Retirement Benefits Processor, Sr

1 month ago

Bothell, United States Zenith American Full time
Job DescriptionJob Description

Title: Retirement Benefits Processor, Sr Department: Pension

Union: UFCW 21 Grade: 8

FLSA: Non-exempt Hours per week: 40

Date Posted: 02/21/2024


Position Summary

The Retirement Benefits Processor, Sr performs advanced technical and administrative duties associated with the processing and verification of participants' retirement benefit inquiries and applications in accordance with Company policies, regulatory requirements, and plan guidelines.

"Has minimum necessary access to Protected Health Information (PHI) and Personally Identifiable Information (PII) by Job Description/Role."


Key Duties and Responsibilities
  • Processes retirement benefit applications; verifies the accuracy of information, researches or investigates past service, related credits, and insurance deductions.
  • Responds to inquiries from participants, beneficiaries, and union representatives regarding retirement benefits.
  • Determines benefit eligibility and requests necessary documentation from unions, employers, and the Social Security Administration to expedite processing.
  • Initiates and prepares correspondence to participants, beneficiaries, employers and others regarding general account information, retirement benefit history, and monthly retirement benefits.
  • Performs data entry and corrections to update members' information.
  • Updates retirement data in appropriate information systems.
  • Processes Qualified Domestic Relations Orders (QDROs).
  • Prepares balance and run checks; reviews and resolves outstanding checks; recovers overpayments.
  • Reviews retirement benefit exception list for suspension of benefits and recalculations.
  • Prepares committee reports, board reports and monthly statistical reports.
  • Resolves escalation
  • Assists with production and distribution of Annual Benefit Statements.
  • Assists with special projects as requested by management.
  • Performs other duties as assigned.
Minimum Qualifications
  • High school diploma or GED.
  • Two years of experience processing retirement benefits.
  • Highly developed sense of integrity and commitment to customer satisfaction.
  • Ability to read, analyze, and interpret general business materials, technical procedures, benefit plans and regulations.
  • Ability to communicate clearly and professionally, both verbally and in writing.
  • Strong understanding of discretion and the appropriate handling of sensitive information.
  • Solid organization skills with an attention to detail.
  • Ability to calculate figures and amounts such as discounts, interest, proportions, and percentages.
  • Computer proficiency including MS Office tools and applications.

Preferred Qualifications
  • Bilingual English and Spanish, based on location needs.
  • Prior retirement plan administration experience.
  • Experience working in a third-party administrator.

*Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee of this job. Duties, responsibilities and activities may change at any time with or without notice.


Working Conditions/Physical Effort
  • Prolonged periods of sitting at a desk and working on a computer.
  • Must be able to lift up to 15 pounds at times.
Disability Accommodation

Consistent with the Americans with Disabilities Act (ADA) and other applicable federal and state law, it is the policy of Zenith American Solutions to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. If reasonable accommodation is needed, please contact the Recruiting Department at recruiting@zenith-american.com, and we would be happy to assist you.


Benefits:

26.44/hr
Health Insurance, Flexible Spending Account, Life Insurance / AD&D, Short Term & Long Term Disability, Employee Assistance Program, Pension Plan, 401(k) Plan, Voluntary Supplemental Plans, Paid Time Off and Holidays offered.

Internals to Apply:

If you meet the minimum qualifications and are interested in applying for this position, please submit an application. All applications must be received by 5:00 pm on the Internal Posting Deadline in order to be considered prior to external applicants.


* Zenith American Solutions is an Equal Opportunity Employer. Zenith does not discriminate on the basis of race, religion, color, sex, physical or mental disability, gender identity, sexual orientation, age, national origin, pregnancy, status as a parent, veteran status or any other basis covered by appropriate law. All employment decisions on the basis of qualifications, merit, and business need.



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