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Pension Analyst (Defined Contribution)

Security Mutual Life Insurance Company of New York

(Remote / AL / AZ / CT / FL / IA / MA / MN / NC / NJ / NY / OH / PA / TX / Hybrid)

As a Defined Contribution Pension Analyst, you will provide third party defined contribution qualified plan administrative services.  Services provided include normal annual administrative services, as well as periodic review for compliance with regulations. You will also primarily be responsible for the processing and validation of participant distributions from our block of Defined Contribution qualified plans.

SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC. If you are interested in this position, but don’t live near Binghamton, NY, this may be an opportunity for you! 

Description of Duties & Responsibilities of a Defined Contribution Pension Analyst:

• Calculate Required Minimum Distributions, prepare and submit 1099R forms, calculate maximum loan amounts and prepare participant loan forms.
• Complete annual valuations for assigned plans and communicate with plan sponsor and advisors.
• Determine eligibility, reconcile trust assets, input data into administration software to calculate allocations and prepare reports. 
• Prepare and review non-discrimination testing using administration software.  Communicate allowable/appropriate correction options to clients.
• Complete Form 5500 filings, prepare Summary Annual Reports and complete electronic filing through EFAST.
• Prepare required election and disclosure forms for terminated and retired participants.  
• Prepare plan document restatements and plan amendments. Review plan to confirm that it meets client objectives.
• Process plan terminations, including preparation of termination amendments, resolutions and notices. Prepare final calculation of benefits owed to each participant and complete IRS filings when requested.
• Prepare and submit time sheets daily.
• Maintain PensionPro workflow tracking for assigned projects. 
• Other duties as needed or assigned.

Required Skills & Experience of a Defined Contribution Pension Analyst:

• Minimum 3 years’ experience in plan administration for small to medium sized plans required. 
• ASPPA Qualified 401(k) Administrator or Qualified Pension Administrator designation preferred.
• Experience with Relius Administration software and plan documents preferred.
• Experience with compliance research and updating policies and procedures. 
• Strong analytic and decision making skills. 
• Basic proficiency with Microsoft Word and Excel required.
• Strong written and verbal communication skills.
• Strong customer service skills.
• Ability to think analytically and critically.
• Ability to handle multiple priorities simultaneously. 
• Ability to pay close attention to detail.
• Ability to prioritize and organize a heavy workload.
• Ability to adapt to change and work under pressure.
• Ability to learn quickly and take on increasing responsibility.

Education Required: Bachelor’s degree in Accounting, Mathematics or related field of study. 

Pay Range: $21.40 to $27.54 hourly

The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.

Visa sponsorship is not available for this position

Relocation assistance is not available for this position

Security Mutual is an Equal Opportunity Employer

About SML:

Security Mutual Life is a leading provider of life insurance, accumulation products and retirement-, business- and estate-planning services for individuals, families and businesses. Our innovative products help our clients meet their financial protection needs. Headquartered in Binghamton, New York, the Company was founded in 1886 and is recognized for its longstanding history of financial strength and stability.

We continually invest in technology. Our agents and employees are equipped with the latest tools and deliver outstanding service to our hundreds of thousands of policyholders throughout the United States.

We are committed to our neighbors and communities. Security Mutual and its employees help support a wide variety of community and charitable initiatives and organizations through our donations and service.

At Security Mutual our employees are among the Company’s most valued assets. We offer competitive salary and benefits and our work environment reflects the Company’s core values of trust, respect and integrity.

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