Pension Benefit Specialist

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.