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Actuarial Specialist II (retirement administration)

Location:Encino, CA
Level:Full Time
Category: Client Operations


Section 1: Position Summary

Timely and Accurate completion of actuarial valuations and government filings for Cash Balance and Traditional Defined Benefit Plans.   

Section 2: Job Functions, Essential Duties and Responsibilities

  • 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
  • Prepare actuarial valuations on cash balance and traditional defined benefit plans
  • Prepare ASC 960 disclosures
  • Prepare Form 5500, Sch SB and PBGC Premium Payments
  • Reconcile Market to Market Trusts
  • Prepare participant benefit statements on traditional Defined Benefit plans
  • Assist with plan terminations, NOPB and Form 6088
  • Perform ASC 715  valuations and assist with disclosures
  • Perform contribution projections for future years
  • Perform cash balance and defined benefit plan studies
  • Perform special benefit calculations (e.g., 110% calculation, required minimum distribution) for cash balance plans and traditional DB plans
  • Use and critique existing processes for day-to-day work
  • Complete checklists
  • Keep files organized and up-to-date
  • Update Workflow daily
  • Special projects
  • Provide back up to other teams as necessary (eg., L&W, testing, Plan Doc)

Section 3:  Experience, Skills, Knowledge Requirements

  • Conceptual and analytical
  • Strong math skills
  • Excellent verbal and written communication skills, including the ability to communicate technical ideas
  • Strong computer skills, including Excel Macros
  • Detail-oriented and accurate
  • Self-starter who will take responsibility for completing tasks in a timely fashion
  • Ability to juggle multiple tasks and prioritize
  • Team player
  • Commitment to ongoing pension education

We are proud to be an Equal Opportunity Employer

Ascensus is a place to have a career, not just a job. As the largest US independent retirement and college savings services provider, we put our focus on people.  Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity. When you join our team, you get to go to work every day knowing that you help over 6 million Americans save for retirement and college.


Ascensus is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, national origin, ancestry, religion, age, citizenship, sex, marital or veteran status, disability or handicap, sexual orientation or any other basis prohibited by applicable law. Ascensus also takes affirmative action to employ, and advance in employment, qualified women, minorities, and covered veterans. Ascensus also makes reasonable accommodations for qualified individuals with disabilities, in accordance with the Americans with Disabilities Act and applicable state laws


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What makes any career at Ascensus so rewarding?

  • Collaborative, idea-sharing environment
  • Professional development
    • In-house training
    • Tuition reimbursement
  • Generous reward programs
  • Paid time off (additional purchase plan)
  • Medical, dental & vision benefits
  • Health savings account (employer contribution up to $1,100)
  • 401(k) & 529 match programs
  • Volunteer/charitable-giving programs
  • Business casual dress
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