Overview

COMPANY DESCRIPTION
Our Client is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services.

JOB DESCRIPTION
As a Pension Administration Project Manager, the qualified applicant will be working as part of the Retirement and Financial Management Pension Administration Group, which is responsible for providing defined benefit administrative services to multiple RFM clients using the DBCalc software. Responsible for day to day management of a specific client or clients, assisting with implementations, managing special projects, delegating work among associates within a project, and acting as a mentor and role model

SPECIFIC ACCOUNTABILITIES

Pension Benefit Ongoing Administration
Perform benefit calculations
Respond to member/participant calls and facilitates requests
Handle benefit plan administration and management of special projects associated with defined benefit plans for various clients
Assist in the collection of data
Maintain client databases and benefit calculation log
Assist in collection of data for client billings
Responsible for quality control of the client’s pension calculation system –Analyze plan provisions
Coordinate monthly pension payments with trustee
Consult with employee on pension plan provisions and payment elections
Consult with client on special projects such as nonstandard benefit calculations, benefit statements, changes to requirements, special programs or other administrative requests
Maintain current knowledge of client specific plan provisions
Broaden knowledge of defined benefit administration rules
Ensure that measures established jointly by HA/client are met
Calculation turnaround
Phone call returns
Benefit payment entry
Familiarity of client contract and the ability to recognize out-of-scope work
Assist in creating project timelines and ensure that deadlines are met
Pension Implementation
Assist with the set-up and testing of the of DBCalc system for new clients according to the plan provisions and administrative requirements
Assist with the development of plan administrator documents
Customize employee communication material

Associate Coaching
Act as a role model for other associates by exhibiting the values of the firm, displaying benefit of the doubt, integrity, and initiative
Coaching associates regarding plan specific issues and technical competencies; this includes all associates working on clients, mentoring new associates, and more formal team training
Act as a role model for soliciting and providing positive and constructive feedback
Assist in ensuring that work is evenly distributed among other
Undergraduate degree
Generally, a minimum of four years of experience working with Defined Benefit plans/administration and demonstrated project management skills
QUALIFICATIONS

Defined Benefits PENSION PLAN ADMINISTRATION Plan/scheme requirements
Ability to read and understand documents
Ability to maintain and update documents
Ability to draft or create documents

Legal Plan Document
Ability to read and understand
Assist with modifications

Calculation administration
Calculate all standard benefit calculations
Calculate all nonstandard benefit calculations
Process batch calculations
Use of factors and age interpolation
Reconciliation of member/participant data
Understand and be able to apply concept of Actuarial Equivalence

Administration of member/participant letters and forms
Familiarity with standard templates
Ability to modify standard templates as required
Process member/participant elections
Ability to draft client/participant specific letters

Knowledge of professional and internal guidance regarding best practices for administration Calculation knowledge
Service crediting rules for vesting and benefit service including hours method, elapsed time method, and break in service rules
Components of pay, applying the pay/earnings cap, calculating final average pay, and understanding the impact of breaks in service
Different types of benefit formulas
Social security offset plans
Reduction factors
Employee contributions

Coordinate collection and maintenance of member/participant data
Develop data requirements
Coordinate data collection with client
Load and process data
Identify missing data elements required for a calculation

Knowledge of administration tools
Benefit calculation log
USA-DBCalc and DB admin system
UK-oPen and Genesis
Excel
Access
Word

Event Flows/Processes and Procedures
Familiarity with client event flows/processes and procedures
Draft, create, and modify event flows/processes and procedures

Administration procedures
Follow specific client administration procedures
Create or modify procedures as necessary

UNITED STATES KNOWLEDGE AREAS Calculation knowledge
Offset for prior distributions
Optional forms of payment

Coordinating with the plan trustee
Completing the disbursement forms
Completing a reconciliation of the trust against the payments processed
ADDITIONAL INFORMATION

Our Company is an equal opportunity employer, and encourages all qualified candidates to apply for any position we currently have open. We offer competitive compensation, outstanding benefits and the professional advantages of an environment that supports your development and recognizes your achievements.
“All your information will be kept confidential according to EEO guidelines”.

CST Connections

Job Location: Houston, Texas, US

Qualification and Misc.: bachelorsDegree

Salary Type: salaryFixed

Apply Directly from GigaJob for Faster Process: Link (GigaJob Apply)

 

Tagged as: DEFINED BENEFIT PENSION PLAN PROJECT MANAGER