Senior Specialist, Pension Administration

Job not on LinkedIn

🕒 September 28

🌽 Illinois, Kentucky, +2 more states – Remote

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💵 $74k - $148k / year

⏰ Full Time

🟠 Senior

🖥️ Administration

🦅 H1B Visa Sponsor

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👻 Ghost score 1%

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Logo of Marsh McLennan

Marsh McLennan

10,000+ employees

Founded 1871

⚖️ Legal

📣 Marketing

💸 Finance

Legal • Marketing • Finance

Marsh McLennan is a leading professional services firm that operates in the areas of risk, strategy, and people. With over 85,000 employees worldwide, the company encompasses four main businesses: Marsh, offering insurance broking and risk management; Guy Carpenter, providing reinsurance and capital strategies; Mercer, specializing in health, wealth, and career consulting; and Oliver Wyman, focusing on strategy, economic, and brand consulting. Marsh McLennan is committed to fostering an inclusive culture, empowering its employees, and delivering innovative solutions to clients globally.

📋 Description

• Lead the Calculations and Special Projects team and influence Business and Client Services success and growth • Lead special pension administration projects, including serving as data manager for plan termination projects • Assist with pension calculations and review plan documents and calculation tools related to special projects • Act as primary contact with clients and Marsh consultants • Lead pension calculation, data, and risk transfer projects as Project Manager • Serve as point of contact to clients, administration and processing teams • Manage special project tasks, budgets, client-agreement terms, and out-of-scope work • Lead and attend team and project calls • Communicate across internal and external teams • Oversee, monitor, and review data projects for plan terminations • Identify critical data elements for cleanup and plan termination projects • Develop data requests based on plan provisions • Draft database specifications for data imports and extracts • Analyze missing-data findings and impact • Track and update data corrections from various sources • Assess downstream impacts of data updates and missing elements • Reconcile populations at key project points • Calculate and review qualified and non-qualified benefits, including QDROs, 409A, employee contributions, late retirement increases, and RMDs • Develop and maintain Access- or Excel-based calculation checkers

🎯 Requirements

• Bachelor’s degree preferred • 5-7 years of experience in defined benefit administration • Prior experience with project management and client relationship management • Strong proficiency with MS Excel and Word • Proficiency in MS Access desired • Excellent problem solving and analytical skills • Proven ability to identify, research, follow up and resolve issues or problems encountered through project work • Excellent oral and written communication skills • Ability to work on multiple projects simultaneously and prioritize time effectively • Ability to handle difficult client situations and derive strategic solutions • Knowledge of current government regulations/IRS Code

🏖️ Benefits

• Excellent benefits • Dynamic culture • Growth/advancement opportunity • Work-life balance • Health and welfare benefits • Tuition assistance • 401K savings • Other retirement programs • Employee assistance programs • Performance-based incentives may be available

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