Benefits Analyst

State of Montana•Helena, MT

6d•Onsite

About The Position

The Montana Public Employee Retirement Administration (MPERA) is committed to providing secure and sustainable retirement benefits to nearly 60,000 members and retirees. The agency administers ten retirement plans and is dedicated to customer service, member education, and operational efficiency. We are seeking an individual with a balance of solid math expertise and soft skills to work with a wide variety of participating members, providing retirement benefit information on ten separate retirement plans in our highly driven Fiscal Services Bureau. This includes calculating retirement benefits for members using the calculations and provisions specific to each plan, determining cost estimates for members to purchase other service into a plan, calculating benefit coordination across plans, and calculating interest payable to a member or beneficiary. This position communicates differing retirement plan provisions to participants to the diverse population of plan participants who are employees from state, university system, school district and local government employers. Given the work we do is largely regulatory in nature, we would prefer if you had a strong foundation in math.

Requirements

Associates degree with coursework emphasis in accounting/ mathematics or related fields
Demonstrated professional experience performing higher function calculations, balancing financial variables, and providing service to a customer or other third party
Strong aptitude for using moderate to advanced functions of Excel
Knowledge of, or ability to quickly learn: State retirement statues, administrative rules, regulations and policies
Actuarial principles related to the calculation of retirement benefits.
Operate comfortably with moderate to advanced functions of Excel
Learn and apply a variety of mathematical formulas
Provide effective and professional customer service
Communicate effectively both verbally and in writing
Analyze a member’s retirement options and provide detailed explanation without influencing a member’s decision
Research and analyze employment data and draw conclusions
Ability to interpret and apply technical knowledge of financial informational, reported data, distribution, communication, and information systems for a variety of circumstances that often are not specifically addressed by statute, rule, policy or business processes.
Communicate complex plan provisions and resolve member questions with courtesy and respect
Maintain high attention to detail

Responsibilities

Calculating retirement benefits for members using the calculations and provisions specific to each plan
Determining cost estimates for members to purchase other service into a plan
Calculating benefit coordination across plans
Calculating interest payable to a member or beneficiary
Communicating differing retirement plan provisions to participants