Retirement Plan Analyst

AC Transit; Oakland (CA); On-site; USD 75,000 - 110,000; Full time

Benefits offered by this job

Pension

Medical coverage

Dental coverage

Vision coverage

Tuition reimbursement

Vacation & sick leave

Free bus pass

Job summary

AC Transit is seeking a Retirement Plan Analyst to provide retirement benefits information, process retirement-related forms, and resolve related issues. The role supports disability retirement processes, prepares materials for the Retirement Board, and may present findings to the Board.

The candidate should have a bachelor’s degree and at least four years of retirement administration experience, with travel possible between facilities. Union position with AFSCME representation.

Qualifications

• Bachelor’s degree required in finance, accounting, business administration, public administration, or related field.
• Four (4) years of professional retirement administration, HR, finance, or payroll experience.
• Two (2) years in Retirement Plan Associate Analyst or equivalent can substitute two years of education.

Responsibilities

• Perform initial calculation of retirement benefits and review materials, work histories, and options.
• Support disability retirement processes with information from applicants, doctors, and related parties; review medical reports for compliance.
• Prepare memoranda, reports, and analyses for the Retirement Board; may present to the Board.

Skills

Retirement administration

Data analysis

Regulatory compliance

Customer service

Education

Bachelor's degree in Finance/Accounting/Public Administration

Tools

HRIS

Job description

AC Transit is looking for a qualified Retirement Plan Analyst. Under general direction, this position, performs administrative support to moderately complex analytical work, providing Retirement Plan participants with information concerning their retirement benefits; assisting Retirement Plan participants with the processing of retirement-related forms, resolving any related problems, and understanding and applying applicable rules and regulations.

This is an excellent opportunity to work for the largest bus agency in California, make a difference in our local community, and promote AC Transit as a great employer of the East Bay.

In addition to working with some of the best in the business, AC Transit also has an excellent benefits package that includes pension, medical, dental and vision coverage, flexible spending, and 457 savings plan.

• Performs the initial calculation of retirement benefits, reviews related materials, work histories, and retirement options for employees.
• Supports activities related to disability retirement including the collection and dissemination of information from applicants, doctors, attorneys, and related parties; assigns cases to medical examiners; and reviews medical reports to ensure compliance with Retirement Plan rules.
• Prepares memoranda, reports, and analyses for the Retirement Board.
• Makes occasional presentations to the Retirement Board.
• Compiles, reviews, audits, and verifies demographic data of participants.
• Works independently on special projects.
• Assist in the preparation of the annual tax documents.
• Documents and updates procedures, supports compliance and analysis activities.
• Inputs retiree data into Human Resources Information System.
• Provides assistance, research, and troubleshooting of participant-level issues.
• Performs related duties as required.

Education

Equivalent to a bachelor’s degree from an accredited college or university with a major in finance, accounting, business administration, public administration, or a related field.

Experience

Four (4) years of professional level experience in retirement administration, human resources, finance or payroll. Demonstrated experience in one or more of the following areas: administering defined-benefit plans, payroll, human resources/benefits, finance, or accounting. Two (2) years of experience as Retirement Plan Associate Analyst or an equivalent position may be substituted for two (2) years of required education.

Special Requirements

Must be willing to occasionally work outside regular business hours and travel between the various District facilities if required.

Desirable Skill

Experience with defined benefit and retirement plan administration preferred.

Physical Requirements

Must maintain the physical condition necessary to: (1) perform tasks in an office setting operating a personal computer, keyboards, and other peripheral equipment; (2) possess physical mobility in order to transport oneself expeditiously within and between District facilities.

THIS POSITION IS A UNION POSITION, REPRESENTED BY AFSCME

Benefits

The transit professionals who call AC Transit home represent the rich cultural diversity of the Bay Area. For more than 60 years, we have been an equal opportunity employer honoring religion, ethnic background, national origin, gender, gender expression, genetic information, disabilities, age, and veteran status.

We are not only an inclusive employer but also offer a comprehensive benefits package rooted in choice, flexibility, and affordability. Benefits are effective the first of the month following your hire date. Employees and eligible dependents have access to the following benefits*:

• Medical - Choice of two Health Maintenance Organizations (HMOs): Kaiser Permanente and Health Net. $10.00 office visit co-pays; $5.00 - $35.00 prescription co-pays.
• Dental – MetLife Preferred Provider Organization (PPO) $50 annual deductible per person/$150 per family; $3,000 per person annual maximum; preventative care covered at 100%; basic and major care covered at 90%; $4,000 lifetime maximum orthodontia covered at 50%.
• Vision - Vision Service Plan - $10.00 copay; eligible for an exam, lenses, frames or contact lenses every 12 months – based on the last date of service. $200 frame allowance or $120 allowance for contact lenses.
• Employer paid Basic Life Insurance
• Employee paid Voluntary Term Life Insurance
• Employee Assistance Program (EAP)
• Medical premium reimbursement for eligible retirees
• Flexible Spending Accounts (FSA) for Health Care, Dependent Care, Parking, Transit
• AC Transit contributes up to $50.00/month towards an employee’s FSA Transit costs
• Free AC Transit Bus Pass
• Federal Credit Union
• Vacation and Sick Leave or Personal Time Off
• Ten (10) paid holidays; 2 paid floating holidays; 1 paid birthday holiday
• Five (5) bereavement days
• Tuition Reimbursement – up to $2500 per fiscal year on approved courses
• Wellness Program

*AC Transit benefits are negotiated and subject to change based on collective bargaining agreements.

Pension: All AC Transit employees participate in a lifetime defined benefit pension. All employees hired on or after January 1, 2020, may be in the District's Tier II pension plan covered by the Public Employees' Pension Reform Act of 2013 (PEPRA). As such, he/she may be required to contribute a small portion of annual income towards the cost of his/hers District pension.

ADA Compliant and Drug Free Workplace: The Human Resources Department will make reasonable efforts in the recruitment/examination process to accommodate applicants with disabilities. If you have a need for an accommodation, please call Human Resources at [phone].

Equal Opportunity Employer