Oversee annual pension actuarial work including development of funding valuations, ASC-715 reports and regulatory filings for assigned clients Manage Pension Risk Transfer (PRT) opportunities including responding to RFPs, pricing, and payment data installation Review New Comparability testing for Defined Contribution plans and other compliance testing for Defined Benefit plans Supervise and provide training to actuarial staff Provide technical training to staff and serve as an expert with respec... more details
Mutual of America Financial Group
Job Title: Director/Vice President, Pension Actuary
Location: New York, NY (Hybrid)
Who We Are:
At Mutual of America Financial Group, we help people build the assets they need to achieve greater financial security. Our Company is built upon a solid foundation of integrity, excellence, and social responsibility. Since 1945, we have specialized in providing small and mid-sized not-for-profit organizations and companies with pension and retirement-related services, along with leading customer support. We work diligently to understand the needs of plan sponsors. We provide them with competitively priced solutions so they can help their employees achieve their financial savings goals.
We are committed to bringing talented and motivated people together to help our customers achieve a financially secure future.
Role Summary:
The Director/Vice President, Pension Actuary will lead actuary in performing valuation and accounting calculations for assigned Defined Benefit clients, manage personnel of the Actuarial Consulting Services Department, while accomplishing actuarial valuations, cost calculations, government reports for assigned pension plans, perform pension risk transfer (PRT) pricing, manage relationships with placement consultants, and coordinate with the appropriate Field Consulting Services personnel to provide consulting services to sponsors of assigned pension plans.
Responsibilities:
- Oversee annual pension actuarial work including development of funding valuations, ASC-715 reports and regulatory filings for assigned clients
- Manage Pension Risk Transfer (PRT) opportunities including responding to RFPs, pricing, and payment data installation
- Review New Comparability testing for Defined Contribution plans and other compliance testing for Defined Benefit plans
- Supervise and provide training to actuarial staff
- Provide technical training to staff and serve as an expert with respect to Defined Benefit plans
- Review plan termination costing and perform special projects and ensure accurate client deliverables
- Respond to questions and requests from relationship managers, auditors, and clients as necessary
- Assist with other projects and tasks as assigned
-
- Required Qualifications:
- Bachelor’s degree, mathematics major or strong mathematical background
- Minimum 10 year’s experience in a pension actuarial consulting
- Vice President must be a practicing Enrolled Actuary
- Must have the ability to analyze and make recommendations on actuarial and other Departmental matters and supervise and evaluate the work of others
- Must have extensive knowledge of pension regulations (IRS, PBGC) and General Accounting Standards (ASC-715)
- Excellent communication and writing skills
- Experienced in the use and creation of Excel spreadsheets.
Preferred Qualifications:
- New Comparability testing and Pension Risk Transfer experience a plus
- Familiarity with ProVal actuarial software a plus
What we offer you:
- Competitive base salary
- Annual Bonus
- Comprehensive Benefits Package (medical, dental, and vision) that starts day one of employment
- 401(k) Match: You will be eligible to receive up to 9% of your pay (salary and incentive compensation) in company contributions. A non-elective employer contribution of 3%, plus a 100% employer match on employee contributions of up to 6% of pay
- Parental Leave: 8 weeks fully paid
- Paid time off: 28 days plus two floating personal holidays
The salary range below describes the minimum to maximum base salary range for this role. The role is also eligible for an annual bonus, whereby total compensation may exceed this range depending on individual and / or company performance.
Base Salary Range:
Vice President (Level 9): $156,000 – $234,000
Director (Level 8): $126,000 – $190.000
Visit www.mutualofamerica.com/careers for additional details about life at Mutual of America. You can also follow us on Twitter: @mutualofamerica | Facebook: @mutualofamerica
Mutual of America Financial Group provides equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, or any other classification prohibited by applicable law. #LI-JB1
