Job Description
Are you seeking a stable career with a robust pension plan and the convenience of daily pay options? Detroit Municipal Services Corp is currently seeking a dedicated Federal Pension & Benefits Administrator to join our growing team. We are committed to excellence in public service and offer a competitive benefits package including a defined benefit pension plan, health insurance, and paid time off.
In this pivotal role, you will manage the administration of pension plans for federal and state employees, ensuring compliance with ERISA regulations and maintaining accurate records. We are looking for a detail-oriented professional who thrives in a fast-paced environment and is passionate about employee welfare.
Responsibilities
- Manage Pension Administration: Oversee the daily processing of pension calculations, contributions, and distributions for federal plan participants.
- Compliance & Reporting: Ensure all pension records and reports comply with federal and state regulations, including IRS and DOL guidelines.
- Employee Support: Serve as the primary point of contact for employees regarding pension inquiries, providing detailed explanations of benefits and eligibility.
- Data Management: Maintain accurate, up-to-date databases of employee eligibility and pension status using HRIS software.
- Daily Pay Coordination: Collaborate with the payroll department to facilitate daily pay options for eligible staff members.
- Plan Audits: Assist in preparing documentation for annual external audits of the pension plan.
Qualifications
- Education: Bachelor’s degree in Finance, Human Resources, Business Administration, or a related field is required.
- Experience: Minimum of 3-5 years of experience in pension administration, benefits coordination, or a related HR role within the public sector or federal government.
- Technical Skills: Proficiency with HRIS systems (e.g., PeopleSoft, SAP, or Workday) and Microsoft Office Suite, especially Excel.
- Knowledge: Strong understanding of ERISA, FERS, and other federal retirement regulations.
- Communication: Excellent verbal and written communication skills with the ability to explain complex financial concepts to non-financial staff.
- Attention to Detail: High level of accuracy in data entry and record-keeping.