Benefits Administration Services Analyst II

🔥 0 minutes ago

🏖️ New Jersey – Remote

🏖️ New Jersey – Remote

💵 $47k - $61k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

🖥️ Administration

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

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Conduent

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 2017

🏥 Healthcare

📦 Logistics

💼 Consulting

💰 Venture Round on 2009-01

Healthcare • Logistics • Consulting

Conduent is a leading provider of technology-led solutions aimed at enhancing customer experiences and improving operational efficiency for businesses and government agencies. The company offers a wide range of services, including customer experience management, finance and accounting solutions, human capital management, integrated digital solutions, and specialized services for healthcare and public sector clients. By leveraging automation and analytics, Conduent helps organizations streamline processes and drive business success.

📋 Description

• Perform Defined Benefit pension calculations for retirement, termination, death, and other benefits • Review participant data and documentation for accuracy and completeness • Process participant elections, benefit commencements, distributions, and other pension transactions • Interpret and apply Defined Benefit plan provisions, administrative procedures, and business rules • Understand plan designs, benefit formulas, options, and eligibility criteria • Research and resolve participant and plan administration issues • Review calculations and transactions for accuracy and compliance • Maintain participant records and update benefit administration systems • Respond to participant, client, and internal team inquiries • Identify and resolve data discrepancies with appropriate teams • Support data validation, testing, audits, and quality assurance activities • Assist with plan updates, system changes, annual processes, and special projects • Follow service-level agreements, quality standards, procedures, and client-specific requirements • Maintain process, procedure, calculation, and plan administration documentation • Collaborate with team members and internal groups for accurate and timely service delivery • Participate in team meetings, training activities, and client-facing interactions • Identify process, accuracy, and operational efficiency improvements • Support Senior Analysts and team leadership with complex Defined Benefit administration activities

🎯 Requirements

• Bachelor’s degree or equivalent combination of education and relevant experience • 2+ years of experience in benefits administration, pension administration, or a related field • Experience with Defined Benefit pension plans strongly preferred • Experience performing or reviewing pension benefit calculations preferred • Understanding of retirement plan concepts, participant data, and benefit administration processes • Ability to interpret plan documents, procedures, and business rules and apply them accurately • Strong analytical, mathematical, and problem-solving skills • Strong attention to detail while managing multiple priorities • Proficiency with Microsoft Excel and other Microsoft Office applications • Experience with benefits administration or pension systems preferred • Strong written and verbal communication skills • Ability to work independently while collaborating effectively within a team environment • Experience administering Defined Benefit plans in a benefits outsourcing, consulting, or third-party administration environment preferred • Knowledge of ERISA, IRS regulations, and other requirements applicable to Defined Benefit retirement plans preferred • Experience with complex pension calculations, including early retirement, optional forms of payment, QDROs, and death benefits preferred • Experience with data analysis, system testing, or benefits administration implementations preferred • Experience working in a client-service environment preferred

🏖️ Benefits

• Remote work from home • Comprehensive health and welfare benefits effective from day one • Retirement savings programs • Employee discounts on merchandise, services, travel, and more • Career growth opportunities • Paid training • Paid time off • Award-winning work environment valuing diversity and inclusion • Health insurance coverage • Voluntary dental and vision programs • Life and disability insurance • Paid holidays • PTO or vacation and/or sick time • Possible bonus or incentive based on business need