This position is with a reputable and established Healthcare Insurance and Pension Provider in Glendale CA. The Pension Benefit Analyst will help clients/participants with their Pension Plans, process payments, process applications, retirement benefits assistance, death benefits, vesting and compliance. You must have Pension Benefit experience and knowledge. This is a "high call volume" position, and you will be assisting customers over the phone and via email all day.
Benefits.
Medical, Dental, Vision Plans paid 100% by Employer
Correspond with Client/Participants, third parties, consultants, vendors, as needed.
Counsel Client/Participants regarding retirement benefits, death benefits, vesting, etc. in person, via telephone, and via mail or facsimile
Implement benefit modifications, determined by the Board of Directors and/or Benefits Committee or as mandated by law
Process death benefits relative to the death of Pension holders, including notification and payment or recovery
Calculate retirement benefits and death benefits.
Calculate overpayments or underpayments for a variety of reasons, including audits by the Employer Compliance Department
Approve credits and process debits for the Employer Compliance Department
Locate beneficiaries, process documents, and notify of benefits for entitlement to pre-retirement death benefits
Work with consultants to ensure compliance with Trust Agreement and with Federal and State Laws
Process joinders and subpoenas relative to the dissolution of marriage for Participants
Process death benefit application materials relating to pre-retirement death benefits and follow-up with any pending items
Determine eligibility for Certified Retiree Health Fund Pension coverage
Calculate adjustments to pension benefits, due to re-employment, audit, Qualified Domestic Relations Orders, etc.
Prepare annual statements
Prepare and process retirement application and benefit estimate requests
Review power of attorney documents and determine acceptability as an authorized third party
Verify income and contribution amounts
Process marriage certificate and divorce decrees
Determine vested status of Participants
Process requests for Electronic Funds Transfer and ACH reject and return reports
Process international wire transfer requests
Determine monthly ending pension awards
Approve SSN merges and changes, done by IT and Data Processing departments
Calculate and process estate payments
Comply with IRS levies as necessary
Process monthly pension payables, including the balance of cash requirements
Answer e-mail messages for Pension Benefits Department
Prepare claim denials and draft appeal memos for the Benefits Committee
QUALIFIED DOMESTIC RELATIONS ORDERS
Review, analyze and process Qualified Domestic Relations Orders and Domestic Relations Orders
Make determination of qualified status of Domestic Relations Orders.
TRAINING
Train junior team members in processes and individual tasks relating to process.
Cross train with team in departmental tasks.
EDUCATIONAL/EXPERIENCE REQUIREMENTS
Bachelor’s Degree preferred, Associate Degree Required with a concentration in any of the following fields: Mathematics, Economics, Finance, Business or related field.
Experience in pension benefits administration or finance required
Reach out to Ida for more details at 805-561-1040 or icarroll@csi4jobs.com
Equal Opportunity Employer considering qualified applicants in accordance with applicable state and federal laws. Qualified applicants with arrest or conviction records will be considered for employment in accordance with the LA County Fair Chance Ordinance, the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance and state law.
Job Type: Full-time Pay: $70,000.00 - $80,000.00 per year