Pension Benefit Specialist

Beacon Hill Staffing Group; California; On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Leave programs

Job summary

Beacon Hill is seeking a Pension Administrator to support the administration and processing of retirement and pension benefits. You will work directly with plan participants and beneficiaries, assisting with applications, calculating benefits, and ensuring accurate documentation and payments.

The role focuses on responding to inquiries, processing various pension benefits, and coordinating with internal teams to ensure timely payments and accurate benefit calculations.

Qualifications

• Strong mathematical, analytical, and reasoning skills.
• Excellent written and verbal communication abilities.
• Highly organized with strong attention to detail and follow-through.
• Ability to manage multiple priorities and work independently.
• Professional demeanor and ability to work with individuals at all levels.

Responsibilities

• Respond to participant inquiries regarding retirement, accrued benefits, and plan rules.
• Prepare and process pension applications for Basic and Supplemental Plan benefits.
• Review retirement and death benefit applications for completeness and follow up on missing information.
• Calculate benefits, including QDROs and post-retirement benefits.
• Meet with participants to provide information regarding pension benefits.
• Coordinate with internal departments on medical premium deductions and benefit calculations.

Skills

Mathematical skills

Analytical thinking

Communication skills

Organization & detail

Education

Bachelor's degree preferred

Job description

Position Overview

Our client, a nonprofit organization, is seeking a Pension Administrator to support the administration and processing of retirement and pension benefits. This role will work directly with plan participants and beneficiaries, assist with pension and supplemental plan applications, calculate benefits, and ensure benefit-related documentation and payments are processed accurately.

Key Responsibilities

• Respond to participant inquiries regarding retirement, accrued benefits, death benefits, withdrawal benefits, and pension plan rules.
• Prepare and process pension applications, including Basic and Supplemental Plan benefits.
• Review retirement, post-retirement, and death benefit applications for completeness and follow up on missing information.
• Calculate benefits related to Qualified Domestic Relations Orders (QDROs) and post-retirement benefits.
• Meet with participants and beneficiaries to provide information regarding pension benefits.
• Research and prepare correspondence related to pension benefits, including benefit confirmation and plan value letters.
• Set up and review electronic funds transfers (EFTs) for monthly benefit payments.
• Process quarterly Supplemental Account income adjustments and review annual Supplemental Account reports.
• Review and reconcile 1099-R reports.
• Coordinate with internal departments regarding medical premium deductions, contribution adjustments, and benefit calculations.

Qualifications

• Bachelor's degree preferred.
• 1-3 years of financial services experience preferred.
• Familiarity with Defined Benefit and Defined Contribution Pension Plans preferred; knowledge of Taft-Hartley plans is especially valuable.
• CEBS candidacy is desirable.
• Strong mathematical, analytical, and reasoning skills.
• Excellent written and verbal communication skills.
• Highly organized with strong attention to detail and follow-through.
• Ability to manage multiple priorities and work independently.
• Professional demeanor and ability to work effectively with individuals at all levels.

Beacon Hill is an equal opportunity employer and individuals with disabilities and/or protected veterans are encouraged to apply.

California residents: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Company Profile:

Founded by industry leaders to set a new standard in search, career placement and flexible staffing, we deliver coordinated staffing solutions with unparalleled service, a commitment to project completion and success and a passion for innovation, creativity and continuous improvement.

Our niche brands offer a complete suite of staffing services to emerging growth companies and the Fortune 500 across market sectors, career specialties/disciplines and industries. Over time, office locations, specialty practice areas and service offerings will be added to address ever changing constituent needs.

Learn more about Beacon Hill and our specialty divisions, Beacon Hill Associates, Beacon Hill Financial, Beacon Hill HR, Beacon Hill Legal, Beacon Hill Life Sciences and Beacon Hill Technologies by visiting www.bhsg.com.

Benefits Information

• medical
• dental
• vision
• federal and state leave programs

Upon successfully being hired, details will be provided related to our benefit offerings.

We look forward to working with you.

Beacon Hill. Employing the Future