Actuary – Defined Benefit (REMOTE)

Job Description

Networks Connect is seeking a highly organized Actuary with Defined Benefit Plan experience.  This individual must be strong in analytical and communication skills.

Experience with Cash Balance Plans is required. Must be an Enrolled Actuary with a bachelor’s degree (or equivalent experience) and 5+ years of experience administrating DB and DC Plans without supervision. Experience with life insurance in a defined benefit plan is a plus.

Responsibilities include:

• 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

Salary range: $120,000+annually determined on experience and other factors.

We offer competitive wages with benefits including: medical, 401(k) profit sharing, paid vacation, sick leave and paid holidays.

Earnings

$120,000+ salary

Category

Financial Services