Assistant Actuary/Enrolled Actuary

PPC Pension Consulting Inc.

New Fairfield, CT 06812, USA

Published: 6/14/2022

Full Time

Job Description

Job Summary

We are seeking a highly analytical and detail-oriented Enrolled Actuary to lead the valuation and administration of our clients' defined benefit pension plans. You will be responsible for signing actuarial reports, certifying funding requirements, and ensuring all plans adhere to IRS and PBGC standards. This role requires a blend of technical mathematical prowess, regulatory expertise, and the ability to communicate complex financial concepts to plan sponsors.

Key Responsibilities

Annual Valuations: Perform and oversee the calculation of minimum required contributions and maximum deductible limits for defined benefit plans.
Government Filings: Prepare and sign Schedule SB (Form 5500) and manage PBGC premium filings.
Compliance Testing: Ensure plans satisfy non-discrimination requirements and adhere to IRC sections such as 401(a)(4), 410(b), and 415.
Plan Design: Consult with clients on plan amendments, freezes, or terminations, providing cost projections and impact analyses.
Benefit Calculations: Review complex benefit calculations for participant distributions, including QDROs and lump-sum settlements.
Client Management: Act as the primary technical contact for plan sponsors, auditors, and legal counsel regarding pension funding and design.

Required Qualifications

Certification: Current Enrolled Actuary (EA) designation in good standing with the Joint Board.
Education: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
Experience: 5+ years of experience in pension actuarial consulting.
Technical Skills: Proficiency in actuarial valuation software (e.g., ASC) and advanced Excel modeling.

Core Competencies

Regulatory Mastery: Deep understanding of ERISA, PPA (Pension Protection Act), and relevant Internal Revenue Code sections.
Precision: High level of accuracy in data management and mathematical modeling.
Communication: Ability to translate "actuarial speak" into actionable business advice for non-technical clients & advisors.

Company DescriptionServicing clients in tri-state area for over 40 years

Company Description

Servicing clients in tri-state area for over 40 years