Pension Analyst Job Description
Pension analyst
provides intermediate level working knowledge of Microsoft Applications (Word, Excel, Access and Outlook).
Pension Analyst Duties & Responsibilities
To write an effective pension analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included pension analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Assist with legally required documents such as Summary Plan Descriptions and Annual Funding Notices
Perform with guidance from internal clients, routine and recurring plan administration tasks for clients’ defined benefit plans, , benefit calculations, annual data updates, assist with preparation of benefit statements
Interface with plan administrators on plan rules, regulations, and servicing participants
Gather and document business and functional requirements
Accurately employs our methodology and documentation tools
Accurately and efficiently execute testing
High degree of accountability and decision making responsibility in relation to group annuities from set up, data maintenance, reporting, monthly payment, monthly reconciliation
Receiving and processing payroll data accurately and efficiently
Design and manage dashboards, income pacing, reports and financial models for the execution of trending and variance analysis of metrics and KPIs related to corporate performance
Drive reporting and forecasting improvements through system enhancements and process improvements
Pension Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Pension Analyst
List any licenses or certifications required by the position: ISO27001, ISO9001, CEBS, CFA, CPA, MBA
Education for Pension Analyst
Typically a job would require a certain level of education.
Employers hiring for the pension analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Mathematics, Statistics, Finance, Administration, Math, Accounting, Education, Business, Actuarial Science, Business/Administration
Skills for Pension Analyst
Desired skills for pension analyst include:
SQL
Microsoft Excel and Word
Administration
Excel and PowerPoint
Funding
Microsoft Access
Microsoft Word
Microsoft certification
Pension and retiree medical plan design
Excel and Word
Desired experience for pension analyst includes:
Interest in strategic, regulatory and accounting themes
Strong communication, team and interpersonal skills
Fluency in English and German, French or Italian would be an advantage
Learn about corporate finance, asset management and derivatives structuring and execution related to corporate pension plans
Be responsible for performing pension modelling and other analyses
Assess the pensions’ impact on corporate financial metrics of companies
Pension Analyst Examples
1
Pension Analyst Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of pension analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for pension analyst
- Weekly cross-functional collaboration to create estimates and communicate results on the aforementioned metrics/dashboards/estimates
- Present findings to CFO bi-weekly and broader finance team in monthly/quarterly close meetings
- Support the head of financial planning on a monthly/quarterly basis to perform long range planning, specifically as it relates to revenue, expense, and capital projections
- Produce board book reports and financial statements
- Assist in the preparation for investor and owner relations (Board of Director Meetings, Rating Agency Meetings, Other Ad Hoc)
- Collaborate cross-functionally to communicate results, model updates, and audit findings on a quarterly basis
- Provide day-to-day support for financial systems-related training and issue resolution
- Respond to ad hoc data/analysis requests from broader finance team
- Effectively mentor/manage summer intern (if applicable)
- Recommending both short term and long term solutions to users when production issues arise
Qualifications for pension analyst
- Advanced Microsoft Excel including data manipulation experience
- Actuarial and/or consulting experience a plus
- Excellent academic background (Master level)
- Previous work experience (internship) across asset classes including fixed income, credit, commodities alternative investments, equities and/or consulting preferred
- Keen interest in derivatives securities markets
- Sound analytical and judgement skills
2
Pension Analyst Job Description
Job Description Example
Our company is hiring for a pension analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for pension analyst
- Utilize technology (SQL, Access, Excel, text editors…) to identify and isolate issues, analyze data, uncover root causes, and automate solutions
- Establishes and maintains relationships with Pension Administration Team and outsourced clients
- Assists with the Testing of Annual Statements as required by the applicable legislation
- Runs reports for internal/external use as needed
- Prepares monthly payroll reconciliations per client
- Contacts pensioners and deferred members as a result of a ServiceNow requests
- Ability to update Requirements document based on administrative changes, legislative updates
- Remain current as it relates to industry trends, best practices, compliance
- Coordinating, designing, implementing and maintaining an overall investment risk management process for each asset class for the overall pension plan
- Gain a thorough understanding of the plan design ( , coverage levels, and options, eligibility, enrollment/change, termination procedures)
Qualifications for pension analyst
- Understanding of basic accounting concepts and knowledge of reports such as Portfolio Turnover Ratio, Total Expense ratio, Expense summary reports, , is an added advantage
- Mature and pro-active approach to generating solutions
- Help structure presentations to convey analytical results to clients
- Assist in the execution process of pension risk management solutions
- Be part of the development process of new products and business lines
- Be a liaison with other groups within the firm including the sales and trading division to obtain information required for modelling, pricing and structuring and with other investment banking teams
3
Pension Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of pension analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for pension analyst
- Learn and use WorkExcellence tools and concepts to ensure efficient and quality output/service delivery, , do, check, review
- Analyze and review pension transactions in Workday Payroll and SAP Financials
- Run and download reports from SAP Business Objects
- Audit for discrepancies in transactions and reports
- Process weekly pension payments to MPI and the Guilds by working with Accounts Payable
- Document and provide explanations for credit transactions
- Identify and submit adjustments on pension and health contributions
- Research and process manual and retro payments to guilds
- Provide analysis over deal memos and reviews against pension ceilings
- Assisting Labor Relations/Business Affairs with any questions
Qualifications for pension analyst
- Be a part of a collaborative and fun team
- 2-3 years experience in investment banking, asset management and / or investment / actuarial consulting
- Bachelor's degree in a quantitative discipline, preferred
- Interest in pensions, actuarial sciences or other related fields
- Self starter with an ability to complete tasks with minimal guidance
- Comfort operating in a dynamic and entrepreneurial environment
4
Pension Analyst Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of pension analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for pension analyst
- Ensure tracking and reporting of all payouts by custodian is accurate and up-to-date
- Support annual audit and pension valuation in providing information requirements in a timely fashion
- Assist in special projects including data entry, preparation of correspondence to members
- Working with retirement calculations
- Entering enrollment information
- Serve as a primary analyst for multiple clients, supporting the planning and work definition for their clients, while also providing support and guidance to other team members working to deliver for those clients
- Ensure all BAs on the project are following best-practices related to testing strategy and planning, requirements gathering, and execution of work
- Translate complex business requirements into technical specifications for application configuration and development
- Solve complex problems efficiently, leveraging existing tools and processes whenever possible
- Coach others on how to plan for their own development
Qualifications for pension analyst
- Ability to interact with a variety of groups and professionals across different disciplines
- Ability to integrate well into a team
- University graduate with a minimum of 3 years experience in financial industry
- Good at networking and comfortable at cold calling
- 3- 5 years of professional work experience in large volume end to end payroll
- Knowledge of the requirements process and deliverables
5
Pension Analyst Job Description
Job Description Example
Our company is looking to fill the role of pension analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for pension analyst
- Participate in client and internal planning meetings for all assigned projects
- Develop reports, exhibits, and other system application tools for clients using established Practice standards
- Create, maintain, and use test plans, including identifying comprehensive test scenarios, finding test cases, and developing expected results, for each component/change
- Ownership of issues through to closure including involving other team members and escalating to the client and team leads when needed
- Create new pension setups, changes in existing pension elements, and deletion of pension elements
- Ownership of the database of record for the pension team to include indicative data updates (i.e., address, direct deposit, and tax changes) to pensioner database
- Serve as subject matter expert on pension payroll processing
- Work closely with Trustee on set up, changes, reconciliation, audits, and 1099-R tax reports
- Monthly balancing and reconciliation of pension annuity payments for multiple retiree payrolls
- Assist with leadership yearly reporting
Qualifications for pension analyst
- Basic knowledge of testing techniques
- Knowledge of change control process
- Knowledge of the defined contribution/pension business
- Clearly articulates ideas and thoughts verbally
- Accurately prepares written documentation that is coherent, grammatically correct and is appropriate for audience
- Accurately completes and submits deliverables required on target