What are the responsibilities and job description for the Pension Calculation and Operations Analyst position at JPMorgan Chase?
Are you a hands-on Pension Analyst looking to join a large in-house retirement operations team at one of the world’s most admired companies? Come make a difference in our team
As a Pension Calculation and Operations Analyst within the Pension Operations team, you will combine your in-depth knowledge of Defined Benefit plans with a strong commitment to collaboration, innovation, and client service. You will perform a variety of benefit calculations, engage in data gathering and validation, ensure regulatory compliance, and communicate with both plan participants and internal teams. This role offers the opportunity to work in a fast-paced environment and provide a best-in-class client/customer experience.
Job responsibilities
- Provide information and advice on plan documentation discrepancies and/or guidelines, e.g., data, provisional, or other plan/client issues
- Research and validate participants in accordance with plan rules and regulations
- Determine pension benefit payable to participants and/or surviving beneficiaries
- Research plan discrepancy issues and review plan document provisions for benefit calculations
- Analyze, review, and guide Pension Operations teams to the resolution of escalated client or participant issues
- Collaborate with actuary as needed
- Analyze, research, and resolve complex issues as assigned
- Understands importance of compliance, accuracy, and confidentiality in the work
Required qualifications, capabilities, and skills
- Technically inclined with application experience and competence, including proficiency with various Defined Benefit Plan structures, complex calculations, and data
- Strong mathematical and analytical skills, including working experience with data analytics and confident in reviewing, validating, and managing large sets of data
- Ability to balance, prioritize multiple projects and understanding of risk management and time management
- Critical thinking and problem-solving skills
- Attention to detail and strong written and verbal communication skills
Preferred qualifications, capabilities, and skills
- Bachelor's degree or equivalent work experience
- 5 years of defined benefit/pension plan administration experience, including performing and reviewing benefit calculations
- Experience with Cash Plan and traditional Final Average Pay benefit structures preferred
- Experience in Project Management and/or Analytics
- Experience in financial analysis, data management and data quality are an asset