Job Description

ENROLLED ACTUARY - REMOTE WORK OPPORTUNITY

Loren D. Stark Company (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.

This is an excellent opportunity to join a privately owned Third Party Administrator (TPA) working hands-on with ERISA and TAX issues with a team-orientated culture and play an important role in managing client relationships while also handling basic administrative tasks and routine projects.

This role is a remote position, which means that the candidate would not be working in an office environment and will have the ability to work from home or other off-site location.

Our ideal candidate will be well experienced with a “get it done” attitude, technically astute but not trying to find every penny, business savvy with an understanding we’re here to help 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.

ESSENTIAL FUNCTIONS AND DUTIES:

The purpose of this position is manage a caseload of defined benefit plans including qualified, non-qualified and post retirement welfare plans. The Enrolled Actuary will supervise a small group of professionals and work on various projects as assigned.

• Running both traditional and cash balance defined benefit plan designs projections, based on client needs and employee demographics,
• Preparing actuarial valuations, including minimum recommended and maximum funding requirements,
• Performing 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,
• Sign IRS Form 5330 (if any),
• 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,
• Reviewing plan documents,
• Preparing all required IRS and PBGC filings, including those needed at plan termination,
• Reviewing employee data to ensure accurate information received within prescribed guidelines,
• Reviewing employee census to determine plan eligibility requirements and benefit accruals,
• Calculating benefits and providing forms for participant benefit distributions, including lump sums,
• Reviewing plan assets and trust reconciliations,
• Communicating and following up on specific client instructions to ensure plan compliance,
• Comprehensive understanding of control groups, affiliate service groups,
• Must be comfortable in a public speaking environment and demonstrate ability to convey complex information in a simple and organized format to a wide variety of audiences,
• Ability to work in a fast-paced environment with minimal instruction and a high degree of accuracy,
• Sets priorities and manages 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 by utilizing good communication skills, cooperating purposefully and providing information and guidance, as needed, to achieve the business goals of the company,
• Other duties as assigned within the scope of responsibilities and requirements of the job,
• Some travel may be required.

REQUIRED QUALIFICATIONS:

• A Bachelor’s degree in mathematics, business, finance, accounting, economics or related field,
• Completion of actuarial exams,
• At least 10 years of experience in the industry, specifically with defined benefit and cash balance plans, including non-discrimination testing,
• The ability to supervise a team of professionals and while managing many clients and deadlines,
• The ability to communicate effectively with clients, participants and consultants,
• Experience with defined contribution plans is preferred,
• Experience with Excel, ASC and FT Williams software is preferred,
• Ability to negotiate, research, and communicate verbally and in writing effectively.

LDSCO offers a challenging and rewarding work environment supported by a total compensation program that includes:

• Competitive Base Salary,
• Full Benefits Package (Medical, Dental, Vision, Life, and Cafeteria Plans),
• Paid Leave (Vacation, Personal Day, Holidays and Fun Day Friday Program),
• Retirement Plan 401K and Safe Harbor Contribution,
• Personal and Professional Development,
• Rewards and Recognition Program,
• Entrepreneurial Culture,
• Strong Team Environment with Social and Team Building Activities.

LDSCO is an Equal Opportunity Employer.

Company Description

Loren D. Stark Company (LDSCO), as a Retirement Plan Consulting firm, has developed a close relationship with the business community in Houston and across Texas, Louisiana and Oklahoma. From the beginning our aim has been to give our clients with a Plan design that meets the needs of the business owner(s), as well as the employees. LDSCO believes that the selection of an Employee Benefits Consulting Firm will have a significant impact on the shape and perception of your Employee Benefit Program. Hiring the right Third Party Administrative (TPA) firm will make that impact positive and add value to an employer’s Retirement Plan. In making a recommendation to a prospective client, LDSCO prepares custom illustrations identifying the different results obtainable by the employer. These recommendations may include Safe Harbor provisions, New Comparability, Integrated allocation features, as well as Defined Benefit plan designs. The LDSCO Staff of Actuaries, Attorneys and Consultants are specialists in Pension, Profit Sharing, Cash Balance, Employee Stock Ownership and 401(k) Plan Administration. These services include in part plan design and document preparation, compliance testing and reporting, annual plan participant ERISA compliance statements, participant loan and distribution documentation, and the plan’s signature ready Form 5500. LDSCO has an ongoing commitment to the development and integration of state-of-the-art technology and services to give our clients with the most comprehensive Retirement Plan available.