Defined Benefit Outsourcing Specialist - Amherst, NY
Utica, NY 13502
Hours/Week: 40 hours Location: US: NY: AMHERST
BPAS Actuarial and Pension Services offers expertise in diverse areas of specialization, including pension and healthcare actuarial services, non-qualified executive benefits, plan compliance, vendor selection and management, post-employment benefits, and health and welfare benefit management. We provide services at more than 600 companies, not-for profit institutions and government agencies across the country ranging in size from 1 to 20, 000 employees.
We are seeking candidates for the position of Outsourcing Specialist - Defined Benefit Pension Administration based in Upstate New York. The Outsourcing Specialist will provide a full range of administrative and operational support services to a variety of defined benefit clients and plan participants in a fast paced and time sensitive environment.
Main point of contact to initiate retirement distributions, change payment instructions, and/or change beneficiary information
Directly interact with participants, retirees and plan sponsors to answer plan-related questions via telephone, email or letters
Assist in calculating pension benefits
Provide employees the necessary paperwork to begin pension benefit payments
Interact with the plans trustee to help ensure benefits paid from the plan are accurate and timely
Assist participants with benefit calculator providing dynamic benefit projections to help employees make informed retirement decisions
Monitor changes in pension legislation and regulation and be informed of changes needed to ensure that the plan is being administered in compliance with all of the appropriate laws
Responsible for data uploads, maintenance and auditing of databases for multiple defined benefit plans
Assist in preparing semi-annual benefit statements and other communications
Works with a team to recommend process improvements and coaching and training opportunities that were identified from participant issues, recurring edits, process delays, and quality problems
Assisting with special benefit administration projects, such as lump sum offerings, and participant bulk mailings as necessary
Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion.
Minimum of 1 - 3 years of experience in a professional setting
Bachelors degree (BS/BA) in Business, Finance, Human Resources or related field
Strong Customer Service skills
Ability to handle complex and sensitive issues
Clear written and verbal communication skills, including strong presentation skills and effective external communication with clients and participants
Ability to prioritize in a rapidly changing environment and manage multiple projects simultaneously
Strong problem solving skills; excellent analytical & decision making abilities with acute attention to detail
Proficiency in Microsoft Word, Excel, Access and PowerPoint
Certified Employee Benefits Specialist (CEBS) designation
3-5 years of retirement plan administration experience, including experience with defined benefit pension plans, 401(k) plans and non-qualified supplemental retirement plans. Starting salary will be competitive to market and adjusted for experience. BPAS provides a competitive benefits package, including health, dental, vision and life insurance; 401(k) Plan with matching; cash balance retirement plan.
Technical knowledge and understanding of retirement plans and regulations, including ERISA, IRS, DOL and other federal legislation.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Resonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee may be required to stand, walk, sit, user hands to finger, handle, or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
Human Resources Contact: Kpezzulo@staffworkscny.Com