Job Description
Are you seeking a stable career with a competitive pension plan? New York State Government is currently accepting applications for the position of Senior Pension Administrator. We offer an excellent benefits package, including a defined benefit pension plan, health insurance, and generous time off. Join our team and secure your financial future with a role that offers both professional growth and the security of public service.
In this pivotal role, you will manage complex pension calculations, ensure compliance with state and federal regulations, and provide expert guidance to retirees and active employees regarding their pension benefits. We pride ourselves on a collaborative work environment and are looking for detail-oriented professionals to join our Finance Division.
Responsibilities
- Oversee the daily administration of the state pension fund, ensuring accurate and timely processing of retirement applications and benefit calculations.
- Analyze pension data to identify trends and recommend improvements to plan efficiency and member satisfaction.
- Conduct audits of pension records to ensure strict adherence to New York State Retirement and Social Security Law (NYSLRS).
- Respond to inquiries from retirees and active employees regarding eligibility, vesting, and monthly benefit amounts.
- Collaborate with the Human Resources department to educate new hires on the value of the pension plan and enrollment processes.
- Maintain accurate documentation and prepare detailed reports for state oversight committees.
- Stay updated on legislative changes affecting public sector retirement plans and adjust internal processes accordingly.
Qualifications
- Bachelor’s degree in Finance, Accounting, Public Administration, or a related field required; Master’s degree preferred.
- Minimum of 5 years of experience in pension administration, actuarial science, or government benefits management.
- Proficiency in Microsoft Office Suite, particularly advanced Excel skills for data analysis.
- Strong knowledge of GAAP and relevant government pension regulations (e.g., NYSLRS).
- Excellent interpersonal and communication skills, with the ability to explain complex financial concepts to non-technical audiences.
- High level of integrity and discretion when handling sensitive employee data and financial records.
- Certified Public Accountant (CPA) or Certified Pension Fund Administrator (CPFA) designation is a plus.