Senior Associate, Actuary - 1805201
Company: Fidelity Investments
Location: San Francisco, CA
Posted on: May 25, 2018
Duties: Performs actuarial valuation of U.S. pension plans by applying IRS,
DOL, ERISA, FAS, and PBGC regulatory requirements.
• 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
• 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
• Performs calculations for defined benefit plan derisking lump sum
• Performs retirement plan due diligence reviews.
• Supports plan termination procedures related to mergers and
• 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
To apply, visit http://jobs.fidelity.com and search for Job Number 1805201.
Keywords: Fidelity Investments, Elk Grove, Senior Associate, Actuary - 1805201, Finance, San Francisco, CA, California
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