Retirement Operations Specialist

Under general supervision of the unit manager, the incumbent will review member accounts, process routine requests for benefits, and communicate with members and other authorized entities regarding member accounts, state/federal laws, rules, regulations, and policies of the Teachers Retirement System.

• Prepare, submit and process routine requests relating to member benefit records and documents.
• Determine eligibility for benefits, calculate benefits and payments.
• Ensure compliance to plan provisions, state and federal regulations.
• Analyze and review accounts for reconciliation of benefits.
• Research and determine over payments.
• Prepare and review relevant forms and documents for authenticity, accuracy, and completeness.
• Provide prompt, accurate, and friendly customer service to members, beneficiaries, and employers regarding processes, procedures, and regulations of the retirement system.
• Manage work flow queues to ensure agency standards are met.
• Responsible for deactivating pay status and removing retirees from payroll; calculate over payments amounts and submit for recollection.
• Process account maintenance updates.
• Manage multiple reports and spreadsheets.
• Process Stop payments with Replacements.
• Review Retirement accounts to include, but not limited to determine selected plans, contribution amounts, refundable balances, taxable and non-taxable amounts, beneficiaries and authorized contacts.
• Prepare and process ACH deletions, reversals, request stop payments/voids on paper checks and cancelation of retirement benefits;
  Prepare and remit bank reclamation requests.
• Prepare and remit health insurance memos to appropriate agencies for activation and deactivation of retiree health coverage.
• Process duplicate 1099R requests;
  Make corrections to 1099R as required.
• Provide account information and guidance to include, but not limited to retirees, employers, members and external customers.
• Conduct face-to-face consultations, both scheduled and walk-in.
• Ability to work overtime as needed.
• Perform other duties as assigned.

• Deactivate deceased retiree accounts according to State law and Agency guidelines. Verify and document accounts with death information.
• Process and update Daily/ Weekly/Monthly Death Reports;
  Research obituaries, death certificates and current beneficiary contact information.
• Create over payment invoices, allocate cash receipts and appropriately assign accounts for collections.
• Coordinate and process payroll for lump sum distributions and continuing monthly benefits according to State law and Agency guidelines.
• Identify and process excess payments, unclaimed pop-up refunds and any other refunds identified to the retiree’s estate.
• Process retirement checks for deceased members. QUALIFICATIONS AND EDUCATION REQUIREMENTS

• Bachelor’s degree from a (4) four-year accredited college and (3) three years of equivalent experience in a financial services or business environment, or a combination of education and work experience.

• (1) one to (2) two years full-time experience in banking, accounting, claims processing or payroll.

Note: The specific statements shown in each section of this job description are not intended to be all-inclusive. They represent typical elements and criteria necessary to perform the job successfully. The Teachers Retirement System of Georgia reserves the right to modify and expand job responsibilities and duties over time.

Teachers Retirement System of Georgia Is An Equal Opportunity Employer