Job Title
Retirement Analyst III (HR Analyst III) – REPOST
Company
Prince George’s County
Job Description
Nature and Variety of Work
Special Notice: This is a REPOST — Previous applicants do not need to re-apply for this position.
Bilingual Applicants Encouraged to Apply
Are you ready to make a significant impact on the work environment of Prince George’s County Government employees? Join our dynamic team at the Office of Human Resources Management (OHRM) and play a key role in improving and streamlining our processes and procedures.
Position Overview: We are currently seeking two highly qualified individuals to fill the role of Retirement Analyst III (HR Analyst III), Grade 24within the Retirement Services Division at the Prince George’s County Government Office of Human Resources Management. As a senior-level professional lead, you will be entrusted with the responsibility of interpreting statutes, regulations, and policies related to the Prince George’s County Employees Pension Plan.
Key Responsibilities:
- Provide expert-level support for the Pension Administration System (PensionGold) and the Human Resources Information System (SAP).
- Lead or assist with the annual audit, actuarial census data collection, and reconciliation.
- Calculate benefit estimates, new retiree benefits, vested benefits, transport of service, and other complex retirement benefits service credit.
- Prepare and follow up on requests and correspondence regarding benefit estimates and new retiree benefits.
- Handle complex service credit matters such as military service credit and purchased credit.
- Oversee the administration and coordination of the Maryland State Retirement and Pension System.
Examples of Work
Responsibilities:
Benefit Counseling:
- Counsel employees and beneficiaries on various benefit options, including service retirement, disability and death benefits, deferral of benefits, withdrawals, and reciprocal provisions.
- Ensure that members are guided towards the best benefit options considering system requirements.
Data Analysis and System Testing:
- Perform in-depth analysis of pension plan data to identify irregularities and discrepancies.
- Conduct user acceptance testing prior to the implementation of system improvements.
Communication and Outreach:
- Assist in the development of a comprehensive communication and outreach plan aimed at enhancing plan member engagement.
- Deliver presentations to groups of members to explain plan benefits and provide pre-retirement benefit information.
- Present relevant plan information during new employee orientation and pre-retirement seminars.
Benefit Calculation and Compliance:
- Understand and apply pension benefit rules and regulations to calculate benefits for multiple defined benefit pension plans.
- Interpret pension plan provisions and perform various types of pension plan calculations.
- Review participant data and calculate benefits in accordance with plan documents.
- Utilize research, analytical, and problem-solving skills to develop benefit solutions, including Corrective Action Plans.
Payroll Management and Verification:
- Process qualified recipients onto retirement payroll and appropriately remove recipients following death or other disqualifications for benefit payments.
- Calculate and verify retirement, disability, death, and deferred benefits and refunds.
- Maintain and verify active and retired member retirement accounts, including member status, employee contributions, rate schedules, interest rates, and service factors. Verify eligibility and calculate contribution rate changes.
Regulatory Compliance and Reporting:
- Submit bi-weekly payroll files to the Maryland State Retirement Agency.
- Coordinate reciprocal benefits with other retirement systems.
- Prepare a variety of information, records, reports, and correspondence, ensuring compliance with various benefit laws, rules, and regulations.
- Process detailed and technical forms and files in accordance with benefit regulations.
Team Collaboration:
- Effectively communicate findings and questions to team members and team lead.
- Work independently or collaboratively with others to achieve departmental goals.
Qualifications
Minimum Qualifications:
Bachelor’s degree from an accredited college or university in Business Administration, Human Resources, or a closely related field; in addition to,
Two (2) years of professional-level experience focused on pension plan data, administration of defined benefit plans, manual calculations, and determining participant eligibility based on Pension Plan Summary Plan Descriptions (SPDs) and Rules and Regulations.
Substitution:
Additional experience, as described above, may be considered as a substitute for the required education on a year-for-year basis. Thirty (30) semester units or forty-five (45) quarter units equate to one year of experience.
Notes:
All applicants must meet the minimum qualifications by the final filing date unless otherwise specified.
One (1) year of full-time experience corresponds to 2000 hours (based on a 40-hour work week). Overtime hours worked beyond forty (40) hours per week are not included in the calculation of full-time experience.
EACH APPLICANT MUST PROVIDE CLEAR AND DETAILED INFORMATION DEMONSTRATING THEIR QUALIFICATIONS FOR THIS POSITION.
Additional Information
REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES:
- Practical experience in pension benefits administration is a must.
- Knowledge of determining participant eligibility across multiple Pension Funds is a valuable asset.
- Strong attention to detail and meticulousness.
- Excellent interpersonal skills, with the ability to work autonomously and collaboratively to achieve objectives.
- Demonstrated aptitude for analytical thinking, discretion, and independent judgment.
- Organized, self-motivated, and capable of achieving objectives with minimal supervision.
- Proficiency in problem-solving, data collection, and providing effective solutions.
- Capability to manually calculate and verify annuity payments; emphasis on precision, time management, and follow-through.
- Familiarity with at least one complex human resources information system (HRIS) and payroll computer-based system, preferably the SAP HR Management System.
- Proficiency in oral and written presentation communication.
PREFERRED QUALIFICATIONS:
- Certification in Employee Benefits (e.g., CEBS, CBP) or an equivalent preferred certification.
- Senior Professional Human Resources Certification (SPHR-CP/SPHR-SCP) or equivalent.
- Advanced proficiency in Microsoft Excel.
- Previous involvement in project implementation and process improvement.
- Commitment to obtaining Maryland State Retirement Coordinator Certification within the first year of employment.
APPLICATION PROCEDURE:
A. Applicants must complete the online application. Ensure all elements, including resume and supplemental questions, are submitted for the application to be considered complete.
B. Attach the following to complete the application process: * Current comprehensive resume.
Note: The resume complements, but does not replace, the “Work Experience” section of the application. Incomplete applications will be rejected if work experience is absent or if other required fields are incomplete.
Ensure all necessary application materials are correctly uploaded. Only complete applications will be sent to the selection committee for review.
DURATION OF ELIGIBILITY: Candidates will be selected from a temporary register of eligible applicants, effective approximately four (4) weeks post-closing date. The register will expire upon selection.
ELIGIBILITY TO WORK: As per the Immigration Reform and Control Act of 1986, the employer is mandated to hire U.S. citizens and lawfully authorized alien workers. Selected applicants will need to verify authorization to work in the United States.
CLOSING DATE: ONLY ONLINE APPLICATIONS WILL BE ACCEPTED. Submit by the deadline specified.
Prince George’s County Government is an Equal Opportunity/Affirmative Action Employer Committed to Diversity in the Workplace.
Expected Salary
$59372 – 101000 per year
Location
Largo, MD
Job Posting Date
Tue, 31 Oct 2023 07:15:14 GMT