Join Our Growing Team as an Enrolled Actuary!
Are you looking to be part of a fast-growing national TPA where actuarial expertise is highly valued? Join us at Nova 401(k) Associates, where our nationally recognized sales team drives our growth and provides advancement opportunities and job stability for our professionals. Our DB team currently includes six enrolled actuaries, and we're excited to add another member!
Position: Enrolled Actuary
Location: Work from home anywhere in the US
Working at Nova:
- Most work is produced by a defined benefit specialist for the actuary to review
- A consultant is the client’s primary point of contact, with the actuary available for escalation issues
- Focus on micro- and small plans (no GASB or multi-employer plans)
- Primary software systems: Penguin for DB/DC testing and valuation, Pension Pro for Workflow management, ASC for DC only administration and Forms 5500, and Relius plan documents
- Weekly team meetings on MS Teams
Expected Duties:
- Review and sign actuarial reports and Schedule SBs
- Review and sign PBGC premium and plan termination forms
- Review benefit certifications
- Review IRS Non-discrimination testing reports
- Review and prepare plan designs and consultations with the Nova sales team
- Review plan documents and amendments
- Review benefit statements
- Review plan takeovers and prepare actuarial replications
- Act as a technical resource and mentor to consultants and DB specialists
Qualifications:
- Bachelor’s degree
- Enrolled Actuary in good standing with the Joint Board and any actuarial organizations
- Minimum 10 years of experience in the qualified plan arena (small plan experience preferred)
- Experienced with defined benefit/defined contribution combo plan designs and associated nondiscrimination testing
- Knowledge of IRC 401(a)(4), 415, 404, 416, 401(a)(9) regulations
- Well-versed in regulations, IRS notices, and memos concerning qualified plans
- Ability to review plan takeovers, identify missing documents, data, and issues
- Ability to troubleshoot replications that do not match the Nova software and communicate with the previous actuary to resolve differences
- Ability to manage a dashboard of assigned work and meet internal deadlines
- Team player with a positive attitude
- Excellent Microsoft Office skills, particularly Excel
- Committed to lifelong learning and coachable
- Experience with ASC 715/960 is a plus
- Flexibility and adaptability
Work Location/Hours:
- Work from home
- Must be authorized to work for any US employer
- Flexible start time between 7:30 am and 9:00 am
Compensation and Benefits:
- Competitive salary: $120,000 - $150,000
- Medical, dental, disability, and life insurance
- Paid time off
- 401(k) plan with employer match
- All necessary computer equipment provided
Professional Development:
- Nova will pay for one national conference per year and associated dues for one actuarial membership, in addition to Enrollment dues
- Attendance at virtual education meetings sponsored by organizations such as ASPPA
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What We Do
Nova 401(k) Associates provides third party administration services for 401(k) plans and actuarial services for defined benefit and cash balance plans. In this dog-eat-dog world, we give clients and financial advisors the resources and knowledge they need to make informed decisions and run retirement plans successfully.
At Nova 401(k) Associates, we understand your 401(k) plan is a small part of your business. And while your 401(k) plan may seem like a little detail, if you either don’t structure your plan correctly or aren’t proactive in managing it, your 401(k) plan can become a big headache. We fully understand the ins and outs of the 401(k) industry, so we don’t waste your time or money when it comes to creating an efficient 401(k) plan.
The best way for us to serve our clients, is to understand their business. It’s the only way we can tell you what you need to know. Our account managers are skilled at listening to clients and asking the right questions to get to the client’s real goals, issues and problems, so that we can correctly consult without making inaccurate assumptions.
When it comes to 401(k) plan expertise, we cut through the clutter and spare you the information overload. Our account managers are critical thinkers and understand the importance of clear, consistent communication. They talk to our clients and partners in a language they understand. At Nova 401(k) Associates, we offer actionable solutions instead of theoretical approaches
