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Strongpoint Partners

Actuary/Cash Balance Specialist at Strongpoint Partners

RemoteFull-timeRemoteRetirement Plan AdministrationPosted 7 months ago
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About the Role

<div class="content-intro"><p><span style="text-decoration: underline;"><strong>Who we are:</strong></span></p> <p><span class="TextRun SCXW41395917 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW41395917 BCX0">Strongpoint Partners is </span><span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW41395917 BCX0">tech</span><span class="NormalTextRun SCXW41395917 BCX0">-enabled retirement services platform serving small- to mid-sized businesses with integrated retirement third party administration, recordkeeping, payroll, and HR solutions. </span><span class="NormalTextRun SCXW41395917 BCX0">Recognized as one of Inc. 5000’s Fastest Growing Private Companies in America and certified as a Great Place to Work, </span><span class="NormalTextRun SCXW41395917 BCX0">Strongpoint</span><span class="NormalTextRun SCXW41395917 BCX0"> offers a </span><span class="NormalTextRun SCXW41395917 BCX0">suite of services </span><span class="NormalTextRun SCXW41395917 BCX0">that </span><span class="NormalTextRun SCXW41395917 BCX0">prioritizes accuracy, compliance, and reduction of regulatory risk for its clients, delivered by local client success teams that understand the nuances of the markets they serve.<span data-teams="true">&nbsp;</span></span></span><span class="TextRun SCXW41395917 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW41395917 BCX0">Strongpoint Partners combines a relentless passion for service and innovation with the experience and expertise required to make retirement work for everyone. For more information, please visit:&nbsp;</span></span><a class="Hyperlink SCXW41395917 BCX0" href="https://www.strongpointpartners.com/" target="_blank"><span class="TextRun Underlined SCXW41395917 BCX0" lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW41395917 BCX0" data-ccp-charstyle="Hyperlink">www.strongpointpartners.com</span></span></a><span class="TextRun SCXW41395917 BCX0" lang="EN-US" data-contrast="auto"><span class="NormalTextRun SCXW41395917 BCX0">.&nbsp;</span></span><span class="EOP SCXW41395917 BCX0" data-ccp-props="{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:276}">&nbsp;</span></p></div><p></p> <div class="x_elementToProof"><strong data-olk-copy-source="MessageBody">Cash Balance plans currently outnumber traditional DB plans by nearly 2 to 1. Strongpoint is looking to hire Defined Benefit Administrators, Actuarial Analysts, and Enrolled Actuaries with experience in small and mid-size cash balance plan administration. Strongpoint services combo DC/DB plans as well as standalone DB plans.&nbsp;</strong></div> <div class="x_elementToProof">&nbsp;</div> <div class="x_elementToProof"><strong><em>What you'll do:</em></strong></div> <ul> <li> <div>Understand and interpret elements of Defined Benefit / Cash Balance Plan actuarial valuation &amp; be able to communicate issues to in-house actuaries and clients.</div> </li> <li>Prepare and facilitate PBGC filings for covered Defined Benefit Plans.</li> <li>Maintain industry knowledge and share information with client and team members.</li> <li>Keep up to date with changing 401(k) &amp; Defined Benefit Plan legislative requirements.</li> <li> <div>Discuss plan design changes and options with clients.</div> </li> <li> <div>Prepare 401(k) valuations/trust accounting/government reporting on an accrual basis.</div> </li> <li> <div class="x_elementToProof">Perform benefit calculations, valuations, AFTAP and schedule SBs.</div> </li> </ul> <div><strong><u>Required Experience:</u></strong></div> <ul> <li> <div class="x_elementToProof">3-5+ years of small plan DB experience&nbsp;</div> </li> <li> <div>Enrolled Actuary designation to sign documents is preferred.&nbsp;</div> </li> <li> <div>Knowledge of Defined Benefit / Cash Balance actuarial valuation reports &amp; PBGC filing requirements.</div> </li> <li>Knowledge of advanced cross-testing concepts and ability to perform testing to determine the most cost-effective solutions to meet nondiscrimination requirements.</li> </ul> <p>This is a fully remote position open to candidates across the United States. Preference will be given to candidates located in the Central and Eastern time zones.<br data-start="374" data-end="377">The anticipated salary range for this position is <span data-olk-copy-source="MessageBody">$80,000-$150,000+</span>, depending on experience, skill set, and geographic location.</p><div class="content-conclusion"><p><span style="text-decoration: underline;"><strong>Our Value-Driven Employee Experience:</strong></span></p> <ul> <li data-start="128" data-end="206"><strong data-start="128" data-end="150">Flexible Workplace</strong> – Hybrid and remote options available for many roles.</li> <li data-start="209" data-end="297"><strong data-start="209" data-end="225">Flexible PTO</strong> – Competitive paid time off, including flexible &amp; unlimited options.</li> <li data-start="300" data-end="390"><strong data-start="300" data-end="325">Inclusive Environment</strong> – A culture that values diversity, collaboration, and respect.</li> <li data-start="393" data-end="474"><strong data-start="393" data-end="417">Growth Opportunities</strong> – Support for ongoing learning and career development.</li> <li data-start="477" data-end="562"><strong data-start="477" data-end="503">Comprehensive Benefits</strong> – Health, dental, vision, life, and disability coverage.</li> <li data-start="565" data-end="635"><strong data-start="565" data-end="584">Workplace Perks</strong> – Incentive bonus programs, flexible hours, &amp; more.</li> </ul> <p data-start="637" data-end="705"><em data-start="637" data-end="703">**Specific benefits and programs may vary by partner and position.</em></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p></div>