Defined Benefit Operations Specialist
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.
Perform routine and moderately complex DB Retirement benefit calculations, payment processing, and other operational processes using knowledge of ERISA and tools used to perform calculations.
Support projects as a calculations resource for specified clients. Perform analysis, including population identification based on documented criteria, manual research.
Provide technical guidance to internal partners, including call center, client consultants and project team. Execute changes to DB payments, contact information, taxes, EFT detail, beneficiaries, etc. per participant or client request.
Review payment related forms to determine if in good order, and process based on knowledge of applicable rules and regulations,
Review and reconcile payment files to ensure SOC1 compliance
Maintain and update tax documents (1099R) based on knowledge of taxation regulations
Bachelor's degree in business, math, finance, actuarial science, or related field, or equivalent education/experience
Two years relevant work experience
Basic knowledge of defined benefit pension and actuarial concepts
Basic knowledge of retirement industry regulations
Strong math and statistical skills
Good verbal and written communication skills
Strong organizational and prioritization skills
Proficiency using MS Word, Excel
Defined benefit pension experience
Computer programming fundamentals
Basic SQL query skills
Work from Home/Remote