Defined Benefits Job Description

Defined Benefits Job Description

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Defined benefits provides effective administration support of the company’s benefits programs (medical, dental, vision, FSA, Life insurance, LTD, STD, EAP, etc.).

Defined Benefits Duties & Responsibilities

To write an effective defined benefits job description, begin by listing detailed duties, responsibilities and expectations. We have included defined benefits job description templates that you can modify and use.

Sample responsibilities for this position include:

Conducts necessary performance management conversations with associates
Monitors progress and outcomes against budget and adjusts project parameters and resources accordingly
Develops an understanding of the analysis and considerations needed in decision-making
As a skilled incumbent, completes tasks in a resourceful and effective manner
May be informal team leader
Coordinate project involving Required Minimum Distribution calculations and correspondence
Provide answers to participants regarding their pension calcs
Audit Executive Non-Qualified Plan calculations for accuracy and administration
Work in a very fast paced environment, and with resources on and off shore
Develop ways and seek suggestions from/work with team members to improve quality

Defined Benefits Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Defined Benefits

List any licenses or certifications required by the position: PMP, CEBS, CBP, AIAA, ACS, FMLI

Education for Defined Benefits

Typically a job would require a certain level of education.

Employers hiring for the defined benefits job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and High School Degree in Business, Finance, Math, Actuarial Science, Education, Mathematics, Associates, Statistics, Economics, Computer Science

Skills for Defined Benefits

Desired skills for defined benefits include:

SQL
AD&D
COBRA process
Cost of associated premiums
Dental
LTD enrollments and changes
Life insurance
Prescription plan
Microsoft Office Suite
Benefits administration

Desired experience for defined benefits includes:

Completes some work through others
Draft original materials
Experience with project-based work structures, project lifecycle models
Experience in Defined Benefit, Health and Welfare or Defined Contribution administration is preferred
Educational background in Finance, Accounting or Math is a plus
Excellent oral and written communication skills - with particular emphasis on articulation and grammar skills

Defined Benefits Examples

1

Defined Benefits Job Description

Job Description Example
Our company is looking for a defined benefits. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for defined benefits
  • Monitors client operations dashboard measures to proactively identify impacts
  • Accountable directly to the Service Delivery Manager
  • Responsible for creation and maintenance of Technical Requirements Documents for client requested changes
  • Work with other internal groups to prepare test plans to support technical release testing, data interfaces in/out of the system, employee communications, employee tools (IVR, web, RPSI, RME, ), and client reporting
  • Research system related issues such as Production lagging, not being able to log in
  • Ensure teams adhere to client specific documentation (process task sheets, process flows, PPD, business rules, admin manuals, ) that is required for them to perform their job accurately
  • Regularly provide details and status on projects, staff
  • Work with resources to put appropriate ideas in place that are suggested by the client teams to improve and streamline a task or current processes
  • Oversees and manages the operations of a business unit(s) with overall responsibility for the account
  • Validate that all aspects of service delivery are in line with all legal and regulatory requirements
Qualifications for defined benefits
  • Intermediate regulatory and legislative knowledge in aligned service area (Health & Welfare, Defined Benefits, or Defined Contribution)
  • Minimum 5 years experience with Defined Benefit knowledge, required
  • Must be analytic, able to prioritize among several responsibilities, able to correspond with actuaries and review their responses
  • Understands and perform complex calculations involving multiple plan benefits
  • Defined Benefit experience preferred and/or implementation experience Benefits outsourcing industry experience
  • MS Office suite (Excel, PowerPoint, Word, Access), Internet, required
2

Defined Benefits Job Description

Job Description Example
Our company is growing rapidly and is hiring for a defined benefits. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for defined benefits
  • Develop and administer pension design alternatives
  • Maintain plan regulatory compliance
  • Lead large complex assignments as assigned
  • Interface with plan administrators, legal counsel, actuaries, trustees, and specialist to resolve benefits issues
  • Work on special assignments as assigned including audits, data cleanup
  • Lead work stream related to negotiations (UAW, IBEW, and OPIEU) including strategy, data gathering, and analytics, and bargaining
  • Oversee Ford-UAW Retirement Board Office administration
  • Serve as Ford-UAW Retirement Board committee member, participate in meetings and research issues or appeals as needed
  • Interface with UAW on Plan rules and regulations
  • Present for union benefit representatives as requested
Qualifications for defined benefits
  • PASS a plus, plus
  • Experience in defined benefit pensions
  • Self-Starter with ability to multi-task and work on multiple/complex projects at the same time
  • Establish and maintain Institutional partner and client relationships through electronic channels and via face-to-face meetings when requested
  • Ensure the client's overall service needs are met through routine correspondence, seeking feedback and looking for opportunities to increase value-added services and identify cross-selling opportunities
  • Meet departmental chargeable revenue goals by delivering timely, quality services to clients within established service levels and in accordance with SASE 16 procedures
3

Defined Benefits Job Description

Job Description Example
Our company is growing rapidly and is looking for a defined benefits. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for defined benefits
  • Provides guidance to more junior staff, but no formal supervisory responsibilities
  • Works independently, exercising wide latitude in determining objectives and approaches
  • Plan Management/Client Consulting – Acts as the Defined Benefit subject matter expert for all service specific and common client requirements
  • Facilitate and coordinate installation strategies with customers, Pension field representatives, marketers, CPAs, attorneys, and prior service providers of new and transfer retirement plans
  • Coordinate setup of retirement plan records and asset allocations using a variety of transition methods in an accurate and timely manner
  • Oversees and manages the operations of Pension outsourcing clients in the mid-market portfolio (i.e., service delivery, sales support, contract renewals, administration platform enhancements and operations)
  • Support overall success of DB clients
  • Ensures client retention, contract renewals and client satisfaction, Ops readiness for new clients, administration platform enhancements or migrations, financial review and reporting
  • Offshore team coordination and growth
  • Mentor and cultivate staff
Qualifications for defined benefits
  • Minimum two years defined benefit or relevant or product experience
  • Technical aptitude to acquire working knowledge of proprietary and third party systems necessary to perform primary accountabilities
  • Demonstrated ability to multi-task, prioritize, and problem-solve effectively
  • 2-4 years of experience preferred or equivalent industry experience
  • Advanced with Microsoft Access, Excel and Word
  • Strong teamwork skills combined with the ability to work independently
4

Defined Benefits Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of defined benefits. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for defined benefits
  • Participation in platform enhancement – client communication and delivery
  • P&L and Operational responsibility
  • Lead contact and day-to-day administration responsibility for assigned clients
  • Monitors output of the retirement system and reviews findings to ensure comprehensive and accurate results
  • Clarifies and researches customer inquiries (e.g., District HR, Region ES, payroll, individual participants, ) to provide accurate and current information on plan design and administration
  • Oversees the processing and tracking of contributions from numerous sources to ensure accuracy
  • Monitors work volume, response time, and staffing model to ensure operational goals are met
  • Develops and delivers communications to ensure internal and external stakeholders (e.g., trustees, vendors, ) are well-informed and up-to-date on plan provisions
  • Develop effective day-to-day working relationships with the client to ensure seamless delivery on specific tasks
  • Lead client meetings and follow up status discussions
Qualifications for defined benefits
  • Experience working in a large multi-state employer preferred
  • Demonstrate a basic understanding of HR processes, procedures, controls, regulations, and compliance requirements required
  • Proficient interpersonal skills and the ability to successfully work with internal and external business partners to contribute ideas, identify opportunities, and contribute to positive outcomes required
  • Experience in supporting systems in process driven environment required
  • Proficiency in working with MS Word, Excel and PowerPoint required.Benefits
  • Analyze pension plan documents to complete or provide final peer review of complex pension calculations performed by others ensuring accuracy against plan documents for defined benefit pension plans
5

Defined Benefits Job Description

Job Description Example
Our growing company is hiring for a defined benefits. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for defined benefits
  • Provide demonstrations of products, review BRDs with team as needed, capture defects in defect management tools, work with client to resolve source of defects
  • Manages activates of a department(s) through individual contributors or subordinate managers
  • Subordinate managers exercise full supervision in terms of costs, methods and staffing
  • Help to establish a client review schedule, prioritizing document reviews and signoff as appropriate to meet programming dates
  • Responsible for supporting the design, compliance, financials and communication of the employee and agent defined contribution and non qualified deferred compensation plans and projects as needed
  • Supports functions to ensure the plans are fully compliant in design and administration by overseeing the accuracy and completion of the compliance requirements, including the filing of the 5500's, ADP/ACP testing, SAR's, updating of summary plan descriptions, plan documents and participant communications
  • Coordinates annual enrollment for the non-qualified plans including eligibility files, communications, systems updates
  • Ad hoc data maintenance as directed
  • Process flow development and maintenance
  • Production move preparations and planning
Qualifications for defined benefits
  • Provide peer review on all year-end process – pension adjustments, pension adjustment reversals, membership reconciliations, fund reconciliations, annual statements, annual information returns
  • Identify and resolves issues that affect accuracy
  • Analyze legislative and regulatory summaries and ensure compliance for all client work
  • Ability to create a team setting that encourages both individual and team accomplishments
  • Minimum 10 years Defined Benefits client service management experience
  • Staff and project management experience, required

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