Actuary/Cash Balance Specialist
Core
Interpret Defined Benefit/Cash Balance Plan actuarial valuations, prepare PBGC filings, and discuss plan design changes with clients.
Role type
Actuarial Analyst / Defined Benefit Administrator
Builds
PBGC filings, 401(k) valuations, trust accounting, and government reports for small/mid-size DB plans
Domain
Retirement services / Defined Benefit Plans / Cash Balance Plans
Required skills
Defined Benefit/Cash Balance actuarial valuation, PBGC filing requirements, 401(k) valuations, trust accounting, benefit calculations, AFTAP, schedule SBs, cross-testing concepts
Preferred skills
Enrolled Actuary designation, advanced cross-testing concepts
Technologies
PBGC systems, 401(k) reporting tools
Responsibilities
Prepare and facilitate PBGC filings for covered Defined Benefit Plans, Perform benefit calculations, valuations, AFTAP and schedule SBs, Discuss plan design changes and options with clients, Keep up to date with changing 401(k) & Defined Benefit Plan legislative requirements
Seniority
Mid-level, hands-on IC