Benefit Calculations Analyst jobs in United States
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Commonwealth of Massachusetts · 15 hours ago

Benefit Calculations Analyst

The Commonwealth of Massachusetts is dedicated to managing and safeguarding the State's public deposits and investments. The Benefit Calculation Analyst will provide educational support to members of the State Employees' Retirement System and manage retirement applications, performing calculations and processing benefit transactions.

Government Administration

Responsibilities

Accurately review and process benefit applications to conclusion on a timely basis, for all forms of retirement benefits and disbursements and properly apply benefit rules and regulations
Regularly counsel and provide educational support to MSERS members regarding all aspects of available benefits and related transactions
Analyze, research and input data necessary to properly calculate and determine members' creditable service, salaries and related information
Respond promptly and accurately to all internal and external member requests in a professional and service friendly
Actively remain current with changes to plan rules and possess ability to explain provisions to members
Approve and adjust benefit calculations with regard to worker's compensation, offset settlements, retroactive salary increases, service modifications, group classifications, domestic relations orders, survivor benefits, and individual situations as they arise
Assist in preparation of monthly Board meeting agenda
Develop proficiency with OnBase ECM (document scanning) System and demonstrate ability to integrate with daily responsibilities
Attend retirement seminars and health fairs for groups of retirement system members, explaining retirement rights and benefits. Travel as required; Adhere to Treasury and Board human resource and operational policies
Ensure high quality and quantity of work within established deadlines
Develop skill necessary to understand plan rules related to service purchase requests, refund / rollover requests, survivor benefit requests
Assist other Retirement Board departments as necessary
Develop working knowledge of MARIS computer system
Travel as required

Qualification

Benefit calculationsRetirement industry knowledgeMath skillsMicrosoft WordMicrosoft ExcelElectronic document managementCommunication skillsOrganizational skillsInterpersonal skillsFlexible schedule

Required

Candidates with an associate's degree or higher will be given preferred consideration, provided they meet the other qualifications outlined for the position
Excellent communication, inter-personal and organizational skills are required
Minimum of three years of experience in the field of Massachusetts public employee retirement benefits or comparable field, including all forms of benefit calculations, disbursements, payroll administration, and/or human resources
Knowledge of retirement industry in general and related benefits
Strong math skills
Ability to develop detailed knowledge of plan rules under M.G.L. c.32
Ability to manage high volume caseload against established operational deadlines
Develop skills to conduct retirement seminars to groups of state employees explaining retirement benefits. Travel as required
Ability to work flexible schedule
Currently proficient in Microsoft Word, Excel, Windows
Familiarity or prior experience working with electronic document management systems
Ability to lift up to 10lbs
Ability to sit for extended periods of time

Company

Commonwealth of Massachusetts

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Commonwealth of Massachusetts is a government administration.

Funding

Current Stage
Late Stage
Total Funding
$20.84M
Key Investors
U.S. Department of Agriculture
2024-10-29Grant· $20.84M

Leadership Team

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David J. Kelly
CEO/President
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Mary-Louise White
CEO
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