Defined Benefit Operations Coordinator

1 week ago


Cedar Rapids, Iowa, United States Transamerica Full time
Job Description

Job Summary:

We are seeking a highly skilled Defined Benefit Operations Specialist to join our team at Transamerica. As a key member of our Defined Benefit Operations team, you will be responsible for facilitating various processes, including payment processing, death processing, payment verifications, beneficiary forms, data analysis, data entry, and email review.

Key Responsibilities:

  • Process DB benefit payments using basic knowledge of ERISA, taxation, accounting, and operational processes.
  • Execute changes to DB payments, contact information, taxes, EFT detail, beneficiaries, etc. per participant or client request.
  • Review payment-related forms to determine if in good order, and process based on knowledge of applicable rules and regulations.
  • Provide technical assistance to internal partners, including Client Consultants, Call Center Team, and the Project Team.

Requirements:

  • Bachelor's degree in a business or finance field, or equivalent education/experience.
  • Strong math and statistical skills.
  • Good verbal and written communication skills.
  • Strong organizational and prioritization skills.
  • Proficiency using MS Word, Excel.
  • Preferred qualifications: experience in the financial, insurance, or retirement industry, defined benefit pension knowledge, and basic understanding of computer programming.

What We Offer:

  • Competitive pay.
  • Annual bonus based on the Company Bonus Plan/Individual Performance.
  • Comprehensive benefits package, including pension plan, 401k match, employee stock purchase plan, tuition reimbursement, disability insurance, medical insurance, dental insurance, vision insurance, employee discounts, career training & development opportunities, health and work/life balance benefits.

Why Join Us:

At Transamerica, we believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through various awards and listings. We offer a wide range of diversity and inclusion programs, including employee-driven Employee Resource Groups (ERGs), which provide a supportive environment to appreciate our similarities and differences.

We also believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through financial grants and volunteer efforts, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.



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