Pension Calculations Specialist

Position will be remote but will need to come in the office as needed.

This assignment will be responsible for calculating pension and related benefits.

• Benefit Calculations:
  Accurately process complex retirement, survivor, and account adjustments.
• Data & Compliance:
  Ensure data integrity and apply IRS regulations to all payouts and reporting.
• Analysis:
  Research and verify financial transactions, reporting systems, and member information.
• Member Support:
  Communicate with employers to verify documents and resolve inquiries.
• System Management:
  Utilize computer systems to retrieve data and process payments outside standard systems.

• Financial Expertise:
  Knowledge of client statutes, IRS regulations, and automated disbursement systems.
• Technical Proficiency:
  Advanced skills in Excel and relational databases.
• Analytical
  
  Skills:
  
  Strong mathematical and problem-solving abilities for high-volume, deadline-driven work.
• Communication:
  Excellent written and verbal skills for professional correspondence.
• Some college preferred but not required.

The clientis seeking a proactive individual with work experience in pension-related calculations to fill one vacancy on the Tier 2 team in Member Benefits.

• Accurately perform complex benefit calculations including retirement and survivor benefits, actuarial present value, lump sum payments, Qualified Domestic Relations orders and pension account maintenance Utilize various computer programs and databases to retrieve and analyze financial transactions
• Evaluate and interpret reporting systems, procedures, policies and methods
• Research, analyze and verify information relating to benefit payments, 1099
  
  Rs and member accounts following statute and legal determinations
• Apply Internal Revenue Service regulations on payouts and reporting
• Ensure the accuracy of data in the disbursement system
• Calculate and prepare requests for payments outside the disbursement system
• Contact members, beneficiaries, employers and related parties via phone and correspondence
• Review documents for authenticity and completeness
• Maintain data integrity within client databases

• Knowledge of the methods and techniques of automated financial/disbursement systems and databases Knowledge of statutes, policies and procedures, and information systems pertaining to the client
• Knowledge of IRS regulations with regard to payment and reporting of annuities and lump sum disbursements
• Strong analytical, mathematical, and problem-solving skills
• Excellent written and verbal communication skills
• Ability to process a high volume of varying calculations and meet multiple deadlines with accuracy
• Strong computer skills with emphasis on Excel and relational databases
• Ability to recognize inefficiencies and contribute towards improving processes
• Prefer six months' experience calculating benefits, pensions, or similar financial transactions
• Prefer six months' experience calculating adjustments to individual account balances
• Prefer Associate's degree with an emphasis in math

Position will be remote but will need to come in the office as needed

VIVA is an equal opportunity employer. All qualified applicants have an equal opportunity for placement, and all employees have an equal opportunity to develop on the job. This means that VIVA will not discriminate against any employee or qualified applicant on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status