Job Description

Job Description

Job Description

Consulting Actuary (Work from Home) $122k-$128k

Employment Type

Full-Time, Exempt

Why Work Here?

“We value experience, the desire to gain knowledge and the motivation to do your best.”

“New Position”

“We are excited to announce a new opportunity within our company! As part of our ongoing growth and expansion, both internally and externally, we have created a brand-new position to support our evolving needs. This role is a testament to our commitment to innovation and our dedication to providing exceptional service to our clients. We invite talented and motivated individuals to join our dynamic team and contribute to our continued success.”

Job purpose

The position will advise an employer or plan sponsor in matters relating to retirement plans, review and analyze retirement plan documents, prepares and manages plan and funding documents related to retirement. Our ideal candidate would be an experienced Consulting Actuary with a proven track record of amazing customer service, exemplary client retention, and extreme competitiveness to be the best at creative problem solving with appreciation for proper diplomacy. Our ideal candidate will have a Enrolled Actuary designation from the Joint Board for the Enrollment of Actuaries – IRS, Enrolled Actuary designation, a Fellow of the Society of Actuaries (FSA) designation and is a Member of the American Academy of Actuaries (MAAA) designation.

LDSCO has well-defined strategies to meet our goals. However, success cannot be sustainable unless we commit to and work according to our values. First among these is Honesty in all aspects of our conduct. This includes acting with integrity in how we run our business, both with respect to our external dealings with customers, clients and competitors and in our internal dealings with our staff. Second is Courage. An employee who possesses the courage to proactively seek assistance and actively pursue a better understanding of their job responsibilities is a valuable asset to our organization.

For nearly a decade, LDSCO employees, supervisors, managers and company leadership have been working from home. If you are interested in a stable family orientated company with a desirable work-life balance and a permanent employer, look no further.

Job Responsibilities:

The purpose of this position is manage a caseload of defined benefit plans including qualified, non-qualified and post retirement welfare plans. The Consulting Actuary will work on various projects as assigned.

• Running both traditional and cash balance defined benefit plan designs projections, based on client needs and employee demographics,
• Preparing actuarial valuations, including minimum recommended and maximum funding requirements,
• Performing annual IRS non-discrimination testing, including cross-testing with defined contribution plans,
• Review and approve actuarial valuation of defined benefit and cash balance plans,
• Review and sign IRS Form 5500 Schedule SB actuarial report for all such plans,
• Sign IRS Form 5330 (if any),
• Approve initial design and annually review design of defined benefit plans, including suggesting amendments to plans as needed,
• Review Financial Accounting Standards Board (FASB) reports for plans requiring such reports,
• Certify annual Pension Benefit Guaranty Corporation (PBGC) premium payment and plan termination findings,
• Review and approve distributions from defined benefit plans,
• Represent plans in IRS audits,
• Research issues regarding pension law and maintain current knowledge of changes in such law,
• Reviewing plan documents,
• Preparing all required IRS and PBGC filings, including those needed at plan termination,
• Reviewing employee data to ensure accurate information received within prescribed guidelines,
• Reviewing employee census to determine plan eligibility requirements and benefit accruals,
• Calculating benefits and providing forms for participant benefit distributions, including lump sums,
• Reviewing plan assets and trust reconciliations,
• Communicating and following up on specific client instructions to ensure plan compliance,
• Comprehensive understanding of control groups, affiliate service groups,
• Must be comfortable in a public speaking environment and demonstrate ability to convey complex information in a simple and organized format to a wide variety of audiences,
• Ability to work in a fast-paced environment with minimal instruction and a high degree of accuracy,
• Sets priorities and manages workflow to ensure efficient, timely and accurate production of tools and materials,
• Maintain a cordial and effective relationship with internal clients, external clients and team members,
• Interact with others effectively by utilizing good communication skills, cooperating purposefully and providing information and guidance, as needed, to achieve the business goals of the company,
• Other duties as assigned within the scope of responsibilities and requirements of the job,
• Some travel may be required.

Required Qualifications :

• A Bachelor’s degree in mathematics, business, finance, accounting, economics or related field,
• Completion of actuarial exams,
• At least 10 years of experience in the industry, specifically with defined benefit and cash balance plans, including non-discrimination testing,
• Must have a Joint Board for the Enrollment of Actuaries - IRS, Enrolled Actuary designation,
• Must have a Member of the American Academy of Actuaries (MAAA) designation,
• Fellow of the Society of Actuaries (FSA) designation, preferred
• The ability to supervise a team of professionals and while managing many clients and deadlines,
• The ability to communicate effectively with clients, participants and consultants,
• Experience with defined contribution plans is preferred,
• Experience with Excel, ASC and FT Williams software is preferred,
• Ability to negotiate, research, and communicate verbally and in writing effectively.

LDSCO offers a challenging and rewarding work environment supported by a total compensation program that includes:

• Competitive Base Salary, with standard annual bonuses, and monthly incentive bonuses,
• Full Benefits Package which includes Company Paid Employee Health Insurance, Voluntary Dental, Voluntary Vision, Voluntary Additional Life and Accident insurance, and Cafeteria Plans,
• Paid Leave such as Paid Vacation, a Personal Day, Holidays and Fun Day Program,
• Employer sponsored 401(k) plan with a 3% Safe harbor contribution. In addition, to an Employer Stock Ownership Plan,
• Offer Company Paid Professional Development and Continued Education Expenses,
• Performance Recognition and Awards Programs,
• Flexible work arrangements to include compressed work week,
• Entrepreneurial Culture,
• Strong Team Environment with Social and Team Building Activities,
• Employee benefits such as company discounts and company sponsored events.

These components, when combined, make up the total compensation package offered at LDSCO.

Diversity creates a healthier atmosphere: LDSCO is an Equal Opportunity Employer. In addition, LDSCO will make reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant with a disability, unless the accommodation imposes an undue hardship on the operation of our business.

 

How to Apply

Qualified candidates, please email your resume and salary expectations to Josie Flores, Hiring Manager at josief@LDSCO.com

Company Description

Loren D. Stark Company (LDSCO), as a Retirement Plan Consulting firm, has developed a close relationship with the business community in Houston and across Texas, Louisiana, and Oklahoma. From the beginning, our aim has been to give our clients with a Plan design that meets the needs of the business owner(s), as well as the employees.

LDSCO believes that the selection of an Employee Benefits Consulting Firm will have a significant impact on the shape and perception of your Employee Benefits Program. Hiring the right Third Party Administrative (TPA) firm will make that impact positive and add value to an employer’s Retirement Plan. In making a recommendation to a prospective client, LDSCO prepares custom illustrations identifying the different results obtainable by the employer. These recommendations may include Safe Harbor provisions, New Comparability, Integrated allocation features, as well as Defined Benefit plan designs.

The LDSCO Staff of Actuaries, Attorneys, and Consultants are specialists in Pension, Profit Sharing, Cash Balance, Employee Stock Ownership, and 401(k) Plan Administration. These services include in part plan design and document preparation, compliance testing and reporting, annual plan participant ERISA compliance statements, participant loan and distribution documentation, and the plan’s signature ready Form 5500.

LDSCO has an ongoing commitment to the development and integration of state-of-the-art technology and services to give our clients with the most comprehensive Retirement Plan available.

Company Description

Loren D. Stark Company (LDSCO), as a Retirement Plan Consulting firm, has developed a close relationship with the business community in Houston and across Texas, Louisiana, and Oklahoma. From the beginning, our aim has been to give our clients with a Plan design that meets the needs of the business owner(s), as well as the employees.\r\n\r\nLDSCO believes that the selection of an Employee Benefits Consulting Firm will have a significant impact on the shape and perception of your Employee Benefits Program. Hiring the right Third Party Administrative (TPA) firm will make that impact positive and add value to an employer’s Retirement Plan. In making a recommendation to a prospective client, LDSCO prepares custom illustrations identifying the different results obtainable by the employer. These recommendations may include Safe Harbor provisions, New Comparability, Integrated allocation features, as well as Defined Benefit plan designs.\r\n\r\nThe LDSCO Staff of Actuaries, Attorneys, and Consultants are specialists in Pension, Profit Sharing, Cash Balance, Employee Stock Ownership, and 401(k) Plan Administration. These services include in part plan design and document preparation, compliance testing and reporting, annual plan participant ERISA compliance statements, participant loan and distribution documentation, and the plan’s signature ready Form 5500.\r\n\r\nLDSCO has an ongoing commitment to the development and integration of state-of-the-art technology and services to give our clients with the most comprehensive Retirement Plan available.

Job Tags

Holiday work, Permanent employment, Full time, Flexible hours,

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