1050 - Senior/Advanced Pension Analyst (Defined Contribution)

As a Senior Pension Analyst or Advanced Pension Analyst (Defined Contribution), you will be responsible for providing third party pension plan administration services, including regular annual services and periodic compliance reviews. This position will administer higher complexity and specialized plans as assigned. Additionally, as an Advanced Pension Analyst, you may also provide administration system training and technical support for department staff and/or plan design and marketing support for clients and advisors.

SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC. This position cannot be performed in the City of New York. If you are interested in this position, but don’t live near Binghamton, NY, this may be an opportunity for you!

Description of Duties & Responsibilities of a Senior Pension Analyst (Defined Contribution):

• Complete annual account valuations; determine eligibility, reconcile trust assets, compute required contributions, and allocate earnings, contributions and forfeitures.
• Complete non-discrimination testing for all assigned plans.
• Complete 5500 forms and prepare summary annual report for assigned block of plans.
• Calculate benefit distributions including minimum required distributions. Prepare required election, disclosure, and 1099-R forms.
• Process participant loan requests; Calculate maximum loan amounts and review for compliance with applicable regulations.
• Prepare annual benefit statements for participants.
• Monitor plan and prepare document restatements, plan amendments, and summary plan descriptions as needed. Ensure plan document is compliant with current laws and regulations and meets client objectives.
• Process plan terminations as required; prepare termination amendments, board resolutions, 204(h) notices, and 5310filings with the IRS and Pension Benefit Guaranty Corporation. Review amendments to ensure compliance with current regulation before plan is terminated.
• Bill clients for all administrative services rendered; complete daily time sheets.

Description of Duties & Responsibilities of an Advanced Pension Analyst (Defined Contribution):

• Complete annual account valuations; determine eligibility, reconcile trust assets, compute required contributions, and allocate earnings, contributions and forfeitures.
• Complete non-discrimination testing and other required testing, 5500/government forms, and summary annual report for all plans assigned.
• Provide pre- and post-sale marketing support to prospective clients and advisors including technical questions, plan design, plan design proposal reviews, and client/advisor meetings.
• Create or restate plan documents for new and take over clients as needed. Interface with various qualified plan investment companies to arrange and systemize plan related data transfer to and from SAI.
• Provide training and technical support for administration systems as needed. Interface with help desk staff to resolve and issues. Monitor new product releases for administrative systems and present for consideration by SAI management as required. Design and run custom reports from administration system as requested and verify new plan assignments and terminations entered.
• Process participant loan requests. Calculate maximum loan amounts and review for compliance with applicable regulations. Process periodic contribution and loan repayment checks through investment company websites.
• Calculate and request benefit distributions, including minimum required distributions. Prepare required election, disclosure, and tax forms as needed.
• Monitor plan and prepare document restatements, plan amendments, and summary plan descriptions as needed. Ensure plan document is compliant with current laws and regulations and meets client objectives.
• Process plan terminations as required; prepare termination amendments, board resolutions, 204(h) notices, and 5310filings with the IRS and Pension Benefit Guaranty Corporation. Review amendments to ensure compliance with current regulation before plan is terminated.

Required skills & Experience of a Senior Pension Analyst or Advanced Pension Analyst (Defined Contribution):

• For a Senior Pension Analyst level, between 5 to 7 years of related experience required.
• For an Advanced Pension Analyst, a minimum of 7 years of related experience required.
• Knowledge of Relius and/or FTWilliams pension software required
• Basic proficiency with Microsoft Word and Excel required.
• Strong written and verbal communication skills.
• Strong customer service skills.
• Ability to think analytically and critically.
• Ability to handle multiple priorities simultaneously.
• Ability to pay close attention to detail.
• Ability to prioritize and organize a heavy workload.
• Ability to adapt to change and work under pressure.
• Ability to learn quickly and take on increasing responsibility.

Education Required: Bachelor’s degree in Accounting or a related field of study required.

Pay Range:

Senior Pension Analyst: $24.32 to $31.29 hourly

Advanced Pension Analyst: $58,500 to $80,000 Annually

The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.

The level for this position will be determined based on factors including relevant skills, experience and other qualifications.

Visa sponsorship is not available for this position

Relocation assistance is not available for this position

Security Mutual is an Equal Opportunity Employer

Federal & State Labor Law Posters: https://www.jjkeller.com/learn/SHRMPDF