JOB OPPORTUNITES

DB Administrator – Remote – Pension – 10078

DB Administrator - Remote - Pension - 10078

Published: March 5, 2024
Location
Remote, Any
Job Type
Job ID
10078
Yrs Exp(min)
3+
Credentials
None
Salary (Mid)
$75,000
Bonus
Yes
Recruiter
Matt Doman
Recruiter Phone Number
630-519-5052

Description

Client looking to add an Administrator for Defined Benefit plans and to work on all aspects of administration in regards to these plans. Including assessing potential risks of company decisions or situations using statistics, financial theories, and mathematics. Their duties include estimating probabilities of the success of certain business decisions, projecting costs of potential natural disasters, deaths or sicknesses of company employees and designing insurance policies or business strategies to reduce a company’s financial risks.

Responsibilities:

Independently manage a caseload of approximately 50 401(k) / Cash Balance clients of A-Z administration (exclusive of 401(k) loan & distribution processing & plan documents/amendments).
Understand and interpret elements of Defined Benefit / Cash Balance Plan actuarial valuation & be able to communicate issues to in-house actuaries and clients
Prepare and facilitate PBGC filings for covered Defined Benefit Plans
Maintain industry knowledge and share information with client and team members
Keep up to date with changing 401(k) & Defined Benefit Plan legislative requirements
Read and interpret legal plan documents and amendments
Discuss plan design changes and options with clients
Review and import census data and reconcile participant account data, including “receivable” contributions
Perform and understand ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) combo non-discrimination testing
Coordinate year-end valuation and government reporting, including asset reconciliation/Trust Accounting for plans maintained on recordkeeping platforms

Qualifications:

Bachelor’s degree in actuarial science, mathematics, statistics, or a related field
Proven small plan administration knowledge to have clear understanding of business and financial concepts related to the industry
Exceptional approach to client service focusing on communications, timely solutions, and client needs
Strong verbal and written communication skills
Proficient in mathematics, statistics, and computer programming
Ability to work well under pressure with multiple priorities and deadlines
Excellent analytical and problem-solving skills
Strong organization skills to manage projects and meet tight deadlines
Ability to act with integrity, be proactive with client needs, seek to continuously improve service, constantly focus on professional growth and work collaboratively with the entire team

To apply please email: Matt Doman | 630-519-5052
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