As part of the Defined Benefit (DB) Operations team, facilitates a variety of processes including system programming, quality assurance, data analysis, benefit calculations, payment processing, death processing, payment verifications, and beneficiary forms.

Responsibilities

  • Perform complex and manual DB retirement calculations and other processes using knowledge ERISA and actuarial based tools, taking ownership of identified issues through to resolution.

  • Support specialized projects and provide technical guidance to internal partners, including data analysis, manual research, and population identification.

  • Perform defined benefit payment processing and support payment maintenance including SOC1 compliance and tax documents (1099).

  • Research, recommend, and document improvements in service and productivity to ensure quality service.

  • Mentor lower level team members.

  • Oversee overpayment process and make corrections to tax forms as needed.

  • Review and reconcile Taxport files and foreign tax forms to ensure proper reporting of taxes on 1099R, 1042, and W-Update and reissue tax forms as necessary.

Qualifications

  • Bachelor's degree in business, math, finance, actuarial science, or related field, or equivalent education/experience

  • Four years of relevant work experience

  • Good understanding of retirement industry regulations and the ability appropriately interpret rules

  • Good understanding of defined benefit pension and actuarial concepts

  • Basic knowledge of computer programming

  • Strong math and statistical skills

  • Strong analytical and problem solving skills

  • Excellent verbal and written communication skills to explain complex concepts to customers

  • Strong organizational and prioritization skills

  • Proficiency using MS Word, Excel

Preferred Qualifications

  • Basic SQL query skills

Working Conditions

  • Work from Home/Remote

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules. It is estimated based on what a successful Colorado applicant might be paid. It assumes that the successful candidate will be in Colorado or perform the position from Colorado. Similar positions located outside of Colorado will not necessarily receive the same compensation. **

Compensation:

The rate for this position generally ranges between $55,000 - 68,000. This range is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2.

Bonus Eligibility:

This position is also typically eligible for an annual based on the Company Bonus Plan/Individual Performance and is at Company Discretion at a rate of 7.5%