Actuary

• Assist sales team with design and communication of technical ERISA aspects of Cash Balance, Defined Benefit, and Defined Contribution plans
• Produce and present projections for new business proposals based on input from prospects and sales consultants
• Explain Defined Benefit and Cash Balance funding strategies, PBGC and non-PBGC plans, limits and minimums, plan adoptions, and any new legislation
• Manage a book of existing and newly implemented clients, including data review, testing, valuation preparation, and required government and regulatory filings
• Utilize analytical software to review employee census data, existing 401(k) and Profit Sharing plan documents, and ownership data to design a Defined Benefit, Cash Balance, and/or 401(k)/Profit Sharing plan that fulfills the client’s desires and objective while also complying with all the various limitations, coverage, and nondiscrimination testing requirements found in ERISA
• Identify and implement changes and/or amendments needed to plan documents to address client needs and/or resolve client requests
• Monitor receipt of client’s census information to prioritize completion of annual reporting requirements
• Coordinate and assist administrators with timely completion of discrimination compliance testing
• Provide input and guidance to colleagues assigned to administration for both a 401(k) and cash balance or defined benefit plan
• Provide internal training to Alerus Sales and Administration Staff

Actuary – Cash Balance Plans, Retirement Plans

• Lead quarterly and annual reserve analyses for multiple P&C lines of business.
• Evaluate reserve adequacy and analyze loss development trends.
• Prepare reserve recommendations and support statutory and management reporting.
• Collaborate with external actuaries on reserve studies, actuarial reviews, and reporting requirements.
• Partner with Claims, Underwriting, and Finance teams to identify emerging trends and assess business impacts.
• Maintain and enhance reserving models, methodologies, and supporting documentation.
• Train and mentor Financial Analysts on actuarial reserving techniques and best practices.
• Support audits, regulatory reviews, and actuarial reporting requirements.
• Identify opportunities for process improvement and automation within the reserving function.

Actuary jobs in North Dakota

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Actuary – Cash Balance Plans, Retirement Plans

Manager – Actuarial Reserving