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Los Angeles Metro · 8 hours ago

PENSION AND BENEFITS ANALYST

Los Angeles, CA

Full-time

Onsite

Entry Level

$69K/yr - $103K/yr

1+ years exp

Los Angeles Metro is committed to providing a world-class transportation system for LA County residents. The Pension and Benefits Analyst will perform analytical work to support pension and benefits administration functions, including overseeing insurance plans and assisting employees with benefits-related inquiries.

AutomotiveLogisticsTourismTransportation

Responsibilities

Participates in the preparation of the design, Request for Proposal (RFP), written communication instruments, and implementation procedures for Metro's Flexible Benefits Program, which includes Medical, Dental, Vision, Life, and other insurance programs, and Flexible Spending Accounts (FSAs)

Oversees annual review process for all group insurance plans, plan changes, and changes in providers

Meets with group plan providers and benefit consultants to coordinate preparation, printing, and distribution of books, certificates, and contracts for all group plans, and to discuss relevant federal and state legislation that may affect group plans

Prepares and reviews historical data to generate retirement benefit estimates, vested benefits, withdrawals and rollovers, death benefits, pension refunds, and other related information; provides accurate information during personal retirement counseling meetings

Calculates pension benefits by utilizing the concepts of interpolation and actuarial equivalency to verify accuracy of benefit

Designs, coordinates, and implements retirement and financial planning seminars for Metro employees

Assists employees in resolving issues relating to their benefits and/or pension plans

Maintains active and retiree files, and makes necessary updates as reported

Reviews forms, medical documents, and pension documents for accuracy

Provides technical information relating to employee benefit plans for labor negotiations, as needed

Completes benefit surveys from other employers, benefit consulting firms, and healthcare consulting firms

Ensures timely processing of invoice payments for benefits consultants, and Retirement and Financial Planning Seminars

Researches and writes responses to inquiries from executive officers, department heads, employees, consultants, brokers, and account executives

Prepares reports for the Board of Directors, management, and outside agencies

Performs other major projects as assigned by department leadership

Acts as Pension and Benefits Supervisor when assigned

Qualification

Benefits administrationPension calculationsHRIS proficiencyGroup insurance plansReport preparationData analysisEffective communicationProblem-solvingConfidentialityTeam leadership

Required

A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position

Bachelor's Degree in Business, Public Administration, or a related field

One year of relevant experience in the area of benefits administration; some positions in this class may require specialized experience in area of assignment

A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions

Preferred

Experience administering group insurance plans

Experience communicating plan provisions/procedures including to police or safety personnel

Experience utilizing a Human Resources Information System (HRIS) such as Oracle Advanced Benefit module or others

Experience handling day-to-day administration of California Public Employees' Retirement System (CalPERS) eligibility, enrollments, assignments & payroll