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Manager, Actuarial & Technical Services

Role overview

Qualifications

  • College degree required
  • Enrolled Actuary designation required
  • Ten or more years of practical actuarial and pension experience
  • Proficient in Proval valuation software

Responsibilities

  • Code valuation software for Funding and FASB Valuations
  • Prepare/review benefit calculations for qualified and non-qualified plans
  • Analyze data and perform non-discrimination testing
  • Prepare plan amendments and assist with plan terminations

Key facts

  • Remote from: United States
  • Full time
  • Expert & Leadership (>10 years)
  • English

Hard skills

Other skills

  • Microsoft Office
  • Microsoft Excel
  • Communication
  • Social Skills
  • Time Management

About the company

Pentegra Retirement Services logo

Pentegra Retirement Services

  • Asset & Wealth Management
  • SME
  • 201–500
Pentegra is a leading provider of retirement plan and fiduciary outsourcing solutions nationwide. As one of America’s oldest independent fiduciaries, we deliver retirement plans that run with less risk, greater efficiencies and improved outcomes. With an 80-year legacy of fiduciary expertise and oversight unmatched in the industry today, we partner with firms at the advisor, sponsor and enterprise level to bring maximum flexibility to every opportunity, offering a comprehensive array of retirement plan solutions, plan consulting, TPA services and fiduciary support. Learn more at pentegra.com.

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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.

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