Position Purpose :
Assist in the valuation, administration and compliance of Defined Benefit and Cash Balance plans. Train in all facets of pension administration.
Essential Duties and Responsibilities :
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and / or unapproved disclosure of information that could result in harm to Ascensus or our clients.
The I-Client philosophy and the Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
Provide superior customer service, including problem solving with minimal inconvenience to clients
Provides effective and timely written communications in a clear, concise and informative manner
Initial six months :
Learn pension law and its applicability to the services Ascensus provides
Interact with clients to obtain essential information necessary to provide services
Learn administration system(s) and enter plan information in them
Learn and understand how to interact with on-line recordkeeping systems
Prepare plan information in designated formats
Learn government filing procedures
Read and develop a working knowledge of pension plan documents
After 6 Months :
Prepare benefit calculations for certification by enrolled actuary
Setup and update valuation process for actuary to complete
Provide superior customer service with minimal disruption to clients
Assist in testing combined plans for compliance and regulations
Prepare Pension Benefit Guaranty Corporation premium filings for review by enrolled actuary
Set up proposals and do preliminary run for review by enrolled actuary
Communicate with clients or financial professionals as needed in support of the enrolled actuary
Read and become familiar with regulations under ERISA law through self study and company-sponsored training sessions.
Minimum Requirements :
Bachelors degree in actuarial science, math or math related field; Overall GPA 3.0 or higher; Math or Actuarial GPA 3.5 or higher
Passing grade on at least one actuarial exam
Excellent analytical and communication skills
Demonstrated expertise with Microsoft, particularly Excel applications
Demonstrated technical proficiency
Strong attention to detail and the ability to prioritize, manage tasks and meet deadlines in connection with business operations
Ascensus is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, national origin, ancestry, religion, age, citizenship, sex, marital or veteran status, disability or handicap, sexual orientation or any other basis prohibited by applicable law.
Ascensus also takes affirmative action to employ, and advance in employment, qualified women, minorities, and covered veterans.
Ascensus also makes reasonable accommodations for qualified individuals with disabilities, in accordance with the Americans with Disabilities Act and applicable state laws