Position Purpose:
- Assist in the valuation, administration and compliance of Defined Benefit and Cash Balance plans. Train in all facets of pension administration.
- Essential Duties and Responsibilities:
- 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.
- The I-Client philosophy and the 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.
- Provide superior customer service, including problem solving with minimal inconvenience to clients
- Provides effective and timely written communications in a clear, concise and informative manner
Initial six months:
- Learn pension law and its applicability to the services Ascensus provides
- Interact with clients to obtain essential information necessary to provide services
- Learn administration system(s) and enter plan information in them
- Learn and understand how to interact with on-line recordkeeping systems
- Prepare plan information in designated formats
- Learn government filing procedures
- Read and develop a working knowledge of pension plan documents
After 6 Months:
- Prepare benefit calculations for certification by enrolled actuary
- Setup and update valuation process for actuary to complete
- Provide superior customer service with minimal disruption to clients
- Assist in testing combined plans for compliance and regulations
- Prepare Pension Benefit Guaranty Corporation premium filings for review by enrolled actuary
- Set up proposals and do preliminary run for review by enrolled actuary
- Communicate with clients or financial professionals as needed in support of the enrolled actuary
- Read and become familiar with regulations under ERISA law through self study and company-sponsored training sessions.
Minimum Requirements:
- Bachelors degree in actuarial science, math or math related field; Overall GPA 3.0 or higher; Math or Actuarial GPA 3.5 or higher
- Passing grade on at least one actuarial exam
- Excellent analytical and communication skills
- Demonstrated expertise with Microsoft, particularly Excel applications
- Demonstrated technical proficiency
- Strong attention to detail and the ability to prioritize, manage tasks and meet deadlines in connection with business operations
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
Top Skills
What We Do
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. We’re also one of the savings plan industry’s leading providers of outsourced services. Our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers.
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.
