Retirement Analyst Iii (Hr Analyst Iii) - Repost

Salary: $59,372.00 - $101,000.00 Annually
Location : Largo, MD
Job Type: Fulltime/Permanent/Classified
Job Number: 07475
Department: Office of Human Resources Mgmt
Division: HR Retirement Services
Opening Date: 12/27/2023
Closing Date: 1/5/2024 5:00 PM Eastern
Nature and Variety of Work
Special Notice: This is a REPOST -- Previous applicants do not need to re-apply for this position.
Bilingual Applicants Encouraged to Apply
Are you ready to make a significant impact on the work environment of Prince George's County Government employees? Join our dynamic team at the Office of Human Resources Management (OHRM) and play a key role in improving and streamlining our processes and procedures.
Position Overview: We are currently seeking two highly qualified individuals to fill the role of Retirement Analyst III (HR Analyst III), Grade 24within the Retirement Services Division at the Prince George's County Government Office of Human Resources Management. As a senior-level professional lead, you will be entrusted with the responsibility of interpreting statutes, regulations, and policies related to the Prince George's County Employees Pension Plan.
Key Responsibilities:

• Provide expert-level support for the Pension Administration System (PensionGold) and the Human Resources Information System (SAP).
• Lead or assist with the annual audit, actuarial census data collection, and reconciliation.
• Calculate benefit estimates, new retiree benefits, vested benefits, transport of service, and other complex retirement benefits service credit.
• Prepare and follow up on requests and correspondence regarding benefit estimates and new retiree benefits.
• Handle complex service credit matters such as military service credit and purchased credit.
• Oversee the administration and coordination of the Maryland State Retirement and Pension System.

Examples of Work
Responsibilities:
Benefit Counseling:

• Counsel employees and beneficiaries on various benefit options, including service retirement, disability and death benefits, deferral of benefits, withdrawals, and reciprocal provisions.
• Ensure that members are guided towards the best benefit options considering system requirements.

Data Analysis and System Testing:

• Perform in-depth analysis of pension plan data to identify irregularities and discrepancies.
• Conduct user acceptance testing prior to the implementation of system improvements.

Communication and Outreach:

• Assist in the development of a comprehensive communication and outreach plan aimed at enhancing plan member engagement.
• Deliver presentations to groups of members to explain plan benefits and provide pre-retirement benefit information.
• Present relevant plan information during new employee orientation and pre-retirement seminars.

Benefit Calculation and Compliance:

• Understand and apply pension benefit rules and regulations to calculate benefits for multiple defined benefit pension plans.
• Interpret pension plan provisions and perform various types of pension plan calculations.
• Review participant data and calculate benefits in accordance with plan documents.
• Utilize research, analytical, and problem-solving skills to develop benefit solutions, including Corrective Action Plans.

Payroll Management and Verification:

• Process qualified recipients onto retirement payroll and appropriately remove recipients following death or other disqualifications for benefit payments.
• Calculate and verify retirement, disability, death, and deferred benefits and refunds.
• Maintain and verify active and retired member retirement accounts, including member status, employee contributions, rate schedules, interest rates, and service factors. Verify eligibility and calculate contribution rate changes.

Regulatory Compliance and Reporting:

• Submit bi-weekly payroll files to the Maryland State Retirement Agency.
• Coordinate reciprocal benefits with other retirement systems.
• Prepare a variety of information, records, reports, and correspondence, ensuring compliance with various benefit laws, rules, and regulations.
• Process detailed and technical forms and files in accordance with benefit regulations.

Team Collaboration:

• Effectively communicate findings and questions to team members and team lead.
• Work independently or collaboratively with others to achieve departmental goals.

Qualifications
Minimum Qualifications:

1. Bachelor's degree from an accredited college or university in Business Administration, Human Resources, or a closely related field; in addition to,
   
2. Two (2) years of professional-level experience focused on pension plan data, administration of defined benefit plans, manual calculations, and determining participant eligibility based on Pension Plan Summary Plan Descriptions (SPDs) and Rules and Regulations.

Substitution:
Additional experience, as described above, may be considered as a substitute for the required education on a year-for-year basis. Thirty (30) semester units or forty-five (45) quarter units equate to one year of experience.
Notes:

1. All applicants must meet the minimum qualifications by the final filing date unless otherwise specified.
   
2. One (1) year of full-time experience corresponds to 2000 hours (based on a 40-hour work week). Overtime hours worked beyond forty (40) hours per week are not included in the calculation of full-time experience.
   
3. EACH APPLICANT MUST PROVIDE CLEAR AND DETAILED INFORMATION DEMONSTRATING THEIR QUALIFICATIONS FOR THIS POSITION.

Additional Information
REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES:

• Practical experience in pension benefits administration is a must.
• Knowledge of determining participant eligibility across multiple Pension Funds is a valuable asset.
• Strong attention to detail and meticulousness.
• Excellent interpersonal skills, with the ability to work autonomously and collaboratively to achieve objectives.
• Demonstrated aptitude for analytical thinking, discretion, and independent judgment.
• Organized, self-motivated, and capable of achieving objectives with minimal supervision.
• Proficiency in problem-solving, data collection, and providing effective solutions.
• Capability to manually calculate and verify annuity payments; emphasis on precision, time management, and follow-through.
• Familiarity with at least one complex human resources information system (HRIS) and payroll computer-based system, preferably the SAP HR Management System.
• Proficiency in oral and written presentation communication.

PREFERRED QUALIFICATIONS:

• Certification in Employee Benefits (e.g., CEBS, CBP) or an equivalent preferred certification.
• Senior Professional Human Resources Certification (SPHR-CP/SPHR-SCP) or equivalent.
• Advanced proficiency in Microsoft Excel.
• Previous involvement in project implementation and process improvement.
• Commitment to obtaining Maryland State Retirement Coordinator Certification within the first year of employment.

APPLICATION PROCEDURE:
A. Applicants must complete the online application. Ensure all elements, including resume and supplemental questions, are submitted for the application to be considered complete.
B. Attach the following to complete the application process:

1. Current comprehensive resume.

Note: The resume complements, but does not replace, the "Work Experience" section of the application. Incomplete applications will be rejected if work experience is absent or if other required fields are incomplete.
Ensure all necessary application materials are correctly uploaded. Only complete applications will be sent to the selection committee for review.
DURATION OF ELIGIBILITY: Candidates will be selected from a temporary register of eligible applicants, effective approximately four (4) weeks post-closing date. The register will expire upon selection.
ELIGIBILITY TO WORK: As per the Immigration Reform and Control Act of 1986, the employer is mandated to hire U.S. citizens and lawfully authorized alien workers. Selected applicants will need to verify authorization to work in the United States.
CLOSING DATE: ONLY ONLINE APPLICATIONS WILL BE ACCEPTED. Submit by the deadline specified.
Prince George's County Government is an Equal Opportunity/Affirmative Action Employer Committed to Diversity in the Workplace.
General Plan Information:
The Prince George's County benefits plan year is from January 1 to December 31.
A spouse (to include a same sex spouse) can be added to the health benefit plans. A marriage certificate and social security number is required to add a spouse.
Children under the age of 26 are eligible for coverage under the health benefit plans. This includes stepchildren and children of the same-sex spouse. A birth certificate(s) and social security number(s) is required to add a child(ren). If you are only adding the stepchildren or child(ren) of a same-sex spouse, you will need to submit a marriage certificate. You will also need to submit the birth certificate of the child(ren) and your spouse must be listed as a parent.
The premiums for health benefits are deducted on a pre-tax basis with the exception of Long-Term Disability, Extra Life Insurance and Voluntary Benefits (Short-Term Disability, Whole Life Insurance, Critical Illness, Accident Insurance, Cancer Indemnity, Hospital Indemnity Protection, Accident Indemnity Plan, Supplemental Dental and Group Legal Services).
New employees must enroll in the County's health benefit plans within thirty (30) days of the hire date.
The effective date of the health benefits coverage is the beginning of the month following a waiting period of forty-five (45) days from the date of hire.
After enrolling in the County's benefit plans, employees may only make changes to the plans either during the open enrollment period, which occurs annually (usually each October), and/or during the year, due to a family status change (i.e., marriage, births, divorce and adoption).
Employee Benefits
Prince George's County is proud to offer employees an attractive and comprehensive benefits program, including the following:

• Medical/Prescription/Dental/Vision Insurance Coverage (part time employees are eligible for medical insurance if they work 15 + hours, per week)
• Group Term Life Insurance
• Long & Short-Term Disability
• Flexible Spending Accounts
  • Dependent Care Assistance Program
  • Health Care Flexible Spending Account

Paid Leave (Annual, Personal, & Sick)

13 Paid Holidays

Retirement Benefits

• Defined Benefit Pension Plan
  • Employer Contribution Rate-11.71%
• Supplemental Pension Plan
  • Employee Contribution Rate (Pre-Tax)-3.48%
• 457(b)
• 403(b)

Employee Discounts

Employee Assistance Program

Voluntary Benefits

• Critical Illness
• Whole Life Insurance
• Accident Insurance
• Legal Services

For additional details, please visit:
01
I acknowledge and understand that the responses to the supplemental questions must reflect the information provided under the "Work Experience" section of the application. My responses will be used to determine whether or not I possess the minimum qualifications required for the position.

• Yes
• No

02
Have you attached the required resume?

• Yes
• No

03
What is your highest level of completed education?

• High School
• Associates Degree
• Bachelor's Degree or higher

04
What is your major field of study?

• Business Administration
• Public Administration
• Human Resources Management
• Other Related Field
• Not Applicable

05
If you answered "Other Related Field" to the previous question, please provide your field of study. If this question does not apply to you, please write "N/A".
06
Do you have two (2) years of professional-level administrative and technical work experience in employee pension plan administration?

• Yes
• No

07
If you answered "Yes" to the previous question, briefly describe your experience. List the employer's name and the dates of employment where your experience was obtained. Do Not Respond With "See Resume". If this question does not apply to you, please write "N/A".
08
Do you have two (2) or more years of professional-level work experience in any of the following areas. Select all the apply.

• Performing Pension Plan Data Analysis and Identify Irregularities
• Working on Defined Benefit Plan Administration
• Performing Manual Pension Plan Calculations
• Determining Participant Eligibility Based on Pension Plan Summary Plan Descriptions andRules
• Speaking Before Groups of Members to Explain Plan Benefits and Provide RetirementInformation
• Interpreting Pension Plan Provisions and Performing all Types of Pension Plan Calculations
• Applies Research and Uses Analytical and Problem-Solving Skills to Develop BenefitSolutions
• Not Applicable

09
If you selected any option listed in the previous question, describe your work experience. List the employer's name and the dates of employment where your experience was obtained. Do Not Respond With "See Resume". If this question does not apply to you, please write "N/A".
10
Select the one box that best describes your experience and level of respon...