Pension Calculations Specialist

Job Description

The Arizona State Retirement System is seeking a proactive individual with work experience in pension-related calculations to fill one vacancy on the Tier 2 team in Member Benefits.

• Tentative start date will be dependent upon interviews conducted, onboarding completed, and the state agency issuing a PO.
• Hire Right must be used for Background Checks and Drug Screenings.
• Local Only Candidates:
  Resumes must specify current location. Candidates must be local at time of submission and available for in-person interviews within 1 week of posting close date. Candidates must also be able to start within 2 weeks of an offer being made.

Position will be remote but will need to come into the office as needed.

• Accurately perform complex benefit calculations including:
  • Retirement and survivor benefits
  • Actuarial present value
  • Lump sum payments
  • Qualified Domestic Relations Orders
  • Pension account maintenance
• Utilize various computer programs and databases to retrieve and analyze financial transactions.
• Evaluate and interpret reporting systems, procedures, policies, and methods.
• Research, analyze, and verify information relating to benefit payments, 1099
  
  Rs, and member accounts following statute and legal determinations.
• Apply Internal Revenue Service regulations on payouts and reporting.
• Ensure the accuracy of data in the disbursement system.
• Calculate and prepare requests for payments outside the disbursement system.
• Contact members, beneficiaries, employers, and related parties via phone and correspondence.
• Review documents for authenticity and completeness.
• Maintain data integrity within ASRS databases.

• Knowledge of methods and techniques of automated financial/disbursement systems and databases.
• Knowledge of statutes, policies, and procedures, and information systems pertaining to ASRS.
• Knowledge of IRS regulations regarding payments and reporting of annuities and lump-sum disbursements.
• Strong analytical, mathematical, and problem‑solving skills.
• Excellent written and verbal communication skills.
• Ability to process a high volume of varying calculations and meet multiple deadlines with accuracy.
• Strong computer skills with emphasis on Excel and relational databases.
• Ability to recognize inefficiencies and contribute ideas toward improving processes.
• Prefer six months’ experience performing audits, pensions, or similar financial transactions.
• Prefer six months’ experience making adjustments to individual account balances.
• Prefer Associate’s degree with an emphasis in math.

• Analytical
  
  Skills:
  
  Strong mathematical and problem‑solving abilities for high-volume work.
• Works well within strict guidelines.
• Technical Proficiency:
  Advanced skills in Excel and relational databases.

• Financial Institution or Bank Experience.