Defined Benefit Calculation Automation Analyst I

Principal Financial Group • Des Moines, IA

6d • Hybrid

About The Position

As a Defined Benefit Calculation Automation Analyst, you will get the opportunity of completing software and desktop top coding related to Defined Benefit (DB) calculation automation, using programming/coding to drive pension customer experience, drive scalability, and mitigate risks for the organization. Use DB calculation experience to provide recommendations for improvements and automation. Serving as an expert for internal/external contacts by providing data, analytical, and calculation services and support. Responsible for analyzing and fixing defects within DB calculation automation systems. Deliver the solution to the production environment and provide ongoing support for defects/fixes and client requested improvements as necessary. Partner and support defined benefit plan onboarding team to assure that the calculation system is set up according to specifications and request clarification as necessary when interpreting plan specifications. Follow firm and line of business processes, protocols and quality standards in the development and deployment of solutions for all client implementations and ongoing service. Perform quality reviews & testing for coding for tools and calculation system output. Raise appropriate issues and potential delays related to calculation system implementation or fixes. Assist with the development of new tools, processes, and solutions to create efficiencies and business outcomes. Assists with mentoring, training, and development of team members on specific items assigned based on experience.

Requirements

• 3+ years of defined benefit or pension risk transfer product knowledge.
• Familiarity within DB pension field required.
• Understanding of pension administration technology, calculation formulas.
• Planning/interpersonal, problem-solving, analytical, time management decision making, and interpersonal skills required.
• Strong mathematical, technical, and analytical skills along with keen attention to detail.
• Experience mentoring and developing junior level team members.
• Ability to interpret sophisticated detailed plan provisions.
• Ability to handle a full workload and ability to prioritize.
• Be a team player and a positive influence in a team environment.
• Strong proficiency in excel or similar PC software packages, is required.
• High integrity and discretion to ensure the confidentiality of sensitive client data.

Nice To Haves

• Calculation system or DB calculation experience preferred.
• An associate degree or higher in math, actuarial science, statistics, or a similar field is helpful.
• Having ProAdmin and LynchVal experience is preferred.

Responsibilities

• Completing software and desktop top coding related to Defined Benefit (DB) calculation automation.
• Using programming/coding to drive pension customer experience, drive scalability, and mitigate risks for the organization.
• Providing recommendations for improvements and automation based on DB calculation experience.
• Serving as an expert for internal/external contacts by providing data, analytical, and calculation services and support.
• Analyzing and fixing defects within DB calculation automation systems.
• Delivering solutions to the production environment and providing ongoing support for defects/fixes and client requested improvements.
• Partnering and supporting the defined benefit plan onboarding team to assure that the calculation system is set up according to specifications.
• Requesting clarification as necessary when interpreting plan specifications.
• Following firm and line of business processes, protocols and quality standards in the development and deployment of solutions for all client implementations and ongoing service.
• Performing quality reviews & testing for coding for tools and calculation system output.
• Raising appropriate issues and potential delays related to calculation system implementation or fixes.
• Assisting with the development of new tools, processes, and solutions to create efficiencies and business outcomes.
• Assisting with mentoring, training, and development of team members on specific items assigned based on experience.

Benefits

• Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness.
• Pension Eligible

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree