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Benefit Calculation Specialist

$60,000/year

Legal & General Retirement America

Stamford, CT, USA

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Description

Overview Legal & General is a leader in Pension Risk Transfer with over 35 years of experience globally, servicing over a million annuitants. Building on our global success, we established our Pension Risk Transfer platform in the US in 2015.  The business has grown steadily and in 2024 we completed $2.2 billion in premium written, representing our largest year on record. At Legal & General Retirement America, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live.  We are passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more.  We strive to create a unique environment where balance between work and life is possible.  Purpose and Objective We are looking to add a Benefit Calculation Specialist to our Retirement Services Team in our Maryland or Stamford Office as a Hybrid or Remote position. This person will be responsible for the accurate and timely processing of moderate to progressively higher complexity benefit calculations. The Specialist will also assist with key projects and grow to be the functional expert on specific applications and processes. Role and Responsibilities · Implement Group Annuity Contract specific standard methodologies and procedures which align with benefit specifications and associated plan or client requirements and comply with new or existing federal and state regulatory laws. · Progressively learn and understand pension calculation concepts for plans with different benefit structures. · Properly administer contracts in accordance with the plan sponsor requirements, with a focus on the deferred population and executing benefit calculations including calculation testing of new cases in the administration system. · Process and handle monthly payments, new payment set ups, death processing and monthly reconciliation of files. · Assist or handle complex cases. Provide appropriate paperwork for new payments including QDRO’s and benefit quoting. · Assist Transition team with onboarding of new pension risk transfer plans and validate data in servicing systems. · Assist with implementing process automation solutions to deliver system improvements. Validate systems and workflows to ensure all new processes are functioning correctly including conducting UAT for system modifications. Identify defects and define options for remediation. · Collaborate on project scope, issues and options. Accurately plan and appropriately complete projects. Assist with testing of new system updates. · Identify, track and report issues in a timely manner. Promptly provide comments, feedback, and recommendations. · Document procedure manuals for Retirement Services. · Complete all other tasks and projects. Requirements Qualifications Bachelor’s Degree in related field or equivalent work experience Demonstrated aptitude for math and analytical skills Strong analytical, organizational, and project management skills. Ability to balance multiple priorities in a fast-paced environment. Display history of building trust and developing team relationships Exceptional oral and written communication skills as well as presentation skills; ability to deliver information in a concise manner Advanced spreadsheet proficiency (Excel) Database capabilities (VBA, SQL) a plus Pension benefit calculation or retirement plan administration experience a plus Proficiency in Microsoft Office product suite Willingness to travel as needed Benefits We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation. 10 - 25 vacation days depending on experience level and years of service 4 floating holidays & 2 personal days 10 - 15 sick days, depending on years of service 2 paid volunteering days Health benefits, including medical, dental, and vision coverage Supplemental health benefits and life insurance 6 weeks of paid parental and maternal leave Immediate vesting into a 401k savings plan with up to 6% company match 100% employer-contributed Pension Plan - Cash Balance Plan after 1 year of service Flexible Workspace and Arrangements Tuition and Certification reimbursements Infertility and domestic partner benefits The expected hiring compensation range for this position is $60,000 - $70,000 USD annually. Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The current bonus target for the position is 5% of the base salary with a stretch to twice the target, modified for corporate and individual performance. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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Stamford, CT, USA
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workable

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