Job Description
Are you a financial expert dedicated to public service? The State of California is currently seeking a highly qualified Pension Administrator to join our prestigious team. In this pivotal role, you will play a critical part in securing the financial futures of thousands of retirees by ensuring accurate benefit calculations and regulatory compliance.
We offer a competitive benefits package, a collaborative environment, and the opportunity to make a tangible impact on the lives of public servants. If you have a strong background in actuarial science or public sector benefits and are looking for a stable, full-time career, we want to hear from you.
Responsibilities
- Benefit Administration: Oversee the calculation, processing, and issuance of monthly pension benefits for retirees, ensuring precision and timeliness.
- Regulatory Compliance: Ensure all pension activities strictly adhere to the California Public Employees' Retirement System (CalPERS) guidelines, ERISA regulations, and state labor laws.
- Actuarial Support: Collaborate with the actuarial team to review valuation reports and assess the long-term financial health of the pension fund.
- Client Relations: Serve as the primary point of contact for retirees and beneficiaries, providing exceptional customer service regarding benefit inquiries and status updates.
- Record Management: Maintain accurate, confidential electronic and physical records of all pension transactions and employee service histories.
- System Optimization: Identify and recommend process improvements for pension administration software and workflow efficiency.
Qualifications
- Education: Bachelor’s degree in Finance, Actuarial Science, Business Administration, or a related field is required.
- Experience: Minimum of 3-5 years of experience in public sector benefits administration, actuarial analysis, or pension management.
- Technical Skills: Proficiency in Microsoft Office Suite (Excel, Access) and experience with ERISA compliance software is highly preferred.
- Communication: Excellent verbal and written communication skills with the ability to explain complex financial concepts to non-technical audiences.
- Attention to Detail: Demonstrated ability to manage large volumes of data with a high degree of accuracy and confidentiality.
- Legal Knowledge: Strong understanding of government payroll laws and retirement regulations.