Job Summary : The Account Manager must be familiar with and understand the various aspects of funding and accounting for defined benefit pension plans including a general knowledge of IRS funding regulations. Excellent math and analytical skills are required.
Responsibilities : Single Employer Funding Valuations - Code valuation software (including new plans, plan amendments, life insurance and assumption changes). Reconcile assets and life insurance, calculate contribution requirements, prepare valuation reports and government filings including IRS, DOL & PBGC.Benefit Calculations - Prepare benefit calculations based on the plan provisions, IRS Rules, and actuarial factors.Non-Discrimination Testing - Analyze data and perform 410(b) minimum coverage tests, 401(a)(26) participation tests and 401(a)(4) general tests.Completion of Special Requests - Prepare plan revisions, cost studies and funding projections. Calculate the annual Mandatory Minimum Distribution : College degree a must. Proficient in Microsoft Office, especially a working knowledge of Excel and Word.Proficiency in Datair valuation software a plus.Life insurance experience a plus.Five or more years of pension experience.Must be attentive to detail.Solid communication skills, both oral and written.Good time management skills and the ability to adapt to change.ASPPA designations a plus.
Account Manager • New York, NY, United States