Pension Calculations Specialist 2

Arizona Department of Administration•Phoenix, AZ

1d•Onsite

About The Position

The Pension Calculations Specialist Tier 2 role is responsible for calculating a variety of benefit payments and refunds. This is a full-time employment opportunity with training and work schedule flexibility.

Requirements

Knowledge of the methods and techniques of automated financial/disbursement systems and databases
Knowledge of statutes, policies and procedures, and information systems pertaining to ASRS
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

Nice To Haves

Six months’ experience calculating benefits, pensions, or similar financial transactions
Six months’ experience calculating adjustments to individual account balances
Associate’s degree with an emphasis in math

Responsibilities

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, 1099Rs 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 ASRS databases

Benefits

Robust and affordable insurance plans (medical, dental, life, short-term and long-term disability options)
A top-ranked retirement program
10 paid holidays per year
Accrued vacation and sick days
An incentivized commuter club and public transportation subsidy program
The opportunity to participate in deferred compensation, credit union membership, and a wellness program
Rewarding work that benefits the people of Arizona
Public Service Loan Forgiveness eligible employer
Opportunity for goal-based and spot incentives
Free Covered Parking