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Senior Associate, Actuary - 1805201

Company: Fidelity Investments
Location: San Francisco, CA
Posted on: May 25, 2018

Job Description:

Duties: Performs actuarial valuation of U.S. pension plans by applying IRS,

DOL, ERISA, FAS, and PBGC regulatory requirements.

Primary Responsibilities:

• Assists pension plan sponsors with compliance requirements,

including filing annual reports with the DOL, filing annual PBGS premium,

and preparing and coordinating annual funding notice mailings to plan

participants.

• Performs funding valuations and prepares accounting information for

defined benefit pension plans and retiree medical plans.

• Performs retirement plan non-discrimination testing and provides

government compliance support for retirement plan sponsors.

• Supports pension plan administration and benefit calculations.

• Performs profit sharing and match true-up calculations for defined

contribution retirement plans.

• Estimates financial and employee retirement readiness impact of

alternative retirement plan designs to assist plan sponsors with strategic

decision making.

• Performs calculations for defined benefit plan derisking lump sum

windows.

• Performs retirement plan due diligence reviews.

• Supports plan termination procedures related to mergers and

acquisitions.

• Supports retirement plan compliance failure corrections.

Requirements: Bachelor’s degree (or foreign education equivalent) in

Mathematics, Actuarial Science, Actuarial Mathematics, Statistics, Business

Administration, Engineering, or a closely related field and three (3) years

of experience in the job offered or three (3) years of experience

performing actuarial consulting within a retirement products and services

environment; Or, alternatively, a Master’s degree (or foreign education

equivalent) in Mathematics, Actuarial Science, Actuarial Mathematics,

Statistics, Business Administration, Engineering, or a closely related

field and one (1) year of experience in the job offered or one (1) year of

experience performing actuarial consulting within a retirement products and

services environment. Candidate must also possess: Demonstrated Expertise

(“DE”) performing Defined Benefit consulting on qualified and non-qualified

plans, including performing ERISA and FASB actuarial valuations and

participant benefit calculations; completing non-discrimination testing

(410(b) Coverage Testing and 401(a)(4) Benefits Testing); and preparing IRS

Form 5500 and PBGC compliance filings using Microsoft Office Excel with

Visual Basic (VBA), Microsoft Access, and ProVal actuarial valuation

software; DE performing Defined Contribution (DC) plan consulting,

including performing plan design analysis (DC cost and nondiscrimination

projections) for 401(k), 403(b), and non-qualified DC plans; calculating

annual employer match and profit sharing amounts; and completing non-

discrimination testing (410(b) Coverage Testing, ADP/ACP Testing, and

401(a)(4) Benefits Testing); DE performing actuarial analysis --

quantitative analysis of financial and employee census data -- for DB and

DC plans, including reviewing and interpreting plan document provisions; DE

supporting development of benefits websites, including process mapping, and

development of plan participant election processes with third party

vendors.

To apply, visit http://jobs.fidelity.com and search for Job Number 1805201.

Keywords: Fidelity Investments, San Bruno , Senior Associate, Actuary - 1805201, Finance , San Francisco, CA, California


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