1 Benefit Specialist – Pension (Baltimore, MD) Job in Baltimore, MD

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Benefit Specialist – Pension (Baltimore, MD)

BeneSys, Inc.

Baltimore, MD | Full Time

$51k-65k (estimate)

3 Months Ago

Benefit Specialist – Pension (Baltimore, MD)

BeneSys, Inc. Baltimore, MD

$51k-65k (estimate)

Full Time | Investment Management 3 Months Ago

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BeneSys, Inc. is Hiring a Benefit Specialist – Pension (Baltimore, MD) Near Baltimore, MD

Benefit Specialist-Pension (Baltimore, MD)

Summary – Calculates retirement benefit estimates, processes applications, communicates with members, reports to Board of Trustees, balances monthly ledger, and processes pension checks. Performs customer service functions.

Essential Duties and Responsibilities include but not limited to

Determine eligibility for and calculate monthly benefits of participants based upon a thorough understanding of complex Plan provisions.
Approve or deny DB & DC applications based upon Plan Provisions and applicant information; process denial letters, appeals and final denials letters.
Data entry of new retiree information into proprietary software program; coordinate with Mass Mutual to issue payout and hardship checks; set up and maintain paper files for new retirees and payouts.
Communicate clearly with participants, both verbally and in writing.
Prepare meeting reports for the Board of Trustees.
Balance monthly ledger, including YTD figures; process monthly and manual pension checks in coordination with Troy Operations Department.
Review monthly and yearly exception reports, including 1099r processing in January, Plan Year End processing for DB pension, including the approval of participant annual benefit statements.
Maintain changes in census data, marital status, benefit status and monthly DB amounts for retirees in PC maintenance.
Create and maintain benefit summaries for use by fellow coordinators.
Create and maintain fund-specific procedural manuals.
Follow established procedures in a thorough and consistent manner.
Able to record and reference subjects covered during training, leading to the ability to work independently with minimal assistance and supervision.
Route Divorce Decrees and QDRO’s to the Eligibility Department and the Fund Attorney; process QDROs as required.
Regular and predictable attendance is an essential function of this job.

Qualification - To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Excellent customer service skills are a must.

Education and/or Experience - High School diploma or GED and some college and/or job-related experience.

Language Skills - Ability to comprehend written materials such as plan documents and legal correspondence. Communicate professionally, tactfully and clearly with participants, fellow employees and other professionals.

Mathematical Skills - Ability to apply concepts of basic addition, subtraction, multiplication, division and algebra. Must be able to understand and apply knowledge of decimals, fractions, and percentages.

Reasoning Ability - Ability to apply common sense to carry out detailed written or verbal instructions. Ability to assess and analyze production results for accuracy and efficiency.

Computer Skills - Intermediate working knowledge of Microsoft Office products, especially Excel, Word, and Outlook are essential.

Work Schedule - Full time. Monday – Friday, 7:30am - 4:30pm. Required in office (No at-home days).

Competitive Benefits and Compensation Package

12 paid holidays
Paid Time Off (PTO)
- Pro-rated during first year of employment
- 15 days of PTO provided in the next calendar year!
3 days paid bereavement
Up to 20 days paid jury leave
Medical, dental, and vision insurance, with option for dependent coverage
Company-paid basic life, short-term disability, long-term disability, and AD&D insurance
401k with employer match
Tuition reimbursement program
Career development opportunities
Referral bonus for all successful full-time referrals
Annual opportunities for increases and bonuses

Pay

Hourly rate ranges from $22.00 - $27.00. Actual rate dependent on location, skills, education, experience and other business factors.

Opportunity for advancement into a supervisory role.

Our Culture

BeneSys wants to be a great service provider to the members we serve, and we recognize we can only do that if we are also a great employer with successful employees. In short, our success is driven by our employees’ successes. We want to be a place where people want to work, feel proud of what they do and feel fulfilled both professionally and personally. We want to create a place where employees can find long-term growth and potential.

Our culture focuses on three core values:

Collaboration: working together across 31 locations to achieve the best for the company and our clients
Dedication: striving to create an environment where all employees work toward a common goal while committing to providing the best customer service to our members and our colleagues
Integrity: doing what we say we will do. Upholding strong ethical and moral principles

ADA & EEO

Reasonable accommodations will be made so that qualified individuals with disabilities are able to complete the application process and, if hired, fulfill the essential functions of their job.