Retirement Specialist

Schedule

Overview

The Retirement Specialist will assist employees with understanding the pension plan, 401(k), and retirement process and will provide administrative support for those plans to employees, retirees, and beneficiaries. 

Responsibilities

• Explains retirement benefit plan policies, procedures, and legal requirements to employees and beneficiaries. 

• Conducts retirement and benefits-related calculations and analysis.  

• Conducts individual interviews with employees regarding retirement and pension options. 

• Plans and executes retirement gifts and festivities. 

• Acquires and distributes relevant information and documentation to plan participants and beneficiaries. 

• Serves as primary contact for former employees who have retired. 

• Develops and maintains records of participants and beneficiaries including active retirees, vested terminated, lump sum distributions, and deceased participants. 

• Assists in system building for accurate pension record keeping. 

• Assists with streamlining and implementing improved pension processes and procedures to enhance fiscal accuracy, operational efficiency, regulatory/compliance adherence, and data accuracy. 

• Serves as a liaison between 401(k) participants and the plan administrator, handling or facilitating requests for contribution adjustments, and other administrative changes. 

• Coordinates with actuaries, plan administrators, accountants, and other professionals to provide verified and compiled data for administration of benefits. 

• Works extensively with external auditors for annual plan audits. 

• 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. 

• Processes employee death claims for pension, 401(k) and life insurance. 
• Performs other duties as assigned.  

Qualifications

• Bachelor’s degree in Business Administration, Human Resources, or related field or equivalent field experience required. 

• Two years of experience with retirement, insurance benefits, financial planning, or actuarial services required. 

• Understanding of various retirement benefit programs and requirements. 

• Up to date on all related laws, regulations, rules, and company policies and procedures. 

• Knowledge of office management. 

• Extensive employee relations experience 

• Good working relations with coworkers and vendors 

• Excellent written and verbal communication. 

• Excellent interpersonal skills with ability to clearly explain retirement plan options in easily understood terms. 

• Thorough understanding of laws, regulations, and agency interpretations or opinions related to retirement benefits. 

• Proficient with Microsoft Office Suite or related software 

• Critical thinking/problem solving. 

• Well organized. 

• Ability to assist and support others. 

• Project Coordination. 

• Attentive to detail.