Enrolled Actuary

Overview

The Enrolled Actuary provides actuarial expertise and regulatory support for defined benefit (DB) and cash balance plans administered on the recordkeeper's platform. This role partners with plan sponsors, relationship managers, operations, and compliance teams to ensure accurate funding calculations, valuations, and government filings. The EA drives quality, risk management, and regulatory adherence across the DB book of business.

Key Responsibilities

Actuarial Valuations & Funding

• Lead preparation and review of annual defined benefit valuations, including liability calculations, funded status, and contribution requirements under ERISA and IRS rules.
• Produce funding projections, forecast future contribution patterns, and model plan design or assumption changes.
• Review actuarial assumptions and methods to ensure compliance and alignment with plan sponsor objectives.

Regulatory Reporting & Compliance

• Prepare and sign Schedule SB for Form 5500 and other required regulatory filing components.
• Oversee PBGC filings, premiums, and related actuarial certifications.
• Ensure ongoing compliance with ERISA, IRS regulations, and Pension Protection Act (PPA) requirements.
• Monitor regulatory and legislative changes and communicate impacts to internal teams and clients.

Client & Internal Partner Support

• Serve as the actuarial subject matter expert to plan sponsors, relationship managers, and implementation teams.
• Explain valuation results, contribution requirements, funding relief options, and regulatory updates to non‑technical audiences.
• Support plan design changes, mergers, terminations, and de‑risking strategies (e.g., lump‑sum windows, annuity purchases).

Operational & Data Oversight

• Collaborate with internal administrators and operations teams to ensure data accuracy and timely delivery of actuarial outputs.
• Review census data, benefit calculations, and system configuration for alignment with plan provisions.
• Support audits, quality control efforts, and client-specific documentation.

Strategic Consulting Support (Recordkeeper Context)

• Evaluate the impact of cash balance conversions, plan freezes, or glidepath strategies within the recordkeeper's service environment.
• Assist in developing standardized methodologies, tools, and processes that improve accuracy and efficiency across the DB platform.
• Contribute to cross‑functional initiatives focused on plan health, risk mitigation, and participant outcomes.

Qualifications

• Enrolled Actuary (EA) designation required.
• 5-10+ years of experience working with defined benefit plans; experience at a recordkeeper, TPA, or consulting firm strongly preferred.
• Strong knowledge of ERISA, PPA, IRS funding rules, and related actuarial standards.
• Proficiency with actuarial valuation software and advanced Excel skills.
• Ability to manage multiple deadlines in a fast‑paced environment.
• Strong communication skills, with the ability to explain technical concepts to clients and internal stakeholders.

Preferred Skills

• Experience with cash balance plan funding and design.
• Familiarity with recordkeeping platforms and DB administration workflows.
• Exposure to de‑risking analysis, plan terminations, or annuity purchase transactions.
• Strong analytical and problem‑solving skills with a focus on accuracy and compliance.