Job Description
Join the Illinois State Government Team!
We are seeking a highly skilled and detail-oriented Pension Specialist to join our dynamic team in San Jose, CA. In this pivotal role, you will manage the administration of state pension plans, ensuring accuracy in benefit calculations and providing exceptional service to our retirees and beneficiaries. We offer a competitive benefits package, including Daily Pay options for our employees, allowing you to access your hard-earned wages when you need them most.
This is an opportunity to make a lasting impact on the financial security of thousands of Illinois residents while enjoying the modern work culture of the Bay Area.
Responsibilities
- Administer and calculate state pension benefits with strict adherence to Illinois retirement laws and regulations.
- Review and process retirement applications, ensuring all documentation is complete and accurate.
- Provide exceptional customer service and support to current retirees and active employees regarding their pension inquiries.
- Collaborate with the payroll and benefits teams to implement and manage Daily Pay workflows and payroll processes.
- Conduct audits of pension records to identify discrepancies and ensure compliance with internal controls.
- Prepare detailed reports for state oversight agencies and senior management.
- Stay updated on changes in state legislation affecting pension plans and communicate these changes effectively to staff and retirees.
Qualifications
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field required.
- Minimum of 3-5 years of experience in pension administration, retirement planning, or state government finance.
- Strong knowledge of ERISA laws, state pension codes, and retirement benefit calculations.
- Proficiency in MS Office Suite and experience with HRIS or pension management software (e.g., SAP, Workday).
- Excellent verbal and written communication skills, with the ability to explain complex financial concepts to diverse audiences.
- Demonstrated ability to handle sensitive financial data with the highest level of confidentiality and integrity.
- Ability to work in a fast-paced environment and meet strict deadlines.