Retail Project Manager, Governance Lead
U.S. Bank
Defined Benefit Specialist II/III
Nova 401(k) Associates
full-time
Posted on:
Origin: • 🇺🇸 United States
Visit company websiteSalary
💰 $70,000 - $100,000 per year
Job Level
Mid-LevelSenior
About the role
- Own end‑to‑end annual administration for a caseload of DB and cash balance plans; drive high‑quality technical deliverables and serve as a trusted resource for colleagues and clients
- Prepare annual actuarial work including valuations and ASC 715 & 916 calculations; complete non‑discrimination testing, benefit certifications, and government filings (e.g., Form 5500 and PBGC comprehensive filings)
- Code DB and DC plans from scratch in Nova’s third‑party actuarial software; review and improve coding for accuracy and efficiency
- Perform and review benefit calculations (DB/CB) and assemble distribution packages for terminations; check owner‑only illustrations as needed
- Conduct asset & liability analysis, identify gain/loss drivers, and communicate findings clearly to internal teams and clients
- Prepare proposal illustrations for prospects with accurate assumptions and clear documentation
- Lead the PBGC standard termination workstream for assigned plans: prepare Form 500, Schedule EA‑S, Notices of Plan Benefits (NOPB), and distribution packages within deadlines
- Contribute to training and onboarding of new DB specialists; manage assignments through Nova’s project management processes
- (DB Specialist III) Serve as a liaison between the DB team and the Combo Account Management team; triage and resolve escalations
- (DB Specialist III) Review and sign off on deliverables prepared by Specialists/Analysts; drive quality control and process improvements
- (DB Specialist III) Plan and execute complex plan terminations and unusual design or funding scenarios
- (DB Specialist III) Mentor team members toward professional credentials and best practices in modeling, testing, and documentation
Requirements
- 5–10 years of hands‑on DB administration experience (cash balance a plus): valuations, ASC 715/916, testing, government filings, and benefit calculations
- A positive attitude, strong energy, and team spirit, with the willingness to contribute to the team and communicate cheerfully with all team members
- Demonstrated proficiency coding plans in third‑party actuarial software and critically reviewing numerical work product
- Clear, concise written and verbal communication; proven ability to manage a dashboard of work and meet deadlines
- Advanced Excel skills and strong analytical/problem‑solving mindset
- Experience preparing PBGC standard termination packages (Form 500, EA‑S, NOPB) and managing to regulatory timelines
- Strong command of 401(a)(4) nondiscrimination testing and related IRC regulations, with the ability to mentor staff on key concepts such as IRC 401(a)(4), 401(a)(26), 415, and similar provisions
- ASPPA QKA and QPA (or strong progress) preferred
- Exposure to proposal modeling/illustrations and client‑facing communication (preferred)
- Process‑orientation and aptitude for training/mentoring junior staff (preferred)
- Must work from USA and be authorized to work for any US employer
