Job Summary:

The Retirement Benefits Specialist will assist employees with selecting a retirement or pension plan and will provide administrative support for those plans to employees, retirees, and beneficiaries.

Supervisory Responsibilities:

• None.

Duties/Responsibilities:

• Explains retirement benefit plan policies, procedures, and legal requirements to employees and beneficiaries.
• Conducts retirement and benefits-related calculations and analysis including repurchase of service, withdrawal of contributions, and deferred retirement.
• Researches and recommends appropriate benefits plans and services based on data analysis.
• Conducts group benefits presentations for and/or individual interviews with employees regarding retirement and pension options.
• Acquires and distributes relevant information and documentation to plan participants and beneficiaries.
• Develops and maintains records of participants and beneficiaries including active, deferred, retired, and separated members.
• Serves as a liaison between beneficiaries and participants and the plan administrator, handling or facilitating requests for contribution adjustments, refunds, and other administrative changes.
• Coordinates with actuaries, plan administrators, accountants, and other professionals to provide verified and compiled data for administration of benefits.
• Assists with open enrollment for retiree insurance benefits.
• Ensures retirement plans are administered in accordance with company, state, and federal guidelines and regulations.
• Maintains knowledge of legal and regulatory changes, trends, and other developments affecting retirement benefits.
• Performs other duties as assigned.

Required Skills/Abilities:

• Excellent interpersonal skills with ability to clearly explain retirement plan options in easily understood terms.
• Excellent organizational skills and attention to detail.
• Thorough understanding of laws, regulations, and agency interpretations or opinions related to retirement benefits.
• Proficient with Microsoft Office Suite or related software.

Education and Experience:

• Bachelors degree in Business Administration, Human Resources, or related field required.
• At least two years of experience with retirement, insurance benefits, financial planning, or actuarial services required.
• SHRM-CP or SHRM-SCP preferred.

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.