Ret Mgmt Operations
Job Description Summary
As part of the Defined Benefit (DB) Operations team, facilitates a variety of processes including system programming, quality assurance, data analysis, benefit calculations, payment processing, death processing, payment verifications, and beneficiary forms.
Perform complex and manual DB retirement calculations and other processes using knowledge ERISA and actuarial based tools, taking ownership of identified issues through to resolution.
Support specialized projects and provide technical guidance to internal partners, including data analysis, manual research, and population identification.
Perform defined benefit payment processing and support payment maintenance including SOC1 compliance and tax documents (1099).
Research, recommend, and document improvements in service and productivity to ensure quality service.
Mentor lower level team members.
Oversee overpayment process and make corrections to tax forms as needed.
Review and reconcile Taxport files and foreign tax forms to ensure proper reporting of taxes on 1099R, 1042, and W-Update and reissue tax forms as necessary.
Bachelor's degree in business, math, finance, actuarial science, or related field, or equivalent education/experience
Four years of relevant work experience
Good understanding of retirement industry regulations and the ability appropriately interpret rules
Good understanding of defined benefit pension and actuarial concepts
Basic knowledge of computer programming
Strong math and statistical skills
Strong analytical and problem solving skills
Excellent verbal and written communication skills to explain complex concepts to customers
Strong organizational and prioritization skills
Proficiency using MS Word, Excel
Why Work for Us
Total Rewards at Transamerica: It's more than a paycheck.
Our comprehensive Total Rewards package is designed to help support you in many ways throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind to help you live your best life, grow personally and professionally - and feel valued for the work you do.
Learn more about our Total Rewards Package.
Equal Opportunity Employer:
Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: firstname.lastname@example.org if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.
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Transamerica Life Insurance Company