Defined Benefit Plan Administrator

Summary

Join NPPG's team as a Defined Benefit Administrator in a full-time role with the opportunity to work remotely within the US or on-site in Shrewsbury, New Jersey. This position involves managing an assigned caseload of defined benefit plans, conducting regulatory compliance testing, and communicating results related to actuarial valuation processes.

Requirements

• Willingness to work east coast hours
• Minimum 3 years with a third-party administrator (TPA) working in a Defined Benefit (DB) Plan Administrator position to include experience with all the following: administration of cash balance plans from start to finish, completion of form 5500, annual contribution calculations, defined benefit plan valuation, and compliance testing
• Experience with Relius, FT Williams, Datair, or a similar retirement tool
• Proficiency with Microsoft Office
• Experience successfully managing time, setting priorities, and meeting deadlines in a fast-paced environment
• Ability to collaborate with others and work autonomously
• Excellent verbal and written communication skills with the ability to establish rapport and provide quality customer service
• High level of organization and attention to detail
• High school diploma or equivalent

Responsibilities

• Own an assigned caseload of 75 to 90 defined benefit plans
• Conduct annual regulatory compliance testing for both solo and combo plans
• Review and communicate results related to the actuarial valuation process
• Maintain turnaround time to meet clients’ requirements and the department's timing standards
• Review and deliver the participant annual funding notice and actuarial AFTAP certification
• Review and assist clients with the filing process for the IRS Form 5500 package
• Review and assist clients with the filing of the Pension Benefit Guaranty Corporation (PBGC) and Comprehensive Premium Form for determining premium payments to comply with PBGC regulations
• Review and communicate the financial impacts of the ASC 715 Pension Expense Calculation (including settlement transactions) and Disclosure Statement
• Review and deliver benefit calculations and projected benefit estimates, including QDROs, RMDs and in service distribution benefits
• Demonstrate technical proficiency with various software applications to become efficient in completing client assignments
• Serve as a technical resource to Actuarial Analysts

Preferred Qualifications

• Bachelor’s degree
• Knowledge of ERISA and FASB