Pension Administration Specialist

Mercer LLC Milwaukee , WI 53201

Posted 6 months ago

Company:Mercer

Description:

The purpose of this position is perform and review complex pension calculations, ensure compliance with participant deliverables, and serve as a pension subject matter expert for other staff members.

Responsibilities will include:

  • Responsible for the final peer review of pension calculations and trustee transactions performed by others using established calculation tools and processes.

  • Provide guidance and training to client teams and serve as a subject matter expert.

  • Project management responsibility for recurring client processes.

  • Analyze legislative and regulatory summaries and ensure compliance for all client work. Adherence and enforcement of all established standards

Qualifications:

  • BA/BS degree preferred in Math, Business, Statistics, Finance or Programming

  • 5 + years of advanced defined benefits administration experience

  • Intermediate to advanced skills in Microsoft Excel and Word

  • Working knowledge of actuarial concepts and calculation methods, e.g. actuarial factors and commutation functions. Strong knowledge of the IRS code and DOL rules and regulations as they apply to defined benefit plans and procedures including: the Pension Protection Act, 401(a)(17), 415(b), 417(e), Relative Value and RASD

  • Ability to work in a team environment with rapidly changing priorities and demands. Demonstrated leadership experience within a team environment.

  • Excellent interpersonal skills; strong oral and written communications skills; ability to communicate technical information in a way that others can understand

  • Strong client relationship and consulting skills

Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer's more than 22,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 65,000 colleagues and annual revenue over $14 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. Marsh & McLennan Companies is also the parent company of Marsh, which advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions; Guy Carpenter, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; and Oliver Wyman, which serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.

Mercer LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity.

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.


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Pension Administration Specialist

Mercer LLC