Enrolled DB Actuary

Job Description

Networks Connect is conducting a search for an Enrolled DB Actuary that will work remotely. We are seeking a highly organized Actuary with Defined Benefit Plan experience.  This individual must be strong in analytical and communication skills.

Earnings

$130,000+ salary

Duties

• Prepare and sign Schedule SB Forms/Packages, AFTAP's , Annual Funding Notices and PBGC premiums
• Formulate and process benefit calculations and projected benefit estimates
• Calculate annual employer contribution requirements, prepare contribution letter, and communicate the contribution amount to the Consultant
• Make recommendations for plan contributions and provide guidance as limits are approached
• Design new plan proposals, including plan document and amendment work
• Conduct non-discrimination testing, including combined testing with DC plans
• Perform plan coverage testing under 410(b)
• Analyze plan documents to determine correct administrative components, and make client recommendations resulting in optimum plan operation for the client
• Assist with Takeover plans
• Complete benefit calculations and PBGC filings (where applicable) as part of the plan termination process

Requirements

• Experience with Cash Balance Plans is required
• 5+ years of experience administrating DB and DC Plans without supervision.
• Experience with life insurance in a defined benefit plan is a plus.

License / Certification

• Must be an Enrolled Actuary with a bachelor’s degree (or equivalent experience)

Benefits

• competitive wages
• medical
• 401(k) profit sharing
• paid vacation
• sick leave
• paid holidays