Retirement Services Analyst I

Building Service 32BJ Benefit Funds; New York (NY); On-site; USD 55,000 - 75,000; Full time

Job summary

Building Service 32BJ Benefit Funds is seeking a Retirement Services Analyst I to support pension eligibility determinations and processing of pension and death benefit applications under the supervision of the Retirement Services Supervisor. This entry‑level role requires a detail‑oriented approach, strong math and analytical skills, and proficiency with Microsoft Word and Excel.

A college degree and, preferably, pension administration experience are sought for our New York office; candidates

Qualifications

• College graduate.
• Experience with pension administration preferred.

Responsibilities

• Determine pension eligibility in compliance with plan documents for members, spouses and beneficiaries.
• Analyze applications for completeness and accuracy; draft follow-up correspondence as needed; maintain file while application is in process.
• Process pension and death benefit applications in a timely and accurate manner.
• Required minimum distribution calculations.
• Review “prior service” record and conduct research of work history as necessary.
• Support all batch application processes, including the review of calculations and applications.
• Test system updates.
• Complete standardized and one-off written communications.
• All banking transactions including, stop/reissue of pension payments, reclaims and reconciliations.
• Process ACH transfers.
• Corrections to overpayment and underpayment issues.
• Special projects as assigned by management.

Skills

Pension calculations

Excel

Word

Analytical

Time management

Multitasking

Customer service

Team player

Fast-paced

Organization

Education

College degree

Pension administration experience

Tools

Microsoft Office

Job description

Job Title: Retirement Services Analyst I

Labor Grade: 7

Department: Retirement Services

Reports To: Supervisor, Retirement Services

FLSA Status: Non-Exempt (Local 153)

Salary Range: As established by contract

Posting Date: 5/10/21

Position Summary

Under the supervision of the Retirement Services Supervisor, the Analyst I is responsible for determining pension eligibility and for processing all pension applications and death benefit claims in compliance with Plan documents and the law. These applications are inclusive of, but may not be limited to: retirement, death, and disability for all plans.

Essential Duties and Responsibilities

• Determine pension eligibility in compliance with plan documents for members, spouses and beneficiaries.
• Analyze applications for completeness and accuracy; draft follow-up correspondence as needed; maintain file while application is in process.
• Process pension and death benefit applications in a timely and accurate manner.
• Required minimum distribution calculations.
• Review “prior service” record and conduct research of work history as necessary.
• Supporting all batch application processes, including the review of calculations and applications.
• Test system updates.
• Complete standardized and one-off written communications.
• All banking transactions including, stop/reissue of pension payments, reclaims and reconciliations.
• Process ACH transfers.
• Corrections to overpayment and underpayment issues.
• Special projects as assigned by management.

Qualifications

Technical Skills

• Detailed Knowledge of pension calculations.
• Ability to prioritize work and meet deadlines.
• High level of proficiency on Microsoft office programs, including Word and Excel.
• Very strong math, analytical, problem solving and decisions-making skills.
• Excellent organizational and prioritizing skills.
• Detail oriented with strong ability to multitask.

Interpersonal Skills

• Strong oral and written interpersonal skills.
• Demonstrated customer service orientation.
• Ability to work both independently and as a team player.
• Ability to effectively operate in a fast-paced work environment.

Education and/or Experience: College graduate. Experience with pension administration preferred.

Reasoning Ability: High

Certificates, Licenses, Registrations: None