Job Description
We are currently seeking a highly skilled and detail-oriented Federal Pension Plan Specialist to join our dynamic team in Chicago, IL. This is an urgent hiring opportunity for a dedicated professional to manage critical retirement operations within the federal sector.
In this role, you will serve as a key advisor and administrator for federal employees navigating their retirement options. You will ensure the accurate calculation and disbursement of pension benefits while maintaining strict compliance with federal regulations. If you are an expert in retirement planning and looking for a high-impact role, we want to hear from you.
Responsibilities
- Administer and manage Federal Employee Retirement System (FERS) and Civil Service Retirement System (CSRS) plans, ensuring full regulatory compliance.
- Perform complex calculations for pension annuities, survivor benefits, and deferred retirement estimates with 100% accuracy.
- Review and process retirement applications and package submissions, identifying and resolving discrepancies efficiently.
- Provide expert guidance and counseling to federal employees regarding retirement eligibility, health benefits, and Thrift Savings Plans (TSP).
- Collaborate with internal HR teams and external agencies to resolve complex pension claims and benefit questions.
- Maintain up-to-date knowledge of changing federal legislation and OPM (Office of Personnel Management) policy updates.
- Generate and analyze reports on pension fund performance and employee retirement trends.
Qualifications
- Bachelor’s degree in Finance, Human Resources, Actuarial Science, or a related field required.
- Minimum of 5 years of professional experience in federal pension administration, actuarial analysis, or retirement planning.
- Deep working knowledge of OPM regulations, FERS, CSRS, and federal benefit laws.
- Proficient in pension administration software (e.g., PCG, Oracle) and Microsoft Office Suite.
- Exceptional analytical skills with a proven track record of attention to detail and accuracy.
- Strong interpersonal and communication skills, capable of explaining complex financial concepts to diverse audiences.
- Ability to handle sensitive financial data with the highest level of confidentiality.