microsoft Teams or virtual-meeting applications to work with colleagues regularly on video and use the chat feature for quick communications
• Accustomed with file-storage and file-sharing tools such as Microsoft SharePoint and Citrix ShareFile

PURPOSE OF POSITION

The Actuarial Analyst - Combo Plans requires experience working with small market Cash Balance/Defined Benefit/401(k) Combo plans. The primary focus will be on cash balance pension plans with less than 100 participants that are tested in combination with a defined contribution plan. You will be working closely with a team of enrolled actuaries and direct client relationships with clients is expected.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Request, organize, and review Plan & Participant data
• Review & Reconcile Plan Asset Data
• Review Plan document and establish plan specifications within the ASC valuation system
• Prepare Annual Valuations in ASC for review and approval by Actuary
• Perform CB/401(k) Combo Annual IRS Coverage and Non-Discrimination testing (401a4, 410b, 401a26)
• Preparation of benefit calculations for terminated/retiring participants including calculation of optional forms of payment
• Plan Termination calculations for PBGC and non-PBGC covered Defined Benefit Plans
• Monitor and prepare Required Minimum Distribution calculations
• Prepare Government Form 5500s, Schedule SB, PBGC premium filing, 8955-SSA
• Complete Cash Balance/Defined Benefit Plan Projections upon request
• Work closely with RPC (Retirement Plan Consultant) to service case of Cash Balance/401k Combination Plans.
  Requirements: