Benefits Administrator (Pension Department)

Job Description

Why is This a Great Opportunity?

This role offers a unique opportunity for an experienced benefits professional to contribute to the effective administration of pension plans while ensuring compliance with regulatory requirements. As a Benefits Administrator in the Pension Department, you will play a key role in managing retirement benefits, assisting in plan transitions, and working with confidential data that impacts the financial well-being of retirees. This position provides a stable and rewarding career path for those with keen attention to detail and a passion for benefits administration.

Job Description :

The Benefits Administrator is responsible for managing day-to-day pension plan operations, ensuring accuracy in benefits processing, and maintaining compliance with regulatory requirements. Key responsibilities include :

• Administering retirement benefits, including calculating pension payouts and processing death claims.
• Reviewing and processing qualified domestic relation orders (QDROs) to ensure compliance with legal and plan guidelines.
• Assisting in the preparation and submission of mandatory filings and reports in accordance with regulations from the Department of Labor (DOL), Pension Benefit Guaranty Corporation (PBGC), Employee Retirement Income Security Act (ERISA), and the Internal Revenue Service (IRS).
• Supporting the transition of pension administration functions to an external provider, ensuring a smooth and accurate transfer of data and processes.
• Maintaining accurate records, processing requests efficiently, and upholding confidentiality of sensitive employee data.
• Collaborating with internal teams and external vendors to address pension-related inquiries and resolve any discrepancies.

Qualifications :

This position is ideal for individuals who thrive in a structured environment and have a strong foundation in pension administration, compliance, and benefits processing.

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