Pension Analyst
HybridChicago, Illinois, United States
Job Summary
Perform daily pension administration tasks including analyzing and calculating benefits by applying IRS, ERISA, and plan rules. Investigate and troubleshoot issues within the benefit administration system while maintaining knowledge of regulatory trends. Prepare weekly, monthly, quarterly, and annual compliance reports for the Board of Trustee meetings. Coordinate with internal and external stakeholders on new system implementations, upgrades, and maintenance. Create test plans for user acceptance testing and execute data maintenance to track member file progress. Assist in annual pension planning and auditing processes while ensuring accuracy in complex calculations. Manage multiple tasks to facilitate continuous improvement and implement industry best practices.
Required Qualifications
- A minimum of five (5) years' of demonstrated defined benefit experience processing pension and/or retiree benefit claims experience working in a Taft-Hartley environment, third party administration (TPA), non-profit, labor union and/or mission-driven organizations
- Advanced knowledge and understanding of Defined Benefit principles and legislation
- Demonstrated mathematical, technical, analytical, critical thinking, problem-solving, and project management knowledge and experience
- Experience with technical documentation and interpreting requirements
- Ability to accurately translate technical tasks and requirements to be easily digestible for system end users
- Excellent written, verbal, and non-verbal communication skills, with the ability to collaborate effectively with peers, team leads, leadership, as well as internal and external stakeholders
- Must have strong organizational and time-management skills with the ability to manage competing priorities with attention to detail, productivity, and quality
- Demonstrated sense of accountability with the ability to work independently, manage up, laterally, and work collaboratively with all levels and across the organization
- A high level of self-awareness and self-mastery when interacting with others
- An exceptional team spirit and positive attitude, along with a high degree of integrity and judgment to earn and keep team confidence and morale
- Intermediate to advanced user of benefits administration software, Basys/Bridgeway preferred
- Intermediate to advanced skill level using Microsoft Office Suite (Word, Excel, Outlook, Access and Power Point) including the use Excel pivot tables and formulas
- Experience with reporting and dashboard tools (Smartsheet or other project management tools)
- Experience working in a hybrid work environment, using a variety of virtual conference platforms to support and demonstrate collaboration and high productivity levels
Desired Qualifications
- Bachelor's degree in Statistics, Mathematics, Analytics, or related field preferred
- Certified Employee Benefit Specialist (CEBS) and Project Management certification is preferred
- Written and verbal fluency in Spanish and/or Polish is a plus
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