Actuarial Analyst

Ascensus is the leading independent technology and service platform powering savings plans across America, providing products and expertise that help nearly 16 million people save for a better today and tomorrow.

Section 1: Position Summary

Assist in the actuarial valuation, administration and compliance of Defined Benefit and Cash Balance plans. Train in all facets of pension administration including distribution calculations, government forms, plan termination filings, compliance testing, AFTAPs, Annual Funding Notice, assist credentialed actuary in preparation of all client deliverables.

Section 2: Job Functions, Essential Duties and Responsibilities

• Initial 6 to 12 months:

  •  Learn pension law and its applicability to the services FuturePlan provides

  • Learn administration system(s) and enter plan information in them

  • Prepare plan information in designated formats

  • Learn government 5500 filing procedures

  • Read and develop a working knowledge of pension plan documents
     

• After 12 Months:

  • Prepare participant benefit calculations for review by enrolled actuary

  • Complete funding valuations for enrolled actuary to review and certify

  • Assist in testing combined plans for compliance and regulations

  • Prepare Pension Benefit Guaranty Corporation premium filings for review and certification by enrolled actuary

  • Learn IRS and PBGC Plan Termination procedures

  • Set up proposals and do preliminary run for review by enrolled actuary

  • Read and become familiar with regulations under ERISA law through self-study and company-sponsored training sessions.

• Keep files organized and up-to-date

• Update Workflow timely

• Provide back up to other teams as necessary

• Assist with other tasks and special projects as assigned

• 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.

• Our I-Client service philosophy and our 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.

• Assist with other tasks and projects as assigned

Supervision  

• N/A

Section 3:  Experience, Skills, Knowledge Requirements

• 0 - 5 years of industry experience

• Bachelor’s degree in math or math related field

• Demonstrated analytical and mathematical skills

• Excellent verbal and written communication skills, including the ability to communicate technical ideas

• Strong computer skills in Microsoft Office

• Detail-oriented

• Self-starter who will take responsibility for completing tasks in a timely fashion

• Manage and prioritize multiple tasks

• Team player

• Commitment to ongoing pension education

We are proud to be an Equal Opportunity Employer

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.