Benefits Administrator

About the Opportunity

Our client is one of the largest pension funds in NYC, providing eligible NYC educators with retirement and disability benefits. They are currently seeking a highly skilled Benefits Administrator with a strong background in mathematics and calculations. This individual will play a pivotal role in facilitating the efficient handling of work list items within the Member Status, Terminations, and Retirement departments. This is a long-term contract assignment, and they are eager to fill the position promptly.

The base pay for this position is $20 to $23 per hour. Actual compensation offered to the successful candidate may vary from posted hiring range based upon geographic location, work experience, education, and/or skill level, among other things. Details about eligibility for bonus compensation (if applicable) will be finalized at the time of offer.

 

Job Responsibilities

  • Enter service information in the system from forms completed by Employers
  • Process retirement and revisions and finalize benefit calculations
  • Validate vesting and key milestone dates including pay dates
  • Verify vacation adjustments
  • Review members’ case files for information
  • Perform data entry of important demographic information of members and beneficiaries
  • Review eligibility for processing of events
  • Update transfer-in, transferred contributor, and leave
  • Review cases for eligibility of key milestones for the purposes of processing refunds
  • Request additional documentation for members
  • Process refunds
  • Process requests from backlog list – withdrawals and transfer-out requests
  • Process Buyback requests and other benefit claims from the backlog list
  • Maintain a working knowledge of all service rules and legislations

 

Job Requirements

  • Ability to work on AS400 based system as well as browser based systems
  • Ability to perform calculations
  • Excellent data entry skills and demonstrated ability to transfer data from scanned images to system
  • Knowledge of pension systems and processing/calculating of benefits for various groups of members preferred
  • Experience in all Microsoft Office tools including Word, Excel, PowerPoint, and other Office products

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