Homeoffice Consulting Actuary chez DEFINITI LLC

Description

Why join our team at Definiti? If you enjoy tackling challenges and believe in delivering exceptional client service, Definiti may be perfect for you. You can make a difference by helping to improve and secure many retirements, while also helping to grow a dynamic organization. Most roles are fully remote, so you need to be comfortable using technology, be productive in a home office with a reliable internet connection to stay in touch with your team and deliver high-quality service to our clients. Definiti supports your professional growth through comprehensive training and industry credentials and certifications.

Definiti is a national retirement services company that helps clients manage and administer their retirement plans. We help clients define what's possible and what’s next for their retirement plans.

PURPOSE OF POSITION

The Consulting Actuary oversees IRS-qualified Cash Balance Defined Benefit combo plans, primarily in the small plan market. This role focuses on providing actuarial expertise and strategic guidance to clients, supporting plan design and compliance with strong analytical skills, clear communication, and the ability to build effective client relationships.

PRIMARY DUTIES AND RESPONSIBILITIES

• Manage recurring actuarial projects and deliverables for assigned clients.
• Represent the company on client calls and in client meetings as needed.
• Accurately interpret and apply plan document provisions.
• Ensure compliance with IRS, DOL, and PBGC requirements.
• Review annual compliance testing for assigned clients (401(a)(4), 410(b), plan limits, top heavy, for both stand-alone and DB/DC combo plans).
• Prepare and review Form 5500, Schedule SB, related schedules, Form 8955-SSA, and PBGC filings.
• Certify actuarial valuations for traditional defined benefit and cash balance plans.
• Perform and review Required Minimum Distribution (RMD), benefit calculations, including optional forms of payment.
• Prepare proposals for potential Cash Balance and Defined Benefit clients; provide technical expertise to support the sales team.
• Support retirement plan implementation, conversion, de-conversion, and termination processes.
• Assist with actuarial valuation conversions and processes within ASC software.
• Review and sign actuarial valuations, Schedule SBs, PBGC premium filings, and other actuarial certifications for assigned caseload.
• Serve as a subject matter expert in Cash Balance and Traditional Defined Benefit combo plan compliance testing and consulting.
• Represent the company on client calls and in client meetings as needed.
• Lead special technical actuarial consulting projects as assigned.
• Collaborate with internal teams (New Business, Sales, and Administration) to improve efficiency and accuracy in actuarial and proposal processes.
• Provide guidance and technical support to actuarial staff and colleagues on complex plan design or compliance issues.

Requirements

COMPETENCIES REQUIRED

• Expert knowledge of combo plan testing and PPA funding valuation rules, including minimum and maximum funding requirements, 401(a)(26), 415, 410(b), Top Heavy, and 401(a)(4) nondiscrimination testing.
• Proficient with small plan actuarial calculations and combined nondiscrimination testing.
• Strong understanding of the annual lifecycle of a plan, including data collection, eligibility, compliance testing, trust accounting. 
• High proficiency with Microsoft Office applications.
• Ability to analyze complex situations and develop practical solutions.
• Demonstrated excellence in written and verbal communication.
• Strong attention to detail with proven organizational skills.
• Effective time management skills with ability to consistently meet deadlines in a fast-paced environment.
• Contributes to ongoing improvement of actuarial processes and procedures.
• Serves as a Cash Balance actuarial resource for internal teams, advisors, and clients.
  

EDUCATION AND QUALIFICATIONS

• High school diploma or GED required 
• Bachelor’s degree preferred 
• 5+ years’ experience with preparing and/or reviewing actuarial valuations and combo compliance testing
• Proficiency in actuarial valuation software required; ASC valuation software preferred
• Broad knowledge of the retirement plan industry
• EA (Enrolled Actuary) designation required
• One or more ASPPA and/or ERPA designations preferred
• ASA (Associate of the Society of Actuaries) designation preferred
• MAAA (Member of the American Academy of Actuaries) designation preferred

REMOTE WORKING REQUIREMENTS

As a remote-first company, we have compiled expectations for a successful remote work environment:

• Ability to build rapport with others remotely while working productively with limited in-person interaction
• Have access to a reliable and consistently strong, high-speed internet connection suitable for remote work. A stable, high-speed internet connection is essential for effective communication, collaboration, and productivity while working remotely
• Designate a quiet, and well-lit space free of as many distractions as possible
• Be online and available to work during designated business hours in local time zone
• Accustomed to using Microsoft Teams (or similar virtual-meeting applications) to meet with colleagues regularly on video and use the chat feature for quick communications. We utilize many Microsoft Teams features (such as Channels and file storage) for announcements, relevant conversations, and file sharing. Familiarity with Microsoft Teams is a plus
• Accustomed with file-storage and file-sharing tools such as Microsoft SharePoint

BENEFITS

Definiti has a dynamic, growth-focused culture, and we are committed to offering attractive employee-centric benefits, including:

• A virtual-first work philosophy
• 401(k) with up to 4% match
• Flexible PTO allows you to take the time you need for wellness, vacations, and personal matters. We foster a trusting environment where employees manage their workloads responsibly. Time off doesn’t accrue.
• 10 paid holidays and 2 paid floating holidays
• Paid Parental Leave
• A variety of medical, dental and vision plan options including Definiti subsidized premiums
• Company-paid life insurance and short-term disability insurance
• Bonus plan eligibility