Actuarial Specialist I at Ascensus in New York, New York

Posted in Other 1 day ago.

Job Description:

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

Section 1: Position Summary

Timely and Accurate completion of actuarial valuations and government filings for Cash Balance 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 plans

  • Prepare Form 5500, Sch SB and PBGC Premium Payments

  • Reconcile Market to Market Trusts

  • Assist with plan terminations; Form 6088

  • Perform contribution projections for future years

  • Perform cash balance plan studies

  • Perform special benefit calculations (e.g., 110% calculation, required minimum distribution) for cash balance 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)


  • Reports to Actuarial Manager

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

At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity-housed within our Core Values: People Matter. Quality First. Integrity Always.

As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.

Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws ("Protected Status").