Benefit Calculation Analyst- Disbursements
Listed on 2026-08-13
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Finance & Banking
Financial Analyst, Financial Compliance, Regulatory Compliance Specialist, Financial Advisor / Consultant
An Official website of the Commonwealth of Massachusetts
Job Description - Benefit Calculation Analyst
- Disbursements (260005J5)
Job Description
Description
About the Office of the Massachusetts State Treasurer and Receiver General (”Treasury”)
Our mission is to manage and safeguard the State's public deposits and investments through sound business practices for the exclusive benefits of our citizens, and perform these duties with integrity, excellence, and leadership. Additionally, we strive to provide economic opportunity, stability, and security for every Massachusetts resident.
We are committed to excellence in recruiting, hiring, and retaining diverse and qualified individuals. We value a culture of diversity and professionalism in the workplace and strongly believe that our workforce should reflect our community.
The Massachusetts State Retirement Board (MSRB) administers a defined benefit retirement plan for eligible employees and retirees of the Commonwealth and certain independent entities.
The Benefit Calculation Analyst for Disbursements counsels and provides educational support to members of the State Employees Retirement System (”MSERS”) regarding all aspects of available benefits. The Analyst is responsible for the entry, processing, and approval of a range of transactions related to the disbursement of member accounts. These transactions include but are not limited to refunds and rollovers of member contributions, and transfers to other Massachusetts public employee retirement systems.
Essential Functions and Responsibilities:
Counsel and provide educational support to members of the State Employees Retirement System regarding all aspects of available benefits and related transactions
Accurately review and process a high volume of disbursement applications to conclusion on a timely basis, and properly apply plan rules and regulations
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
manner.
Actively remain current with changes to plan rules and possess ability to explain provisions to members.
Ensure high quality and quantity of work within established deadlines.
Analyze. research and input data necessary to properly calculate and determine members creditable service, salaries and related information.
Develop proficiency with MARIS (benefit application software), OnBase ECM (document scanning) System.
MSRBeyond portal and demonstrate ability to integrate with daily responsibilities
Adhere to Treasury and Board human resource and operational policies.
Develop skill necessary to understand plan rules related to creditable service, refund / rollover requests, and related benefits.
Assist other Retirement Board departments as necessary
Travel as required
Supervisory Responsibilities:
N/A
Qualifications
Knowledge and
Skills:
Candidates with an associate's degree will be given preferred consideration, provided they meet the other qualifications outlined for the position.
Excellent communication, inter-personal and organizational skills are required.
Experience in the field of Massachusetts public employee retirement benefits or comparable field. that includes benefit calculations, disbursements, payroll administration. and/or human resources.
Knowledge of retirement industry in general and related benefits.
Ability to develop detailed knowledge of plan rules under M.G.L. c.32.
Ability to manage high volume caseload and member interactions against established operational deadlines.
Ability to work flexible schedule.
Currently proficient in Microsoft Word, Excel, Windows.
Familiarity or prior experience working with electronic document management systems.
Physical Requirements:
Ability to lift up to 10 lbs.
Ability to sit for extended periods of time
All new hires at the Office of the State Treasurer and Receiver General (Treasury) will go through an In-Office Orientation Period consisting of a combination of virtual, in-person and on-the-job training so as to assimilate you to the Treasury’s culture and work…
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