This assignment will be responsible for calculating pension and related benefits.

Duties include:
Benefit Calculations: Accurately process complex retirement, survivor, and account adjustments.
Data & Compliance: Ensure data integrity and apply IRS regulations to all payouts and reporting.
Analysis: Research and verify financial transactions, reporting systems, and member information.
Member Support: Communicate with employers to verify documents and resolve inquiries.
System Management: Utilize computer systems to retrieve data and process payments outside standard systems.

Knowledge, Skills, and Abilities:
Financial Expertise: Knowledge of client statutes, IRS regulations, and automated disbursement systems.
Technical Proficiency: Advanced skills in Excel and relational databases.
Analytical Skills: Strong mathematical and problem-solving abilities for high-volume, deadline-driven work.
Communication: Excellent written and verbal skills for professional correspondence.
Some college preferred but not required



JOB SUMMARY:
The client is seeking a proactive individual with work experience in pension-related calculations to fill one vacancy on the Tier 2 team in Member Benefits.

DUTIES INCLUDE:
Accurately perform complex benefit calculations including retirement and survivor benefits, actuarial present value, lump sum payments, Qualified Domestic Relations orders and pension account maintenance Utilize various computer programs and databases to retrieve and analyze financial transactions
Evaluate and interpret reporting systems, procedures, policies and methods
Research, analyze and verify information relating to benefit payments, 1099Rs and member accounts following statute and legal determinations
Apply Internal Revenue Service regulations on payouts and reporting
Ensure the accuracy of data in the disbursement system
Calculate and prepare requests for payments outside the disbursement system
Contact members, beneficiaries, employers and related parties via phone and correspondence
Review documents for authenticity and completeness
Maintain data integrity within client databases

KNOWLEDGE, SKILLS & ABILITIES:
Knowledge of the methods and techniques of automated financial/disbursement systems and databases Knowledge of statutes, policies and procedures, and information systems pertaining to the client
Knowledge of IRS regulations with regard to payment and reporting of annuities and lump sum disbursements
Strong analytical, mathematical, and problem-solving skills
Excellent written and verbal communication skills
Ability to process a high volume of varying calculations and meet multiple deadlines with accuracy
Strong computer skills with emphasis on Excel and relational databases
Ability to recognize inefficiencies and contribute towards improving processes
Prefer six months' experience calculating benefits, pensions, or similar financial transactions
Prefer six months' experience calculating adjustments to individual account balances
Prefer Associate's degree with an emphasis in math


Notes:
Position will be remote but will need to come in the office as needed