Section 1: Position Summary
Timely and accurate completion of actuarial projects for cash balance and traditional defined benefit plans. Position may focus on Silver service model cash balance plans.
Position Summary
- Analyze and edit employee census data
- Prepare actuarial valuations on cash balance and traditional defined benefit plans
- Prepare PBGC annual premium forms
- Prepare trust reconciliations
- Prepare Form 5500
- Process benefit calculations
- Complete projects timely, accurately and cost effectively
- Update workflow system daily
- Perform technical research to answer questions as necessary
- Complete all applicable checklists and notes
- Actively participate in ongoing retirement industry related education including pension law
- Participate in process improvement and innovation
- Provide back up support to other departments 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
- Report to Manager, Actuarial Services
Section 3: Experience, Skills, Knowledge Requirements
SKILLS NEEDED
- Strong conceptual, analytical and math skills
- Excellent verbal and written communication skills, including the ability to communicate technical ideas
- Intermediate computer skills, including Excel
- Detail-oriented and accurate
- Self-starter taking responsibility for completing tasks in a timely fashion
- Strong organizational skills
- Ability to juggle multiple tasks and prioritize
- Team player
- Commitment to ongoing pension education
- Basic accounting skills
- Ability to work in fast paced office environment
- Dependable with excellent follow through on commitments and responsibilities
EXPERIENCE NEEDED
- Entry level position; prior experience is not required
TRAVEL REQUIREMENTS
- None
PHYSICAL DEMANDS
- Must be able to sit for long periods (at least 8 hours per day).
- Must be able to work on a computer at least 8 hours per day (includes looking at a monitor, and typing using a keyboard and mouse).
EDUCATION/TRAINING NEEDED
- B.A. or B.S. degree preferred
- ASPPA or SOA exams leading to designations are preferred
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.
Working at
Ascensus, LLC.
Ascensus, LLC. is a leading provider of retirement and college savings solutions, serving millions of individuals and businesses across the United States. With a strong focus on helping people save for their future, Ascensus offers a comprehensive range of services, including retirement plan administration, education savings accounts, and health savings accounts. As an actuary at Ascensus, you'll be part of a dynamic team that plays a crucial role in ensuring the financial stability and success of clients' retirement and education savings plans. Actuaries at Ascensus utilize their expertise in risk assessment, statistical modeling, and data analysis to evaluate plan performance, forecast trends, and provide strategic insights. Collaborating with a diverse group of professionals, actuaries at Ascensus help design and develop innovative retirement and education savings solutions. Actuaries analyze data, assess risks, and provide valuable recommendations to help clients make informed decisions about their savings plans. Ascensus values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries can enhance their skills, stay up to date with industry trends, and contribute to the success of clients' savings goals. Join Ascensus' esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on individuals' financial futures, and enjoy competitive benefits in a collaborative and supportive work environment.