Sr. Actuary - Pension - Hybrid

Description

Our client is looking for a senior actuary that will bring significant experience in defined benefit plan administration and actuarial expertise to support a Defined Benefit Calculations Team. The Actuary serves as a resource on Retirement Plan provisions, calculation methodologies, and administrative practices for internal teams and provides benefit administration guidance to various groups on complex benefit issues. The role is responsible for managing and serving as subject matter expert for annual IRS nondiscrimination testing process. Will also provide broad support to the team by managing various actuarial projects, and providing support for assigned special initiatives and studies.

Key Responsibilities

Serve as a subject matter expert for the Benefit Calculations Team, collaborating with Legal, Compliance, and Operations teams to research, analyze, and respond to emerging issues.

Review complex benefit calculations.

Manages the annual nondiscrimination testing, performing much of the analysis, and managing actuarial team members supporting the work. Collaborates with the Compliance Team on any combined Retirement Plan and 401k Plan testing required for passing IRC 401(a)(4), and consults on the changes/actions needed to address failures.

Collaborates with others on the Actuarial Team to address complex issues and establish new procedures and methodologies. Researches and analyzes emerging calculation and administration issues, and collaborates with other teams to resolve them.

Serve as lead actuary and consultant for assigned products and services.

Supports the development of new products and services by providing actuarial analysis, developing and reviewing co-op communication materials, creating tools and procedures for service delivery, and providing training to staff.

Performs and manages assigned projects, and peer reviews the work of others.

Serves as Actuarial Team liaison and subject matter expert on various cross-functional projects and initiatives.

Required Qualifications and Skills

Bachelor's degree in mathematics, actuarial science or equivalent field.

12+ years as a retirement consulting or valuation actuary

Enrolled Actuary, or Associate or Fellow of the Society of Actuaries.

Knowledge of ERISA, IRS and DOL regulations and laws related to defined benefit plan administration and solid non-discrimination testing experience

Five years of recent experience with performing and reviewing defined benefit plan non-discrimination testing, and consulting with clients on the range of potential actions needed to pass testing.

Five years of experience in performing benefit administration for large/complex defined benefit plans.

To apply please email: Matt Doman