Work in Washington Veterans Jobs

Job Information

Milliman Senior DB Client Service Analyst (Seattle or Remote-West Coast) in Seattle, Washington

Description

BASIC FUNCTION

The Senior DB Client Service Analyst works in a team environment and is responsible for all operational tasks associated with servicing qualified and non-qualified defined benefit pension plans in compliance with the plan’s provisions and administrative policies. This includes, but is not limited to, acting as the primary client contact on all participant issues, performing benefit calculations, providing training and assistance to new associates, responding to participant requests, and problem resolution. The Senior DB Client Analyst partners with the system team to develop and maintain data and calculation automation.

The Senior DB Client Service Analyst will interact within their team and with other Milliman teams (possibly across office locations) with a moderate amount of interaction with the client. A small amount of travel can be anticipated.

RESPONSIBILITIES OF THE POSITION

  • Calculate pension benefits and prepare associated participant paperwork in accordance with plan provisions

  • Assist with the development and/or review of system requirements for any pension oriented enhancements preferred

  • Adhere to the calculation process to include timely processing of calculation and review of pension calculations and associated paperwork for correctness and completeness

  • Provide client relationship management inclusive of excellent written and verbal communications, responsive follow through and advocacy for client issues

  • Read and comprehend plan provisions from defined benefit plan documents, summaries of plan provisions and other related plan materials

  • Coordinate/distribute client reports and client feedback files

  • Review and maintain administrative procedures

  • Provide client related training to the benefit service center team

  • Maintain effective relationships with client contacts

  • Coordinate with implementation team to achieve successful plan conversions. This includes assistance with system testing for new plan setups and plan modifications due to regulatory updates as well as setting up user acceptance test case calculations

  • Provide support for special projects and other tasks as needed

  • Identify, analyze, and assist in executing process improvements

  • Ensure final work products are of high quality and provided in a timely fashion

  • Training and mentoring of new employees

  • Effectively utilize pension analysts for completion of tasks and projects

  • Monitor progress of daily tasks

  • Build teamwork

  • Take an active role in pursuing continued education

REQUIRED EXPERIENCE AND SKILLS

  • Bachelor’s degree preferred (a degree in Mathematics, Statistics or other analytical field will be considered a plus)

  • Three years experience in defined benefit plan administration

  • Understanding of standard regulatory aspects of defined benefit plan administration such as 415 benefits limits, 401(a)(17) limits, minimum required distributions, nonqualified plans and other defined benefit regulatory issues involving ERISA and IRS Revenue Rulings

  • Experience with multiple plans preferred

  • Ability to apply actuarial concepts

  • Qualified Pension Administrator (QPA) designation from the American Society of Pension Professionals & Actuaries (ASPPA), or demonstrated progress with the Society of Actuaries exams, preferred

  • Willing to pursue exams with the American Society of Pension Professionals and Actuaries (ASPPA)

  • Strong verbal and written communication skills, with an emphasis on customer service

  • Ability to work in a team environment and individually

  • Basic project management skills

  • Excellent analytical and mathematical capabilities, with great attention to detail

  • Demonstrate solid organizational skills, balancing and prioritizing multiple projects

  • Ability to solve problems efficiently while being innovative and creative

  • Proficient in the use of Microsoft Windows and Microsoft Office suite (Word and Excel)

  • Experience with Microsoft Access is a must

  • Willingness to work overtime

  • Defined Benefit plan administration and/or systems configuration experience, preferred

COMPENSATION

A competitive base salary, plus a performance-based incentives bonus tied to the overall business performance. The firm offers an outstanding and comprehensive benefits package:

  • Medical, dental and vision coverage for employees and their families, including eligible domestic partners.

  • A 401(k) plan with matching program

  • Paid Parental Leave up to 12 weeks

  • Profit sharing as a discretionary contribution to employees’ retirement accounts

  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason.

  • Adoption assistance

  • Milliman covers 100% of the premiums for life insurance, AD&D, and both short term and long term disability coverage

  • Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation and applicable medical needs

ABOUT MILLIMAN

Milliman employs more than 3,500 people working in employee benefits, healthcare, life insurance/financial services, and property and casualty insurance. For more than 70 years, the firm has quietly earned a reputation for exceptional services, innovation and quality. Today Milliman is one of the nation’s most highly regarded providers of retirement plan services to the full spectrum of business, financial, government and union organizations.

HIRING PRACTICES

Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law. Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the HR department.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

DirectEmployers