Actuarial Specialist

FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.

Job Description

Section 1: Position Summary

Timely and accurate completion of actuarial projects for small cash balance plans. Position may focus on Silver service model cash balance plans.

Position Summary

• Analyze and edit employee census data
• Prepare actuarial valuations on cash balance plans
• Prepare PBGC annual premium forms
• Prepare trust reconciliations
• Prepare Form 5500
• Process benefit calculations
• Complete projects timely, accurately and cost effectively
• Update workflow system daily
• Perform technical research to answer questions as necessary
• Complete all applicable checklists and notes
• Actively participate in ongoing retirement industry related education including pension law
• Participate in process improvement and innovation
• Provide back up support to other departments as assigned
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
• Assist with other tasks and projects as assigned
  
  

Supervision

• Report to Manager, Actuarial Services
  
  

Section 3: Experience, Skills, Knowledge Requirements

Skills Needed

• Strong conceptual, analytical and math skills
• Excellent verbal and written communication skills, including the ability to communicate technical ideas
• Intermediate computer skills, including Excel
• Detail-oriented and accurate
• Self-starter taking responsibility for completing tasks in a timely fashion
• Strong organizational skills
• Ability to juggle multiple tasks and prioritize
• Team player
• Commitment to ongoing pension education
• Basic accounting skills
• Ability to work in fast paced office environment
• Dependable with excellent follow through on commitments and responsibilities
  
  

Experience Needed

• Entry level position; prior experience is not required
  
  

Travel Requirements

• None
  
  

EDUCATION/TRAINING NEEDED

• B.A. or B.S. degree preferred
• ASPPA or SOA exams leading to designations are preferred
  
  

We are proud to be an equal opportunity employer.

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