Actuary – Cash Balance Plans, Retirement Plans

This is a fully remote position, open to applicants in Arizona, +2 more states.

📋 Description

• Support the sales team by designing and communicating the technical ERISA components of Cash Balance, Defined Benefit, and Defined Contribution plans.

• Create and present forecasts for new business proposals based on insights from prospects and sales consultants.

• Clarify funding strategies for Defined Benefit and Cash Balance plans, including PBGC and non-PBGC plans, limits and minimums, plan adoptions, and any relevant new legislation.

• Oversee a portfolio of both existing and newly implemented clients, involving data review, testing, valuation preparation, and necessary government and regulatory filings.

• Leverage analytical software to analyze employee census data, current 401(k) and Profit Sharing plan documents, and ownership data to develop a Defined Benefit, Cash Balance, and/or 401(k)/Profit Sharing plan that meets the client’s needs while adhering to all relevant limitations, coverage, and nondiscrimination testing requirements established by ERISA.

• Identify and execute necessary changes and/or amendments to plan documents to meet client requirements or address client inquiries.

• Track the receipt of client census information to prioritize the completion of annual reporting obligations.

• Collaborate with administrators to ensure timely completion of discrimination compliance testing.

• Offer insights and support to colleagues involved in the administration of both 401(k) and cash balance or defined benefit plans.

• Deliver internal training to Alerus Sales and Administration Staff.

⛳️ Requirements

• Bachelor’s degree or equivalent relevant experience as an enrolled actuary approved by the Joint Board for the Enrollment of Actuaries in Active Status.

• Over 10 years of experience in complex defined contribution plan administration, including non-qualified plans, cross testing allocations, and other distinctive plan designs.

• Membership in the American Academy of Actuaries, Society of Actuaries, and/or the American Society of Pension Professionals & Actuaries.

• Possession of ASPPA’s MSEA certification or an equivalent qualification.

• Capability to perform all aspects of retirement plan compliance testing and allocations with minimal oversight.

• Ability to prioritize tasks, manage multiple projects, and meet deadlines in a dynamic environment.

• Exceptional written and verbal communication, organizational, and client service skills are essential.

• Maintain professional relationships with both internal and external clients.

• Work autonomously and establish priorities effectively.

• Strong analytical and problem-solving abilities with a keen attention to detail.

• Advanced proficiency in Microsoft Word and Excel.

🏝️ Benefits

• Comprehensive benefits package offering an extensive range of health and wellness benefits, including medical, dental, vision, life, and long-term disability insurance.

• 401(k) and ESOP options for retirement savings.

• Generous paid time-off policies, including flexible time off, company-paid holidays, parental leave, and bereavement leave.

• Learning and development opportunities for personal and professional career growth, along with advancement prospects.

• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.

• Commitment to community support through paid volunteer time and a company donation matching program.