Senior Actuarial Analyst
Altman & Cronin Benefit Consultants, Llc (Acquired By Gallagher)
San Francisco Bay Area
• Performed data update & reconciliation for large & medium sized pension plans• Programmed actuarial liability calculations using FORTAN-based software• Analyzed asset & liability gains & losses• Determined contribution requirements under IRC Section 412 • Determined SFAS No. 158 expense and additional minimum liability• Captured funding, accounting results & demographic trends with graphs & exhibits• Completed & reviewed actuarial valuation reports for qualified & nonqualified pension plans • Completed executive management summary reports with contribution & expense projections for two largest clients• Served as a plan administrator for big & medium sized clients• Performed termination estimates & retirement calculations • Communicated with clients & participants on daily basis explaining benefit packages• Reviewed participants’ signed election forms & issued directives to banks for starting annuity/lump sum payments• Prepared & maintained participant benefit files with accuracy & confidentiality• Prepared & sent out annual benefit statements for plan participants• Updated & reviewed plan documents, Summary Plan Descriptions, benefit calculators & election forms to compile with ERISA & PPA • Prepared government Form 5500 filings, PBGC Forms & annual funding notices • Reminded clients of deadlines & helped clients to submit government filings• Verified assets, data & liabilities & assisted auditors for annual plan audits• Determined testing population & coverage & completed non-discrimination testing for defined benefit plans• Accomplished special projects such as plan termination, plan redesign, termination & retirement studies for clients in the medical, banking & airline industries