Note: The job is a remote job and is open to candidates in USA. Prime Pensions, Inc. is a company focused on pension administration, and they are seeking a Defined Benefit Administrator/Enrolled Actuary. The role involves ensuring compliance for Defined Benefit retirement plans, analyzing plan documents, and providing administrative support to consultants servicing clients.
Responsibilities
- Analyze plan documents to determine correct administrative components, and make client recommendations resulting in optimum plan operation for the client
- Determine participant eligibility
- Conduct non-discrimination testing
- Perform plan coverage testing to include: 410(b)/Highly Compensated/Top Heavy
- Confirm participant vesting
- Calculate annual plan contributions and provide guidance as limits are approached
- Prepare and Sign Schedule SB Forms/Packages, AFTAP's, Annual Funding Notices, PBGC and FASB's
- Calculate vesting and prepare termination calculations
- Prepare monthly benefit calculations
- Calculate annual employer contribution, prepare contribution letter, and communicate the contribution amount to the Consultant
- Design new plan proposals
- Assist with Takeover plans
- Enter document provisions in Datair
- Tracks all completed work in WIP, Time tracker and APC Gold programs
- Maintain satisfactory attendance with focus on peak workload periods
- Coordinate defined benefit compliance work-flow as assigned
- Participate in group or individual discussions regarding department process or policy improvements
- Assist with training or research
- Mentor staff/coworkers with training, assistance or research
- Other duties may be assigned
Skills
- Enrolled Actuary
- Bachelor's degree or equivalent experience
- 5+ years of experience administrating DB and DC Plans with minimal supervision
- Excellent math and analytical skills (supported by experience and/or related coursework)
- Knowledge of current IRS, DOL and PBGC regulations
- Full competency for design and testing of Floor Offset and Combined Plans
- Ability to concentrate; highly organized and detail oriented individual
- Highly skilled in plan administration, while requiring little supervision
- Strong problem solving and interpersonal skills
- Ability to maintain high degree of accuracy
- Experience with plan administration software and ability to understand and manipulate the detailed mechanics
- Ability to meet internal turnarounds and productivity requirements
- Ability to work quickly and accurately under deadlines
- Ability to interpret complex technical literature
- Ability to interpret information and utilize resources to complete work assignments
- Ability to research and propose accurate and detailed solutions to administrative questions
Company Overview