John Wesztergom Email & Phone Number

Malvern, Pennsylvania

• Manage the administration of the 40+ SGC Qualified and Non-Qualified Defined Benefit plan formulas covering over 30,000 lives.
• Employ strong vendor management skills coordinating the contact with TPA, Actuarial, and ERISA counsel with regard to pension related issues.
• Manage the policy and plan amendment process to ensure that all defined benefit plans and policies are administered in a consistent fashion and are in compliance with the plan. Further ensure that all plans are in.
• Secure approval from the Executive Committee and Benefits Committee by presenting plan amendments, opportunities for de-risking and claim reviews.
• Managed the de-risking of $680M in retiree liability, purchasing annuities from a nationally recognized insurance company.
• Recommend plan design changes and review SPDs and Plan Amendments.

Malvern, Pennsylvania, United States

Malvern, Pennsylvania

• Developed Excel Tools to streamline calculation process for Dollar per Month and Salary based pension plan formulas as well as for Non-Qualified arrangements such as Supplemental Executive Retirement Plans.
• Subject Matter Expert on interpreting Plan Provisions located in the Plan Documents and keeping abreast of ever-changing Government regulations.
• Spearheaded a program to proactively identify and correct data, configuration, communication, and product issues relating to the administration of client Pension Plans.
• Determined new validation and rules to ensure proper controls are in place and the integrity of the data is maintained. Facilitate the documentation, testing, elevation, and communication of these rules to project.
• Created customized reports using Cognos utilized by internal and external Vanguard clients.
• Built Access Databases to track and maintain data sets for various purposes.

Chesterbrook, Pennsylvania

• Performed ERISA and FAS Actuarial Valuations in order to calculate funding and reporting requirements for Defined Benefit Pension Plans.
• Modeled cost and risk scenarios for potential Pension Plan design changes.
• Managed large client data sets using MS Access.
• Performed plan termination liability studies for clients interested in determining the potential costs of terminating their qualified Pension Plan.
• Performed experience studies critiquing actual versus expected plan experience.
• Processed Government filings including form 5500 Schedule B

Greater Philadelphia Area

• Processed accrued and projected benefit calculations for pension plan participants.
• Developed and maintained databases for client assignments.
• Assisted with the preparation of annual Actuarial Valuations.
• Created customized spreadsheets used in benefit calculations.

Wayne, Pennsylvania

• Directed a staff of five analysts.
• Coordinated the preparation of annual financial statements for several families of mutual funds.
• Allocated workloads in most efficient manner to avoid over/under utilization of staff.
• Trained, cross-trained, and developed staff.
• Evaluated performance of staff and conducted interviews for potential new employees.
• Reviewed daily work performed by the analysts; identified and resolved errors in a timely manner.

Wayne, Pennsylvania

• Monitored fund compliance with SEC, IRS, and prospectus regulations.
• Set up securities and entered trades for the funds into the Sungard Invest One system.
• Calculated income and amortization on securities held in the funds.
• Position interacted with fund advisors, brokers, and pricing analysts on a daily basis.

Ms, Actuarial Science

Activities and Societies: Gamma Iota Sigma Insurance Fraternity

Bba, Finance, Risk Management

Activities and Societies: Gamma Iota Sigma Insurance Fraternity