Apply on Employer Site

Montgomery County Government · 1 month ago

Retirement Analyst / Senior Retirement Analyst, Grade N23/Grade N26

Rockville, MD

Full-time

Onsite

Mid, Senior Level

$77K/yr - $134K/yr

3+ years exp

Montgomery County Government is seeking a Senior Retirement Analyst to manage and provide services for the County's various retirement plans. The role involves performing analytical and advisory functions, responding to a high volume of inquiries, and leading educational initiatives related to retirement planning.

GovernmentNon Profit

Responsibilities

Provide accurate and timely responses to incoming requests from retirees, current employees, stakeholders, and other beneficiary recipients as MCERP receives minimally 150 requests per week via telephone, email, and walk-in clients

Lead seminars, presentations, and events for County employees

Read and interpret retirement plan documents with a basic understanding of related rules and regulations

Prepare and review the processing of monthly pension and disability payments

Review Qualified Domestic Relation Orders (QDROs) according to County guidelines

Maintain and update member information in database

Work with the ERP Implementation Team to ensure payment data integrity and systems security of retiree pension payments in the PeopleSoft module

Develop business processes

Review participation by County employees in these plans to determine eligibility and processing of refunds

Read and interpret retirement plan documents with a basic understanding of related rules and regulations

Review of distribution forms

Analyze and research complex financial issues and prepare written/oral reports addressing issues related to payments and benefits from the County's retirement plans

Provide guidance and assistance to County retirees on matters pertaining to pension payment activities

Assist with planning and conducting educational seminars, communication, and events for employees

Recommend new approaches and draft procedures to enhance the efficiency of the processing of retirement plan activities

Qualification

Public pension plansDefined benefit plansDefined contribution plansFinancial analysisOraclePeopleSoftMicrosoft Office SuiteTime managementProblem solvingOrganizational skillsCommunication skills

Required

Bachelor's degree from an accredited college or university in business administration, public administration, accounting, economics, finance or another field that provided a strong foundation in the area(s) of assignment

Three (3) years of professional experience in the day-to-day administration of public pension plans, which included determination of eligibility, calculation of benefits, coordination with service providers and application of a large number of eligibility and benefit variables across multiple plans, altogether vis-à-vis defined benefit plans and defined contribution plans (if filled at the Retirement Analyst, Grade N23 Level)

Considerable (5 years) professional experience in the day-to-day administration of public pension plans, which included determination of eligibility, calculation of benefits, counsel of employees and retirees, coordination with service providers and application of a large number of eligibility and benefit variables across multiple plans, altogether vis-à-vis defined benefit plans and defined contribution plans (if filled at the Senior Retirement Analyst, Grade N26 Level)

An equivalent combination of education and experience may be substituted

Preferred

Experience with managing programs and projects

Experience with researching and identifying relevant sources of information and synthesizing and analyzing data of various complexity and importance

Experience with retirement benefits, including defined benefit and defined contribution retirement plans

Experience with computer applications/software such as Oracle, PeopleSoft, and the Microsoft Office Suite, including Excel, Word, and Access, to maintain databases and perform complex financial analysis

Experience with HRIS/pension systems & its functionalities in managing, reporting, improving retirement processes & services

Strong oral and written communication skills