Job Description
This is a remote position.
COMPANY: A 4th generation, family owned TPA, Loren D. Stark Company (LDSCO) https://ldsco.com/ understands our employees are our most valuable asset. When our forefathers founded this company, they established a precedent for integrity, professionalism and loyalty to their employees and clients. This concept has been taught by example in continuing to guard and protect our reputation which has always been the hallmark of LDSCO. As our employees are participants in this honorable tradition, they contribute to LDSCO by maintaining their own personal reputation for integrity, professionalism, and loyalty to the company and to our clients. If you are interested in a stable family-oriented company with a desirable work-life balance and a permanent employer, look no further!
LDSCO is currently seeking an experienced and motivated Enrolled Actuary to manage a caseload of defined benefit plans with exceptional negotiation, research and communication skills. The Enrolled Actuary serves as the primary Actuary for a caseload of retirement plans working with LDSCO’s departments and external plan advisors to satisfy the needs of our plan sponsors with the primary goal of building lasting, value driven, client relationships by providing an exceptional customer service experience.
The position offers a remote work opportunity with competitive compensation package.
JOB DESCRIPTION: The candidate must:
Manage a caseload of defined benefit plans including qualified, non-qualified and post retirement welfare plans
Supervise a small group of professionals and work on various projects as assigned
Run traditional and cash balance DB plan designs projections based on client needs and employee demographics
Prepare actuarial valuations, including minimum recommended and maximum funding requirements
Perform annual IRS non-discrimination testing, including cross-testing with defined contribution plans
Review and approve actuarial valuation of defined benefit and cash balance plans
Review and sign IRS Form 5500 Schedule SB actuarial report for all such plans
Approve initial design and annually review design of defined benefit plans, including suggesting amendments to plans as needed
Review Financial Accounting Standards Board (FASB) reports for plans requiring such reports
Certify annual Pension Benefit Guaranty Corporation (PBGC) premium payment and plan termination findings
Review and approve distributions from defined benefit plans
Represent plans in IRS audits
Research issues regarding pension law and maintain current knowledge of changes in such law
Review plan documents, Prepare all required IRS and PBGC filings, including those needed at plan termination
Review employee data and to ensure accurate information received within prescribed guidelines and employee census to determine plan eligibility requirements and benefit accruals
Calculate benefits and provide forms for participant benefit distributions, including lump sums
Review plan assets and trust reconciliations
Requirements The candidate will:
Have 8 or more years’ experience in the industry, specifically with defined benefit and cash balance plans, including non-discrimination testing
Demonstrate the ability to supervise a team of professionals while managing many clients and deadlines
Hold a bachelor’s degree or comparable professional work experience
Demonstrate the ability to work in a fast-paced environment with minimal instruction and a high degree of accuracy
Set priorities and manage workflow to ensure efficient, timely and accurate production of tools and materials
Maintain a cordial and effective relationship with internal clients, external clients and team members
Interact with others effectively, cooperating purposefully and providing information and guidance, as needed, to achieve the business goals of the company
Demonstrate superior interpersonal, written and verbal communication, and negotiation skills
Display a “get it done” attitude
Have technology and computer proficiency in Microsoft Office; ASC & FT Williams experience preferred
Have completed actuarial exams
NO PHONE CALLS TO LDSCO, PLEASE.
Benefits Health
Dental
Paid Time Off
401k