Nova 401(k) Associates is hiring a Team Leader for the Defined Benefit (DB) Team. This role leads Nova’s Defined Benefit Team and manages a team of actuaries and DB specialists with accountability for team performance, staff development, client service quality, and continuous improvement across DB and combo plan work.
The Team Leader will train, coach, and develop junior staff; set goals; support performance reviews; help shape team policies; resolve complex service issues; strengthen core processes; and help the team deliver accurate, timely work while supporting Nova’s culture and business goals. Success in this role is measured primarily by the effectiveness, development, and results of the team. Qualified candidates should have at least ten years of retirement plan industry experience and five years of supervisory or management experience.
Job Responsibilities:
Manage a team of 10-15 actuaries and DB specialists, including oversight of service quality for internal and external combo plan clients, progress against Nova’s performance metrics, training and feedback for team members, and completion of salary and performance reviews
Champion Nova’s values and policies by modeling strong leadership, reinforcing expectations, and helping team members understand how their work supports company goals
Develop team members through ongoing coaching, training, feedback, and support throughout the year
This role works closely with Nova’s Combo AM, Sales, and leadership teams and serves as an escalation point for complex DB and combo plan service issues
Keep current with new regulations and legislation as well as an awareness of proposed regulations and legislation
Assist with coordinating Nova’s annual broker cash balance plan external webinar
Oversee the DB plan termination process and help design a strategy to streamline that process
Build a team and process to efficiently and accurately complete distribution packages for the DB plans
Manage client special projects by coordinating priorities, communicating progress, and helping ensure deliverables are completed accurately and on time
Other duties as required
Qualifications:
10+ years of retirement plan industry experience, including significant experience with defined benefit plans, cash balance plans, or combo plan administration
5+ years of supervisory or management experience in the retirement plan field
Relevant retirement plan credentials preferred, such as NIPA, ASPPA, EA, ASA, or other actuarial or retirement plan credentials
Bachelor’s degree required; degree in actuarial science, mathematics, finance, accounting, business, or a related field preferred
Strong knowledge of ERISA, the Internal Revenue Code, Treasury Regulations, and nondiscrimination testing, including ADP/ACP, 415, 410(b), Top Heavy, and 401(a)(4) requirements
Ability to manage and prioritize workload towards weekly goals in a results-oriented team environment
Able to interpret provisions of pre-approved and individually designed plan documents
Strong research and analytical skills
Excellent written and verbal communication skills
Superior organizational skills
Flexibility, adaptability and ability to multi-task
High level of critical thinking
Committed to lifelong learning and coachable
Demonstrated ability to lead through others, coach technical staff, make decisions in complex client situations, communicate clearly with internal partners, and balance quality, timeliness, and team capacity
Compensation and Benefits:
Base salary range: $120,000-$150,000
Salaried, exempt
Medical, dental, disability, and life insurance
Paid time off
401(k) plan with employer match
Work Location/Hours:
Work from home
Must work from within the United States and be authorized to work for any U.S. employer
We will supply all necessary computer equipment
You may choose a start time between 7:30 am and 9:00 am Central Tim
Expected to travel to Houston, TX, 3-4 times per year for leadership meetings and team-building activities
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Nova 401(k) Associates is a third-party, non-producing 401(k) plan administration firm that provides comprehensive retirement plan administration services. The company specializes in managing defined contribution plans and offers services including plan document administration, account management, plan reviews, and client advisory support. Nova serves financial advisors and plan sponsors across the country, supported by a nationally recognized sales team. The firm has maintained a remote work infrastructure for over 10 years and is known for supporting professionals through designations and continuous training.
