Job Description
Are you looking for a stable and impactful career with the State of New York?
We are seeking a highly skilled Pension Plan Administrator to join our dynamic team. In this role, you will play a critical part in managing the financial health and compliance of our state pension plans. We offer a comprehensive benefits package, competitive salary, and the opportunity to serve the public sector in a meaningful way.
Why Join Us?
- State Benefits: Comprehensive health insurance, pension plan, and generous paid time off.
- Remote/Hybrid Work: Flexible work arrangements to support work-life balance.
- Growth: Clear pathways for professional development within the government sector.
The Role:
As a Pension Plan Administrator, you will oversee the administration of retirement benefits for state employees. You will ensure accurate data processing, compliance with federal and state regulations (ERISA), and provide exceptional service to retirees and current employees.
Responsibilities
- Manage and maintain the integrity of pension plan records, ensuring accuracy in member data and contribution calculations.
- Analyze actuarial reports and financial statements to assess plan health and recommend necessary adjustments.
- Ensure full compliance with New York State Public Retirement Law and federal regulations.
- Process retirement applications, service credit requests, and benefit calculations efficiently.
- Conduct research and respond to complex inquiries from retirees, beneficiaries, and department staff.
- Collaborate with the Office of the State Comptroller and external auditors to facilitate successful audits.
- Develop and update training materials for department staff regarding pension procedures.
Qualifications
- Bachelor’s degree in Finance, Actuarial Science, Accounting, or a related field (Master’s degree preferred).
- Minimum of 5 years of experience in pension administration, public sector finance, or human resources benefits.
- Deep knowledge of the New York State and Local Retirement System (NYSLRS) is highly desirable.
- Strong proficiency in Microsoft Excel (pivot tables, VLOOKUP) and ERP systems (e.g., SAP, Oracle).
- Excellent analytical skills with meticulous attention to detail.
- Strong written and verbal communication skills for translating complex financial data into clear instructions.
- Ability to maintain confidentiality and adhere to strict regulatory standards.