FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.
Job Description
Section 1: Position Summary
Timely and accurate completion of actuarial projects for small cash balance plans. Position may focus on Silver service model cash balance plans.
Position Summary
- Analyze and edit employee census data
- Prepare actuarial valuations on cash balance plans
- Prepare PBGC annual premium forms
- Prepare trust reconciliations
- Prepare Form 5500
- Process benefit calculations
- Complete projects timely, accurately and cost effectively
- Update workflow system daily
- Perform technical research to answer questions as necessary
- Complete all applicable checklists and notes
- Actively participate in ongoing retirement industry related education including pension law
- Participate in process improvement and innovation
- Provide back up support to other departments as assigned
- 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.
- Our I-Client service philosophy and our 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.
- Assist with other tasks and projects as assigned
Supervision
- Report to Manager, Actuarial Services
Section 3: Experience, Skills, Knowledge Requirements
SKILLS NEEDED
- Strong conceptual, analytical and math skills
- Excellent verbal and written communication skills, including the ability to communicate technical ideas
- Intermediate computer skills, including Excel
- Detail-oriented and accurate
- Self-starter taking responsibility for completing tasks in a timely fashion
- Strong organizational skills
- Ability to juggle multiple tasks and prioritize
- Team player
- Commitment to ongoing pension education
- Basic accounting skills
- Ability to work in fast paced office environment
- Dependable with excellent follow through on commitments and responsibilities
EXPERIENCE NEEDED
- Entry level position; prior experience is not required
TRAVEL REQUIREMENTS
- None
EDUCATION/TRAINING NEEDED
- B.A. or B.S. degree preferred
- ASPPA or SOA exams leading to designations are preferred
We are proud to be an equal opportunity employer.
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
Top Skills
What We Do
Ascensus helps millions of people save for what matters—retirement, education, and healthcare. We’re also one of the savings plan industry’s leading providers of outsourced services. Our technology, market insights, and business knowledge enhance the growth and success of our partners, their clients, and savers.
Ascensus is the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. For more information, visit ascensus.com.
