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Retirement Analyst

DC Retirement Board

in Washington DC

ABOUT THE D.C. RETIREMENT BOARD

The District of Columbia Retirement Board is an independent agency of the District of Columbia Government. Our mission is to manage and control the assets of the D.C. Police Officers' and Firefighters' Retirement Plan and the D.C. Teachers' Retirement Plans as well as to administer benefits for the members of the plans.

POSITION SUMMARY

Calculates and processes various retirement benefits for Plan members of the Police/Firefighters’ and Teachers’ Retirement Plans and their survivors. Calculates retirement estimates, recalculations of benefits upon request or as assigned, and determines the payout for deceased members and annuitants, including unpaid annuity and unexpended contributions. Manages an assigned caseload of new and deceased retirees each pay period to ensure payments are made within the first sixty-day period of receiving a member’s request for benefits and supporting documentation or other processing target for benefits paid on behalf of deceased members.

ESSENTIAL DUTIES AND RESPONSIBILITIES (Duties that occupy a major portion of time and importance of the job)

• Conducts analysis, confirms eligibility to receive benefits and verifies data for estimates of benefit calculations; maintains consistent and effective communication with agency stakeholders (MPD, FEM, DCPS), OPRS, etc. to obtain and evaluate required data.
• Reviews and confirms health coverage and life insurance coverage eligibility assigned by Retirement Specialist for a retired member or survivor by reviewing retirement information packet from employing agency as well before updating information in STAR (the System to Administer Retirement, an automated pension/payroll system).
• Provides retirement estimates and other retirement-related calculations.
• Processes new retirees, survivors, and beneficiaries (one-time payments) onto the annuity payroll.
• Reviews special project calculations provided by Quality Unit and other external business units to ensure concurrence in results before updating in STAR; i.e. Post 56 adjustments, Annuity Verification and/or Earning Statement Project suspensions/reinstatements, etc.
• Performs all special group calculations outside of STAR, i.e. Teachers’ Salary increases, Non-Union Police Salary increases – which require recalculation of the annuitant’s historical benefit, before adjustment to annuity can be updated in STAR.
• Reviews case documents provided by Specialists for payment of unpaid annuity on behalf of deceased retiree/survivor to ensure accuracy and compliance with Plan rules and operating procedures prior to processing for payment.
• As assigned handles the complex retirement cases and other special project cases to ensure timely processing of the annuity payroll.
• Reviews monthly payroll health coverage and life benefits Proration Report to ensure the proper deductions will be made from the immediate upcoming payroll for new retirees/survivors; make adjustments as needed.
• May serve as the backup to the Sr. Retirement Analyst and trouble shoots any issue that requires resolution to close payroll, ensuring all information is error free.
• May assist the Manager in providing support documentation and operations/procedural instruction reminders to new and current staff members.
• Performs User Testing of changes to FileNet, STAR and other electronic systems tools that are utilized by the Analysts.
• Verifies that pension benefit applications are complete, accompanied by required documentation, and refers incomplete application matters to agency (DCPS, MPD, FEMS) personnel to obtain required information/documentation for further investigation.

FUNCTIONAL COMPETENCIES

• Knowledge of defined benefit retirement plans administration tasks.
• Ability to accurately enter and manage sensitive member data and manage the confidentiality of employee’s paper records.
• Proficiency in math and analytical skills; function with high level of attention to detail.
• High level of verbal and written communication skills.
• Proficient in computer applications (Microsoft Office, internet navigation, e-mails).
• Understanding of and execution of basic organizational, problem solving, and prioritization skills.

REQUIRED EDUCATION & PROFESSIONAL CERTIFICATIONS

• Bachelor’s degree in Business Administration, Human Resources, or equivalent work experience.
• Retirement Plans Associate (RPA) or other relevant retirement benefits certificate desired.

JOB EXPERIENCE (Years & Type)

• Four (4) to five (5) years of pension/benefits processing experience.
• One or more years of using retirement and/or pension payroll systems experience preferred.
• Working knowledge of Microsoft Office Suite software, particularly Excel.

WORKING CONDITIONS

• Normal office environment
• Work hours are 8:30 a.m. – 5:00 p.m.

COMPENSATION LEVEL:   DCRB Grade 6

This job description describes the general nature and level of work being performed by the individual(s) assigned to this position. It is not intended to be an exhaustive list of all tasks, duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary. In addition, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

EQUAL EMPLOYMENT OPPORTUNITY

DCRB is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the employer will provide reasonable accommodations to qualified individuals with disabilities and encourage both prospective employees and incumbents to discuss potential accommodations with the employer.

How to Apply

Applicants must submit a completed District of Columbia Employment Application ("DC2000"), letter of interest discussing eligibility and qualifications, and resume.

The DC2000 is available as a fillable file document on the “Working at DCRB” page on DCRB’s website. You may view the page here: http://dcrb.dc.gov/service/working-dcrb

WHERE TO APPLY:   dcrb.vacancies@dc.gov

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