1052 - Enrolled Actuary at Security Mutual Life Insurance

As an Enrolled Actuary, you will be responsible for performing and reviewing qualified pension plan valuations, calculations, filings and administration for cash balance and traditional defined benefit plans. This position is responsible for plan compliance, developing and maintaining client relationships, and special projects.

SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC. This position cannot be performed in the City of New York. If you are interested in this position, but don’t live near Binghamton, NY, this may be an opportunity for you!

Description of Duties & Responsibilities of an Enrolled Actuary: 

• Serve as an expert in the valuation, administration and compliance of Defined Benefit and Defined Contribution plans. Perform related actuarial calculations.
• Develop relationships with field partners and clients. Understand the needs of clients and design plans to meet their needs and goals.
• Maintain up to date knowledge of related regulations through self-study and company sponsored training sessions. Ensure that procedures and plans are compliant and communicate updates to reports and clients.
• Use knowledge of pension plans and Company needs and objectives to support pension related special projects and assignments. Make suggestions to management for improvements.
• Review plan sponsor annual asset and census data to input into validation software. Prepare annual funding reports and required AFTAP certifications. Complete Schedule SB with funding information.
• Complete annual Pension Benefit Guaranty Corporation premium filings for certification.
• Prepare and review new traditional defined benefit plans and cash balance plan studies for potential clients.
• Complete actuarial valuation and maintain plan record keeping for assigned clients. Maintain turnaround time to meet client and Company expectations.
• Review general non-discrimination testing. Enhance and support non-discrimination data system.
• Prepare/review IRS min/max and ASC 715 financial reporting for qualified plans.
• Participate in discussions with auditors regarding the determination of appropriate discount rates.

Required Skills and Experience of an Enrolled Actuary: 

• Enrolled Actuary designation required.
• MAAA Designation – Member of American Academy of Actuaries required.
• Minimum of 10 years of experience in retirement plan design and administration required.
• Management experience is preferred.
• Experience with Relius Administration software and plan documents preferred.
• Intermediate proficiency with Microsoft Word and Excel required.
• Strong written and verbal communication skills.
• Strong customer service skills.
• Ability to travel up to 5%. 
• Ability to think analytically and critically.
• Ability to handle multiple priorities simultaneously.
• Ability to pay close attention to detail.
• Ability to prioritize and organize a heavy workload.
• Ability to adapt to change and work under pressure.

Education Required: Bachelor’s degree in Mathematics, Actuarial Science, Accounting, or a related field of study.

Pay Range: $85,000 to $115,000 annually

The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.

The level for this position will be determined based on factors including relevant skills, experience and other qualifications.

Visa sponsorship is not available for this position

Relocation assistance is not available for this position

Security Mutual is an Equal Opportunity Employer

About SML:

Security Mutual Life is a leading provider of life insurance, accumulation products and retirement-, business- and estate-planning services for individuals, families and businesses. Our innovative products help our clients meet their financial protection needs. Headquartered in Binghamton, New York, the Company was founded in 1886 and is recognized for its longstanding history of financial strength and stability.

We continually invest in technology. Our agents and employees are equipped with the latest tools and deliver outstanding service to our hundreds of thousands of policyholders throughout the United States.

We are committed to our neighbors and communities. Security Mutual and its employees help support a wide variety of community and charitable initiatives and organizations through our donations and service.

At Security Mutual our employees are among the Company’s most valued assets. We offer competitive salary and benefits and our work environment reflects the Company’s core values of trust, respect and integrity.

Federal & State Labor Law Posters: https://www.jjkeller.com/learn/SHRMPDF