Actuary/Defined Benefit Administrator

4 weeks ago


Chicago, United States Strongpoint Partners Full time
Who we are:

Strongpoint Partners provides third-party administration of retirement plans and outsourced HR and payroll solutions to small and medium-sized businesses. Strongpoint offers an integrated software platform for retirement planning and payroll and is pursuing a growth strategy that includes add-on acquisitions and organic growth initiatives. Our culture is defined by teamwork, integrity, innovation, a growth mindset, and a passion for providing great service to our clients. With brands such as HowardSimon, Jocelyn, Retirement Strategies Group, Retirement Planners and Administrators, Pension Financial Services, and Pollard & Associates, we are building a winning team with a family spirit, and helping to secure our customers' financial futures, from hire through retire.

HowardSimon Retirement, a Strongpoint Partner, is seeking an experienced Enrolled Actuary with Defined Benefit / Defined Contribution (DB/DC) Plan Administrator experience in the small business marketplace. The Plan Administrator is responsible for transitioning and administering a client block being acquired from a third party.

This position will perform all levels of compliance testing and government reporting, and provide guidance to clients on plan design, contribution structure, and evolving legislative requirements.

This is a great opportunity for a motivated candidate who wants to develop and lead a new function within a fast growing organization. This individual must have strong project management and leadership skills, a high level of comfort with technology, and the personality to thrive in an entrepreneurial environment by being adaptable, creative, proactive, and eager to grow in this position as it evolves with the growth of the company.

What you'll do:
  • Ability to perform A-Z administration and to independently manage.
  • Understand and interpret elements of Defined Benefit / Cash Balance Plan actuarial valuation & be able to communicate issues to in-house actuaries and clients
  • Prepare and facilitate PBGC filings for covered Defined Benefit Plans
  • Maintain industry knowledge and share information with client and team members
  • Keep up to date with changing 401(k) & Defined Benefit Plan legislative requirements
  • Read and interpret legal plan documents and amendments
  • Discuss plan design changes and options with clients
  • Review and import census data and reconcile participant account data, including "receivable" contributions
  • Prepare 401(k) valuations/trust accounting/government reporting on an accrual basis.
  • Perform and understand ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) combo non-discrimination testing
  • Coordinate year-end valuation and government reporting, including asset reconciliation/Trust Accounting for plans maintained on recordkeeping platforms
  • Provide actuarial and administration support to clients
  • Perform benefit calculations, valuations, AFTAP and schedule B

Who you are:
  • 4+ years of retirement plan experience, but would consider less experience from the right motivated individual
  • Enrolled Actuary designation to sign documents required
  • Excellent knowledge of ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) non-discrimination testing
  • Knowledge of Defined Benefit / Cash Balance actuarial valuation reports & PBGC filing requirements
  • Knowledge of advanced cross-testing concepts and ability to perform testing to determine the most cost-effective solutions to meet nondiscrimination requirements
  • Ability to perform accrual-based trust accounting for Form 5500 purposes
  • Familiarity with cross-testing concepts
  • Familiarity with accrual based trust accounting for Form 5500 purposes
  • Proficiency in MS Office, including Word, Excel, Outlook
  • Experience with Relius preferred but not required
  • Ability to utilize and keep current PensionPro CRM software preferred but not required
  • Organized individual able to set priorities, meet deadlines, and be detail-oriented
  • Exceptional approach to client service focusing on communications, timely solutions, and client needs
  • Team player, collaborative, able to work with and through others
  • Strong verbal and written communication skills internally and externally
  • Ability to work well under pressure with multiple priorities and deadlines
  • Excellent analytical and problem-solving skills; strong math and/or accounting skills
  • Ability to act with integrity, be proactive with client needs, seek to continuously improve service, constantly focus on professional growth and work collaboratively with the entire team


Our Value-Driven Employee Experience:
  • Flexible Workplace
  • Competitive PTO
  • Inclusive Environment
  • Development Opportunities
  • Comprehensive Benefits
  • Workplace Perks


  • Chicago, Illinois, United States Strongpoint Partners Full time

    Who we are:Strongpoint Partners provides third-party administration of retirement plans and outsourced HR and payroll solutions to small and medium-sized businesses. Strongpoint offers an integrated software platform for retirement planning and payroll and is pursuing a growth strategy that includes add-on acquisitions and organic growth initiatives. Our...


  • Chicago, United States Strongpoint Partners Full time

    Who we are:Strongpoint Partners provides third-party administration of retirement plans and outsourced HR and payroll solutions to small and medium-sized businesses. Strongpoint offers an integrated software platform for retirement planning and payroll and is pursuing a growth strategy that includes add-on acquisitions and organic growth initiatives. Our...

  • Senior Actuary

    7 days ago


    Chicago, United States Ascensus Full time

    Job DescriptionServe as an expert in the valuation, administration, and compliance of Defined Benefit plans. Additionally, serve as a resource to plan sponsors and trustees for matters related to ERISA or local governmental compliance, plan design, and reporting.Job Functions, Essential Duties and ResponsibilitiesResponsible for protecting, securing, and...

  • Senior Actuary

    22 hours ago


    Chicago, Illinois, United States Ascensus Full time

    About the RoleWe are seeking a highly skilled and experienced Senior Actuary to join our team at Ascensus. As a Senior Actuary, you will play a critical role in the valuation, administration, and compliance of Defined Benefit plans.Key ResponsibilitiesPlan Valuation and AdministrationResponsible for protecting, securing, and proper handling of all...

  • Actuarial Analyst

    3 months ago


    Chicago, United States Segal Full time

    The Opportunity This position affords an immediate opportunity to apply analytical, problem-solving, communication and technology skills contributing to the development of solutions to challenging client issues. Actuarial Analysts work independently and on teams to deliver consulting services to a broad and diverse range of defined benefit clients....

  • Life Actuarial

    3 months ago


    Chicago, United States Kalos Consulting, Inc. Full time

    Job DescriptionJob DescriptionCompany HighlightsA premier independent provider of actuarial and risk management services to the insurance industry and self-insured organizations worldwide for over 70 years. Their groundbreaking work in employee benefits and financial risk management has led to significant innovations in retirement planning. The firm...


  • Chicago, United States USI Holdings Corporation Full time

    General Description: The Defined Benefits Senior Actuarial Analyst performs analysis and calculations necessary to complete client pension projects for review by Actuaries and completes peer review of other Actuarial Analysts' work. He/she is involved in numerous client projects simultaneously and must manage their contribution to project time and budget...

  • Actuarial Analyst

    4 weeks ago


    Chicago, Illinois, United States CNA Full time

    You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. CNA seeks to offer a comprehensive and competitive benefits package to...


  • Chicago, Illinois, United States Aon Corporation Full time

    Health Solutions Actuarial Vice PresidentLocation: Chicago ILAon is in the business of better decisions:At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed....


  • Chicago, United States Aon Corporation Full time

    Health Solutions Actuarial Vice PresidentLocation: Chicago ILAon is in the business of better decisions:At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed....

  • Head of Actuarial

    2 months ago


    Chicago, Illinois, United States Current Job Openings at Vouch Insurance Full time

    About Vouch:Insurance... sounds slow, old-fashioned, and unexciting. Exactly. Insurance is broken, and it's failing fast-moving, innovative startups.Vouch is a new, technology-first insurance company backed with $185M in funding from world-class investors. Like Stripe for payments or Brex for credit cards, Vouch is creating the go-to business insurance for...

  • Head of Actuarial

    2 months ago


    Chicago, United States Current Job Openings at Vouch Insurance Full time

    About Vouch:Insurance... sounds slow, old-fashioned, and unexciting. Exactly. Insurance is broken, and it's failing fast-moving, innovative startups.Vouch is a new, technology-first insurance company backed with $185M in funding from world-class investors. Like Stripe for payments or Brex for credit cards, Vouch is creating the go-to business insurance for...

  • AVP Pricing Actuary

    1 month ago


    Chicago, United States Scor Full time

    Job DescriptionThe AVP, Pricing Actuary will be a key member of the US P&C Treaty pricing team supporting business written by the US Casualty Underwriting team. The job responsibilities include but are not limited to pricing US Casualty treaties, advising the local underwriting team on important pricing matters, identifying key drivers impacting the...

  • AVP Pricing Actuary

    1 month ago


    Chicago, Illinois, United States Scor Full time

    Job DescriptionThe AVP, Pricing Actuary will be a key member of the US P&C Treaty pricing team supporting business written by the US Casualty Underwriting team. The job responsibilities include but are not limited to pricing US Casualty treaties, advising the local underwriting team on important pricing matters, identifying key drivers impacting the...


  • Chicago, Illinois, United States Berkshire Hathaway Specialty Insurance Full time

    Position OverviewAbout Us:Berkshire Hathaway Specialty Insurance (BHSI) stands as a premier provider of commercial property, casualty, and specialty insurance solutions. We pride ourselves on delivering exceptional service to our clients and brokers globally. Our affiliation with Berkshire Hathaway enhances our reputation, supported by a robust balance sheet...

  • Actuarial Analyst

    2 weeks ago


    Chicago, United States American International Group, Inc. Full time

    Actuarial Analyst, Foreign CasualtyChicago, IL; Atlanta, GAAt AIG, we are reimagining the way we help customers to manage risk. Join us as the Actuarial Analyst, Foreign Casualtyto take on key responsibilities within a world-class actuarial function.Make your mark in ActuarialOur Actuaries are on the front lines, quantifying risk, pricing insurance and...

  • Actuarial Analyst

    4 weeks ago


    Chicago, United States CNA Full time

    You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. CNA seeks to offer a comprehensive and competitive benefits package to...

  • Actuarial Manager

    2 days ago


    Chicago, United States Kemper Corporation Full time

    Location(s)Chicago, Illinois, Dallas, Texas, St. Louis, MissouriDetailsKemper is one of the nation's leading specialized insurers. Our success is a direct reflection of the talented and diverse people who make a positive difference in the lives of our customers every day. We believe a high-performing culture, valuable opportunities for personal development...

  • Actuarial Analyst

    4 weeks ago


    Chicago, Illinois, United States CNA Full time

    You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. Under broad supervision responsible for providing actuarial support and...


  • Chicago, Illinois, United States Scor Full time

    Job DescriptionThe pricing exercise is a complex analytical process requiring technical expertise and judgement. Cedent loss history, modelled results, market knowledge and individual account characteristics must be weighed and a final range of outcomes and point estimate of account profitability are arrived upon. This process is ideally a collaboration...