"Alerted.org

Pay Range: $73,261.00 - $112,336.00

The defined benefit team provides plan design, actuarial valuation, administration, and consulting services to qualified defined benefit, including cash balance retirement plans. The Actuarial Analyst Team Lead works under the supervision of the Director of the Defined Benefit Department, in close contact with the defined benefit actuary supervising the Actuarial Analysts, to prepare annual actuarial valuations, support the ongoing administration of defined benefit pension plans and promote the highest levels of client satisfaction by reviewing client deliverables and mentoring the analyst team.

Education and Experience:

+ Bachelor's degree in mathematics, actuarial science, or related field

+ A minimum of ten (10) years of pension actuarial experience or equivalent combination of education/experience

+ Society of Actuaries Designation or ASPPA Qualified Pension Administrator (QPA) is preferred.

Skills and Abilities:

+ Outstanding analytical and mathematical skills including understanding of actuarial science, probability and statistics.

+ Demonstrated knowledge of IRS regulations and ERISA requirements covering Defined Benefits Pension Plans, and experience administering a broad range of plan design options, including complex allocation formulas and benefit payments.

+ Proficient in Microsoft Word, Excel, various database platforms, modeling software and DB applications.

+ Demonstrated ability to communicate effectively to a variety of audiences

+ Excellent organization and prioritization skills.

+ Demonstrated leadership aptitude.

​

Tasks Performed:

+ 40% Calculates annual pension plan minimum funding, maximum deductible contribution amounts, and pension funding and accounting reports for review by the Actuary. Manages timelines, delegates tasks, and provides guidance and mentorship to junior actuarial analysts.

+ 30% Assists client and Actuarial Analysts with inquiries and requests related to pension plans. Makes recommendations that meet the needs of client goals. Reviews benefit calculations and administers plan in accordance with plan document. Performs annual non-discrimination testing of the defined benefit pension plan. Acts as a point of escalation for more complex problems.

+ 25% Performs special calculations and analysis as needed at the request of the Actuary. Identifies opportunities to improve processes and deliverables, and enhance our operational efficiency. Supports new plan proposal process. Mentors analysts through client issues to meet client SLAs.

+ 5% Other duties as assigned.

Physical Requirements:

+ Communicate effectively with internal and/or external customers

+ Stationary 75% of time or greater

+ Move Objects to Maximum 10 lbs

Benefits for Full-Time Employees:

+ Generous Paid Time Off : At least 22 days annually, prorated in the year of hire.

+ Parental Leave : Six weeks of paid leave at 100% of your salary.

+ Comprehensive Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.

+ Dental and Vision Coverage : Ensuring your overall health and well-being.

+ Flexible Spending Accounts : For healthcare and dependent care expenses.

+ Employer-Paid Disability Coverage : Both short-term and long-term, with an option to purchase additional long-term coverage.

+ Life Insurance : Employer-paid basic life insurance, with an option to purchase supplemental coverage.

+ Voluntary Benefits : Including hospital, accident, and critical illness coverage.

+ Retirement Plans:  Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.

+ Adoption Assistance : Supporting your growing family.

+ Tuition Reimbursement : Invest in your education and career growth.

+ Employee Assistance Program (EAP) : Access to support and resources.

+ Financial and Banking Services : Various benefits and financial planning assistance .

Benefits for Part-Time Employees Working 20+ Hours/Week:

+ Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.

+ Generous Parental Leave : Six weeks of paid leave at 100% of your salary.

Benefits for All Part-Time Employees:

+ Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future

+ Paid Sick and Safe Leave : For your health and safety.

+ Employee Assistance Program (EAP) : Access to support and resources.

+ Financial and Banking Services : Various benefits and financial planning assistance .

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

NBT Bank offers a stimulating work environment that recognizes talent and encourages teamwork. Our employees benefit from a total compensation package, including competitive salary, bonuses and a wide range of benefits for eligible employees - like our Tuition Reimbursement Program. Join NBT Bank and build your career through the many growth, learning and collaborative opportunities made available across the company.

+ EEO is the law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf)

+ EEO is the Law Poster Supplement

+ Pay Transparency Nondiscrimination Provision (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)

+ Family Medical Leave Act (FMLA) Poster

+ Employee Polygraph Protection Act (EPPA) (https://www.dol.gov/sites/dolgov/files/WHD/legacy/files/eppac.pdf)

NBT Bank is an equal opportunity employer and fully supports a diversified environment. We do not discriminate against any applicant or employee because of race, color, religion, sex, national origin, age, disability, sexual orientation, marital status or veteran status, recently separated veterans, genetic information, victims of domestic violence and stalking or any other class protected by Federal, State or local law. This policy applies to all terms of employment.

NBT Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the Careers website or submission process, please call 1-888-804-1771 or contact us via email at [email protected]. The Human Resources Shared Service Center hours of operation are Monday through Friday, 8:00 AM to 5:00 PM EST.