Job: Pension Analyst

Title Pension Analyst
Start Date 2012-03-26
Location Prince Georges County
Job Information

Researches, analyzes, evaluates and manages the administration of retirement plans and programs, including defined benefit and defined contribution plans. Must have a basic knowlege of final average pay plans.  Performs a variety of complicated tasks requiring computer and software skills. May direct the work of others, including third-party administrators and vendors.

Key Tasks

  • ·                          Ensure accurate submission of data to third party administrators; reconcile eligibility and other data between the organization and third party administrators
  • ·                          Perform data audits to ensure accuracy, quality and plan compliance
  • ·                          Work with HR managers, participants and third party administrators on a daily basis to resolve participant issues, data questions and calculation questions quickly and accurately
  • ·                          Assist with annual valuation data delivery and verification
  • ·                           Assist with external and internal plan audits, 5500 preparation, required mailings
  • ·                          Coordinate plan audits, 5500 preparation, SAR distributions, etc.
  • ·                          Identify opportunities to streamline processes and implement efficiencies
  • ·                          Update and edit plan documents, summary plan descriptions and other benefits communication materials
  • ·                          Provide data for all government filings for assigned plans (5500s, etc.)
  • ·                          Calculate pension benefits

               Provide retirement counseling and guidance

               Process pension payroll using Wells Fargo’s CEO System

  • ·                          Assist with other benefit projects as necessary

Requirements :                           Bachelor’s degree in Business or Finance  ,   2 – 4 years experience working with retirement benefits in a Corporate Benefits Department , specifically with pension benefits,            CEBS or SHRM PHR/SPHR Certification desired


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