Benefits Analyst

Overview:

The Benefits Analyst is responsible for researching, analyzing and calculating pension benefits in a Defined Benefit Taft-Hartley Plan environment. Job duties include reviewing pension applications, determining applicant eligibility, performing benefits calculation and determining the type of benefit to be paid or denied.

Job Description

• Determine eligibility for pension benefits, including benefit adjustments, re-retirement, re-determination, and death claims.
• Calculate and pay pension benefits.
• Calculate estimates and prepare estimate packages for participants, beneficiaries and alternate payees.
• Review and analyze divorce decrees and property settlement agreements to make a recommendation to the Pension Manager on how to proceed with the claim.
• Communicate with participants, third parties, beneficiaries and alternate payees via telephone, email and written correspondence to help identify and solve inquiries regarding pension benefits.
• Process elective documents (Direct Deposit, W-4P State and Federal Tax Forms)
• Generate Pension Verification Letters and Denial Letters.
• Update database information for participants, beneficiaries and alternate payees.
• Suspend and Reinstate Benefits.
• Create correspondence including Power of Attorneys, Guardianships, Letters Testamentary and Estate documentation.

Job Qualifications

• Bachelor’s Degree preferred
• 1 - 3 years’ work experience in administration, finance, benefits or customer service
• Office 365 including intermediate Excel skills
• Proficiency in writing and communication skills
• Attention to Detail
• Strong Time Management Skills
• CEBS certification or coursework towards CEBS designation a plus

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