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Business Management

Actuary Full Time

Summary:

  • Nova 401(k) Associates is a fast-growing national Third-Party Administrator (TPA) with a focus on actuarial expertise.
  • The company has a nationally recognized sales team that drives its growth and provides advancement opportunities.
  • The DB team includes six enrolled actuaries and is looking to add another member to its team.
  • The role involves reviewing and signing actuarial reports, PBGC premium and plan termination forms, and various testing reports for qualified plans.
  • The actuary will also review plan documents, amendments, and benefit statements, and act as a technical resource for consultants and DB specialists.

Responsibilities:

  • Review and sign actuarial reports and Schedule SBs.
  • Review and sign PBGC premium and plan termination forms.
  • Review benefit certifications and IRS Non-discrimination testing reports.
  • Review and prepare plan designs in collaboration with the sales team.
  • Review plan documents and amendments, and benefit statements.
  • Review plan takeovers and prepare actuarial replications.
  • Act as a technical resource and mentor to consultants and DB specialists.

Requirements:

  • Bachelor’s degree.
  • Enrolled Actuary in good standing with the Joint Board and any actuarial organizations.
  • Minimum 10 years of experience in the qualified plan arena (small plan experience preferred).
  • Experienced with defined benefit/defined contribution combo plan designs and associated nondiscrimination testing.
  • Superior knowledge of IRC 401(a)(4), 415, 404, 416, 401(a)(9) regulations.
  • Well-versed in IRS notices and memos concerning qualified plans.
  • Ability to review plan takeovers and troubleshoot issues with the Nova software.
  • Ability to manage a dashboard of assigned work and meet internal deadlines.
  • Strong Microsoft Office skills, particularly Excel.
  • Team player with a positive attitude and commitment to lifelong learning.

Benefits:

  • Competitive salary of $120,000 – $150,000.
  • Medical, dental, disability, and life insurance.
  • Paid time off.
  • 401(k) plan with employer match.
  • All necessary computer equipment provided.
  • Nova pays for one national conference per year and associated actuarial membership dues.
  • Attendance at virtual education meetings sponsored by organizations like ASPPA.

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