Retirement Project Specialist

Transamerica Corporation; Cedar Rapids (IA); On-site; USD 59,000 - 69,000; Full time

Benefits offered by this job

Bonus eligible

401k match

Medical Insurance

Pension Plan

Paid Time Off

Job summary

Transamerica Corporation is seeking a specialist to coordinate Match and Profit Share calculations for Mega and Large market clients. The role involves loading data, creating year-to-date base calculation files, and assisting clients with Transamerica outsourcing technology.

You will support ROC, SharePoint and Access databases and help load client remittance data. The candidate will communicate with clients and internal teams, ensuring data accuracy and timely processing, with minimal travel in

Qualifications

• Bachelor’s degree in business, system-related field, or equivalent experience required.
• 3–5 years pension, accounting or technical experience preferred.
• Experience with pension processes and data systems is essential.

Responsibilities

• Format EXCEL files and implement IF statements for Match/Profit Sharing calculations.
• Load data files and manage outsourcing service setups with clients.
• Update ROC tables and coordinate data transmissions between Transamerica and clients.
• Support SharePoint and Access databases used in outsourcing projects.

Skills

Excel formulas

Macros

AQT

Spufi

Pension knowledge

Analytical skills

Education

Bachelor's degree or equivalent

Tools

AQT

ROC

SharePoint

Access

Job description

Job Family Transactions / Client Processing

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. For more information, visit transamerica.com.

Job Description Summary

Coordinate Match and Profit Share calculations for high profile Mega and Large market clients. This includes developing and implementing “IF” statement formulas to calculate Match and Profit Share contributions with 100% accuracy. Determine required data for remittance layouts, create year to date base calculation files by combining system data with client remittance data. Additionally, the candidate will be responsible for loading data files for selected Mega and Large market clients that utilize Transamerica’s Outsourcing Services, coordinate the setup of data transmissions between Transamerica and the client and assist clients (internal and external) in the utilization of current Transamerica outsourcing technology. In addition, the candidate will support and update SharePoint and Access data bases. This includes using the ROC application to edit table data.

Job Description Responsibilities

Format EXCEL files and program calculation by implementing “IF” statements to perform Match/Profit Sharing calculations for Mega and Large market clients. Accumulating data from ongoing remittance files. Ensure true accuracy of these “quarterly” accumulated files needed for Plan Testing purposes as well as determining Employer contributions. Work with client on discrepancies or questions concerning the Match/Profit Sharing calculations. Review plan document to determine Outsource Services. Work with the client to develop test files for data required to support Outsourcing. Load data and activate Outsource Services for In-Force plans. Projects as assigned.

Qualifications

Bachelor’s degree in business, system-related degree, or equivalent experience required. 3-5 years pension, accounting or technical required. Comprehensive knowledge of processes and systems used with expertise in most job functions. Pension knowledge required. Strong PC skills required including electronic mail, routine database activity, work processing, spreadsheet, etc. AQT and Spufi knowledge required.

Preferred Qualifications

• Knowledge of various software packages including EXCEL with emphasis on formula writing and creating Macros to calculate Employer contributions.
• Ability to use text editors to review file data necessary to support Outsource Services.
• Knowledge of AQT and ROC applications.
• Strong problem-solving skills needed to isolate and resolve data issues for Employer contribution files.
• Excellent time management and organizational skills to meet client deadlines.
• Knowledge of Transamerica’s PIII record keeping system.
• Knowledge of Transamerica’s Direct On-Line and Plan Sponsor On-Line.
• Knowledge of SharePoint and Access programs.
• Strong verbal and written communication skills to respond to inquiries by clients and internal Transamerica representatives.

Working Conditions

Normal office environment. Minimal travel required.

Compensation

The salary for this position generally ranges between $58,500 - $68,500 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

• Competitive Pay
• Bonus for Eligible Employees
• Benefits Package
• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
• Health and Work/Life Balance Benefits
• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica’s Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity. As of December 31, 2023 At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers. For more information, visitwww.transamerica.com.