Retirement Analyst managing defined benefit pension plans for clients and participants in a consulting role. Responsibilities include benefit calculations and client interactions for accurate disbursements.
Responsibilities
administration of defined benefit (DB) pension plans on behalf of clients and participants
second-signing and processing pension transactions
performing and reviewing pension benefit calculations
working with data, reviewing forms & letters for participants and beneficiaries
interacting with colleagues to provide information to plan sponsors, participants, beneficiaries, and third parties
completing client requests and responding to participant inquiries
analyzing/solving data and complex issues
participating in special projects related to DB administration services
performing peer-review of work to ensure accuracy and quality
reading and interpreting client plan documents/amendments and other documentation
guiding client teams to the resolution of escalated client or participant issues
coaching and mentoring junior staff
Requirements
Bachelor’s Degree or equivalent work experience
5+ years of defined benefit experience working for a benefits consulting firm or plan sponsor
Excellent mathematical and analytical skills
Exemplary critical thinking and problem-solving skills
Ability to balance and prioritize multiple projects in a fast-paced work environment
Aptitude to work within budgeted timeframes to maintain client profitability without sacrificing quality
Technically inclined with Microsoft Excel and Word applications
Experience working directly with, or personally programming, DB calculation algorithms in Excel or other pension administration software applications
Ability to query, modify, set-up, and review test cases used to test pension administration systems (including data, calculations, forms & letters, disbursements, etc.)
Experience working with pension disbursements – this includes initial pension payment set-ups, changes, stops, death processing, and reconciliations
Benefits
comprehensive health care coverage and emotional well-being support
market-leading retirement
generous paid time off and parental leave
charitable giving employee match program
educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
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