Lead Pension Specialist Job Baltimore area,Maryland USA,HR/Recruitment

MARYLAND TRANSIT ADMINISTRATION

Lead Pension Specialist (Administrator III 2588)

Career Service

Open to all qualified applicants!

Are you seeking a job where your work is rewarding and provides excellent benefits? The Maryland Transit Administration (MTA) invites you to apply today to be considered for a position that provides customer service to the citizens of Maryland every day. MTA is one of the largest transit systems in the United States and is seeking dynamic and energetic individuals to join the MTA team!

Maryland Transit Administration (MTA), an agency within the Maryland Department of Transportation (MDOT), is seeking an experienced and detail-oriented Lead Pension Specialist to join our Human Resources team. This position plays a critical role in overseeing and administering MTA's self-funded pension and retirement benefit programs for retirees and a diverse unionized and non-unionized workforce. The incumbent ensures compliance with plan provisions, collective bargaining agreements, and applicable federal and state regulations, while providing technical guidance to Pension/Benefits staff and exceptional service to employees and retirees.

Key Responsibilities:

Pension Administration and Operations

Administer all aspects of MTA's self-funded pension and retirement benefit programs.
Calculate and verify pension benefits, including service credit, final average compensation, and retirement eligibility.
Review and approve pension transactions and data entries for accuracy and compliance.
Process retirements, terminations, death benefits, and other pension-related events.
Ensure accurate and timely transmission of pension deductions, contributions, and adjustments.

Leadership and Oversight

Serve as lead technical specialist for pension administration activities.
Provide training, guidance, and quality review of work completed by Benefits Specialists.
Develop and maintain standard operating procedures and documentation for pension processing.
Assist the Benefits Manager with workflow oversight, performance monitoring, and system process improvements.

Compliance and Reporting

Ensure adherence to plan documents, collective bargaining agreements, IRS regulations, and actuarial standards.
Coordinate pension audits, actuarial valuations, and compliance reviews.
Maintain records and reports required by state and federal agencies.
Prepare data and summaries for actuaries, auditors, and executive management.

Employee and Retiree Counseling

Provide individual and group retirement counseling sessions for employees nearing retirement.
Respond to complex pension-related inquiries from employees, retirees, survivors, and union representatives.
Develop educational materials and presentations on retirement planning and pension processes.

Collaboration and System Management

Collaborate with Payroll, Finance, and HRIS staff to maintain data accuracy in Infor Global HR and related systems.
Partner with vendors, actuaries, and third-party administrators to resolve discrepancies and process improvements.
Analyze system data and recommend updates or automation to improve efficiency and accuracy.

Preferred Qualifications:

Bachelor's degree in human resources, Accounting, Finance, Business Administration, or a related field.
Two (2) years in a lead or technical specialist capacity providing guidance or training to staff.
Demonstrated experience working with defined benefit and/or defined contribution plans.
Knowledge of pension-related laws and regulations, including IRS, DOL, and ERISA standards.
Experience administering self-funded pension plans in a public-sector or unionized environment.
Advanced knowledge of HRIS and payroll systems (Infor Global HR, Workday, or People Soft preferred).
Professional certifications such as CEBS, RPA, PHR, SPHR, or SHRM-CP/SCP.
Experience performing audits, reconciliations, and actuarial data submissions.

Location: Baltimore City

Education:

Graduation from an accredited high school or possession of a high school equivalency certificate.

Experience:

Six years of experience in administrative staff or professional work.
Three (3) years of experience administering or overseeing defined benefit pension plans in a unionized or public-sector environment.

Notes:

Candidates may substitute 30 credit hours from an accredited college or university for each year up to four years of the required experience.

Candidates may substitute the possession of a bachelor's degree from an accredited college or university and two years of experience in administrative staff or professional work for the required experience.

Candidates may substitute the possession of a master's degree from an accredited college or university and one year of experience in administrative staff or professional work for the required experience.

Candidates may substitute U.S. Armed Forces military service experience involving staff work related to the administration of rules, regulations, policies, procedures and processes, or overseeing or coordinating unit operations or functioning…


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