Sr. Consulting Actuary - Pension - REMOTE - 9893
This is a senior level position reporting into Chief Actuary. This position will work within a practice that focuses on a governmental PBGC contract providing actuarial support related to the private sector single employer and multiemployer pension fund systems, which requires significant and demonstrated success consulting to plan sponsors and/or trustees. This role will come in as a strong #2 in this practice with the goal of taking over as the #1 over time.
* The ideal candidate will be within 4 hours of the Greater Washington DC/Baltimore area as there will be travel to the area occasionally.
This role will perform many duties involving monitoring the corporate events and transactions of PBGC insured defined benefit pension plan sponsors and to provide actuarial analysis and negotiations support that will enable the PBGC to mitigate the risk exposure to the defined benefit insurance programs. This list is not exhaustive.
1. Provide lead consulting and client relationship management to the PBGC contracts;
2. Demonstrate listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings;
3. Assist with new and ongoing governmental contract development, expanding current contracts and market and prepare proposals for new contracts.
4. Prioritize, organize and delegate PBGC case and project assignments to staff;
5. Meet personal billable hours, revenue, sales, and recovery goals and manage allocation of staff resources to support the PBGC contracts;
6. Have a comprehensive understanding of ERISA Title IV;
7. Calculations of unfunded benefit liability (UBL), unfunded guaranteed benefit liability (UGL), and Title IV benefits related to ERISA §4044 and §4022;
8. Calculations of employer liability under ERISA §4062(e);
9. Calculations of IRC §430(k) lien amounts;
10. Calculations of IRC §430 minimum funding requirements;
11. Calculations of due and unpaid IRC §430 employer contributions (DUEC bankruptcy claims);
12. Development and maintenance of Excel/VBA tools to calculate PBGC UBL, UGL, DUEC, and liens;
13. Review and audit of PBGC single employer standard termination filings;
14. Analysis of single employer plan spinoffs and mergers (IRC §414(l));
15. Calculation of employer liability under ERISA §4063 & §4064 (multiemployer withdrawal liability; and alternative withdrawal liability calculations);
16. Review and audit of multiemployer special financial assistance filings to PBGC under ERISA §4262;
17. Calculations of asset and liability transfers under ERISA §4231;
18. Act as an advisor to the Chief Actuary and President on matters related to retirement plans and general actuarial matters.
Bachelor's degree (B. A.) from four-year college or university; minimum 12 years of significant actuarial experience within the single employer and/or multiemployer pension systems related to valuations, assumptions setting, experience analysis, plan design, strategic planning and benefit program software; minimum of 10 years as a leading consulting actuary.
Certificates and Licenses:
Enrolled Actuary (EA) required.
Fellow of the Society of Actuaries (FSA) preferred; or Associate of the Society of Actuaries (ASA) and pursuing FSA designation.