Benefit Calculation Analyst- Disbursements

Commonwealth of Massachusetts•Boston, MA

1d•Hybrid

About The Position

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.

Requirements

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.
Strong math skills.
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.

Nice To Haves

Candidates with an associate's degree will be given preferred consideration, provided they meet the other qualifications outlined for the position.

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