Senior Benefits Administration Services Analyst – Defined Benefits

This is a fully remote position, open to applicants in New Jersey.

📋 Description

• Manage defined benefit pension plans in accordance with plan documentation and relevant regulations.

• Evaluate and process retirement calculations, benefit start dates, distributions, and participant transactions.

• Investigate and resolve complex participant inquiries and escalated matters.

• Ensure adherence to ERISA, IRS, and other regulatory requirements.

• Conduct quality reviews and audits to uphold data integrity and precision.

• Assess pension calculations and verify system outputs.

• Assist with yearly administration tasks, including valuation, testing, and regulatory reporting.

• Work collaboratively with clients, actuaries, vendors, and cross-functional teams to ensure service delivery standards are fulfilled.

• Identify opportunities for process enhancements and implement best practices to improve efficiency and accuracy.

• Support special projects, system implementations, and client initiatives.

• Mentor and guide team members on defined benefit processes and procedures.

• Keep detailed documentation and ensure compliance with established policies and procedures.

⛳️ Requirements

• Bachelor’s degree or a comparable mix of education and experience.

• Over 5 years of experience in benefits administration, with a strong focus on defined benefit pension plans.

• Familiarity with ERISA, IRS regulations, and pension administration practices.

• Experience in performing pension calculations and understanding plan documentation.

• Strong analytical and problem-solving abilities.

• Exceptional communication and customer service skills.

• Proficient in Microsoft Office applications, especially Excel.

• Capability to handle multiple priorities and meet deadlines in a dynamic environment.

• Experience with pension administration systems and related technologies is preferred.

🏝️ Benefits

• Health & Welfare Benefits: Comprehensive plans tailored to your needs, effective from day one.

• Retirement Savings: Robust programs to help you secure your financial future.

• Employee Discounts: Access to a wide range of discounts on merchandise, services, travel, and more.

• Career Growth Opportunities: Paths for advancement within a global organization.

• Paid Training: Learn while you earn with award-winning learning platforms.

• Paid Time Off: Competitive PTO packages to help you recharge.

• Great Work Environment: Join an award-winning culture that values diversity and inclusion.