Senior Pension Administrator III - Western & Southern Financial Group

Overview:Performs plan administrative services for assigned group of plans. Serves as main point of contact for plan sponsors and agents for qualified plan inquiries. Provides consultation to plan sponsors and agents regarding plan design and operation. Works with minimal supervision.Responsibilities:What you will do:

• Maintains positive relationships with plan sponsors, agents and internal clients.
• Performs annual testing to ensure plans meet nondiscrimination and coverage regulations provided by the IRS and DOL.
• Prepares required governmental filings for assigned qualified plans.
• Balances plans and prepares annual plan valuations based on information provided by plan sponsors on a balance forward basis. Notifies client of any balancing issues, any required contributions and maximum deductible contribution amounts.
• Prepares illustrations for employer contributions using all allocation methods including non-safe harbor methods.
• Instructs plan sponsors and agents on safe harbor correction methods for plan failures and calculates amounts for corrective distributions and/or required plan contributions.
• Assists plan sponsors with EPCRS and DFVCP corrections.
• Reviews plans to ensure provisions of plan document are appropriately applied on both a plan and participant level.
• Explains provisions of plan document, including any amendments to plan sponsors and agents. Provides information on how this affects the plan and its participants. Provides consultation regarding plan design and operations for Defined Contribution plans.
• Consults with sales team on technical issues with plan design for Defined Contribution plans. Provides input to management and sales team on current industry developments.
• Provides guidance to Pension Administrator I and Pension Administrator II regarding acceptable consultative recommendations for Defined Contribution plans.
• Mentors new associates regarding Lafayette Life Retirement Services procedures.
• Assists plan sponsors and agents with day-to-day administration of plan. Provides available distribution amounts and assistance with determining participant eligibility and provides other information required for daily plan operations.
• Requests information necessary to provide plan valuation and annual testing and prepares government forms prior to the end of the plan year. Applies required follow-up procedures to obtain necessary information and invoice payment.
• Contacts plan sponsors and agent of existing unresolved issues. Proactively notifies plan sponsors and agents of impending issues.
• Notifies plan sponsors of necessary Required Minimum Distributions and follows up to assist the appropriate handling of these transactions.
• Guides plan sponsors and agents through the proper process when terminating a qualified plan.
• Promotes the value of Lafayette Life products within qualified plans.
• Performs other duties as assigned
• Complies with all policies and standards

Qualifications:

• College degree or equivalent work experience showing increasing levels of responsibility. (Required)
• Proven experience handling and effectively resolving customer problems. Must provide examples of strong customer service skills. (Required) and
• At least five years of experience in the employer-sponsored qualified plan field. (Required)
• Demonstrated advanced level of employer-sponsored retirement plan knowledge in either Defined Contribution or Defined Benefit plan types.
• Demonstrated excellent verbal and written communication skills with the ability to successfully interpret and communicate business needs to both internal and external client groups in a clear and concise manner. This includes demonstrated strong telephone and email communication skills and etiquette.
• Demonstrated strong attention to detail with excellent organizational skills. Must cite examples of organization and time management methods used to manage or prioritize workload demands.
• Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions.
• Demonstrated knowledge of life insurance/annuity industry or pension industry. Ability to provide examples of life insurance/annuity or retirement plan concepts including product knowledge, procedures, systems and applications.
• Must be proficient with Windows-based operating systems and the Microsoft Office Suite of products.
• Knowledge of Datair Pension Administration System and/or Sungard Document System preferred.
• Knowledge of NOLAS mainframe system is a plus.
• ASPPA QKA or equivalent designation (Required)

Work Setting/Position Demands:

• Works in an office setting and remains in a stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings.
• Requires the ability to verbally communicate and exchange accurate information to customers and associates on a regular basis.
• Requires visual acuity to read and interpret a variety of correspondence, procedures, reports and forms via paper and electronic documents, visual inspection involving small defects; small parts, and/or operation of machinery (including inspection); using measurement devices continuously. Visual acuity is required to determine accuracy, neatness, and thoroughness of work assigned.
• Requires the ability to prepare written correspondence, reports and forms using prescribed formats and conforming to rules of punctuation, grammar, diction, and style on a regular basis.
• Requires the ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions
• Performs substantial movement of wrists, hands, and fingers for continuous computer work.
• Extended hours required during peak workloads or special projects/events.

Travel Requirements:

• None