Retirement Benefit Analyst III - #222904

Principal Financial Group Cedar Falls , IA 50614

Posted 3 months ago

Job Area: All Other

Business Area: Pension

Location: GA - Atlanta;PA - Pittsburgh;IA - Mason City;IA - Cedar Falls;IA - Des Moines

Career Category: Experienced Professional

Full/Part Time: Full-Time

Regular/Temporary: Regular

Date Posted: 2019-05-16

What you'll do

Do you have strong Defined Benefit knowledge? Experience working with Lynchval or other Defined Benefit software and systems?

If so, check out this great opportunity to join our Plan Coding team within Defined Benefit!

As a Retirement Benefit Analyst, you will be responsible for the completion of complex projects in support of pension functions. Use technical skills to do pension research and calculations, analyze results and make necessary recommendations. Provide data, analytical and calculation services and support. Serve as an expert for internal and external contacts.

Additional responsibilities may include:

  • Set up administrative software and systems for defined benefit calculations, including the programming of complex and unusual benefits.

  • Calculating manual benefit calculations for setting up, testing and validating administrative systems.

  • Involved in plan amendments, compliance and regulatory changes.

  • Coordinate activities with other departments to ensure a seamless implementation for new clients. Verify all pertinent data and information is received and completed.

  • Identify, analyze and resolve administrative system problems

  • Perform review and acceptance testing of software enhancements as needed.

  • Provide expert knowledge related to benefit calculations and clearly communicate complex calculations in simplified terms for internal and external parties.

  • Assist in the completion of assigned special projects, including gathering and organizing information/data, processing benefit calculations, and analysis.

  • Provide pension technical assistance to business partners involving research, calculation expertise and analysis, and solving questions and problems.

What you'll get from us

  • Competitive pay, benefits, perks and more. We'll reward you for the skills and experience you bring to the table. Find out more.

  • Respect for your unique perspective. Diversity, inclusion and empowerment are at the core of our culture.

  • A career, not just a job. Principal is a place where you can learn and innovate. Do important work. Make an impact. And achieve your professional goals.

  • The ability to have a great job and a great life. Sure, work is important. But so is your family. And your friends. And your community. That's why we provide the flexibility you need to find the right balance between your job and the rest of your life.

Qualifications

Skills required:

  • Bachelor's degree or equivalent of 8 years' experience. (Degree in Math, Actuarial Science, Statistics, or major in an analytical field is preferred.)

  • 2+ years of work-related experience is required.

  • 1+ year of work-related experience in defined benefit pension field is required.

  • Previous experience using defined benefit systems such as Lynchval/LVAdmin, ProVal/ProAdmin or another pension software is highly preferred.

  • Advanced Excel skills, VBA programming, XML, SQL, etc is also highly preferred.

Successful candidates will have the following:

  • Strong mathematical, technical and analytical skills along with keen attention to detail.

  • Excellent analytical, problem solving, presentation and communication skills.

  • Passion for solving problems and sharing solutions. Initiate and/or participate in meetings with other areas to solve problems. Communicate technical benefit calculations in layman's terms to internal and/or external parties.

  • Strong decision making and organizational skills.

  • Must have strong mentoring, interpersonal and listening skills.

  • Ability to interpret complex plan provisions.

  • Must be able to handle a heavy workload and ability to prioritize.

  • High integrity and discretion to ensure the confidentiality of sensitive client data.

  • A strong understanding all regulatory items that affect participant calculations is necessary to ensure administrative system calculations are correct

Job Level

Willing to consider applicants at a higher level if skills and experience aligns.

Location

This position can be based out of any of the following location:

  • Atlanta, GA
  • Pittsburgh, PA
  • Des Moines, IA
  • Cedar Falls, IA
  • Mason City, IA

How we hire

Once you apply, your application is hand reviewed by our talent team. Generally within a few weeks, the team makes interview selection decisions and communicates those via email. If selected, you'll receive an email from Principal Talent Team to complete a pre-recorded interview on your own time. Be sure to check your email frequently and follow the steps shared to submit timely.

Learn more about our hiring steps and find answers to frequently asked questions.

Additional Information

Work Authorization/Sponsorship

At this time, we're not able to consider candidates who would need sponsorship now or in the future or those needing work authorization for this role. (This includes students on F1-OPT, F1-CPT, J-1, etc.) However, we'd hope you continue to keep us in mind for other potential opportunities in the future.

Principal is an Affirmative Action and Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.


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What you'll get from us * Competitive pay, benefits, perks and more. We'll reward you for the skills and experience you bring to the table. Find out more. * Respect for your unique perspective. Diversity, inclusion and empowerment are at the core of our culture. * A career, not just a job. Principal is a place where you can learn and innovate. Do important work. Make an impact. And achieve your professional goals. * The ability to have a great job and a great life. Sure, work is important. But so is your family. And your friends. And your community. That's why we provide the flexibility you need to find the right balance between your job and the rest of your life. Qualifications Skills required: * Bachelor's degree or equivalent of 8 years' experience. 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Communicate technical benefit calculations in layman's terms to internal and/or external parties. * Strong decision making and organizational skills. * Must have strong mentoring, interpersonal and listening skills. * Ability to interpret complex plan provisions. * Must be able to handle a heavy workload and ability to prioritize. * High integrity and discretion to ensure the confidentiality of sensitive client data. * A strong understanding all regulatory items that affect participant calculations is necessary to ensure administrative system calculations are correct Job Level Willing to consider applicants at a higher level if skills and experience aligns. Location This position can be based out of any of the following location: * Atlanta, GA * Pittsburgh, PA * Des Moines, IA * Cedar Falls, IA * Mason City, IA How we hire Once you apply, your application is hand reviewed by our talent team. 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Retirement Benefit Analyst III - #222904

Principal Financial Group