Actuarial Associate

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November 20

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July Business Services

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Finance • B2B • HR Tech

July Business Services is a provider of employer-focused retirement plan solutions that helps businesses start and run 401(k) plans. The company offers plan administration and fiduciary services, payroll integration, enrollment and personalized employee experiences, and online tools like calculators, tax credit estimators, and educational webinars. It serves employers, advisors, TPAs and employees and is affiliated with an SEC-registered investment advisor to support retirement plan management and compliance.

201 - 500 employees

Founded 1994

💸 Finance

🤝 B2B

👥 HR Tech

📋 Description

• Assist in managing a portfolio of Defined Benefit (DB), Cash Balance (CB), and related 401(k) plans, ensuring timely and accurate service delivery. • Review actuarial valuation reports, funding calculations, and contribution recommendations. • Perform and review annual plan calculations, including benefit accruals, minimum required contributions, maximum deductible contributions, and lump-sum factors. • Manage calculation and delivery of participant benefit distribution requests. • Support actuaries in preparing and analyzing nondiscrimination testing (e.g., 401(a)(4), 410(b), 401(a)(26), 415 limits) for DB and DC plans. • Coordinate with actuaries on plan design considerations, regulatory changes, and potential improvements for clients. • Assist with compliance reviews to identify operational failures or plan qualification issues and support corrective action. • Communicate actuarial and technical concepts clearly to internal teams and external clients. • Assist with plan termination processes, including benefit calculations and required regulatory filings. • Maintain up-to-date knowledge of industry trends and legislative/regulatory changes affecting retirement plans. • Document client activity, calculations, and communications within JULY’s CRM system. • Support ad hoc actuarial and compliance projects as assigned.

🎯 Requirements

• 3+ years retirement plan experience, DB/CB strongly preferred. • Ability to review actuarial calculations and valuation components. • Strong analytical skills and attention to detail. • Proficiency with MS Office suite. • Clear written and verbal communication. • Strong organizational skills. • Self-motivated problem solver. • Client-focused, reliable, and collaborative. • Commitment to deliver value through teamwork and collaboration, regardless of task size.

🏖️ Benefits

• 401(k) Plan with fully vested 5% employer match • Company pays 100% of employee health insurance • Four weeks of Paid Time Off