Benefit Calculation Analyst- Disbursements

The Massachusetts Office of the State Treasurer and Receiver General requires staff to have received COVID-19 vaccination as a condition of employment. To be considered fully vaccinated, individuals must have received two doses of the approved Pfizer/Moderna COVID-19 vaccine or single dose of the Johnson & Johnson COVID-19 vaccine. Finalists will be given details about how to demonstrate receipt of vaccination.

About the Office of the Massachusetts State Treasurer and Receiver General (“Treasury”)

Our mission is to manage and safeguard the State's public deposits and investments through sound business practices for the exclusive benefits of our citizens, and perform these duties with integrity, excellence, and leadership. Additionally, we strive to provide economic opportunity, stability, and security for every Massachusetts resident.

We are committed to excellence in recruiting, hiring, and retaining diverse and qualified individuals. We value the culture of diversity and professionalism in the workplace, and strongly believe that our workforce should reflect our community.

https://www.surveymonkey.com/r/FM68GFV

PURPOSE OF THE POSITION

The Massachusetts State Retirement Board (MSRB) administers a defined benefit retirement plan for eligible employees and retirees of the Commonwealth and certain independent entities.

The Benefit Calculation Analyst for Disbursements counsels and provides educational support to members of the State Employees’ Retirement System (“MSERS”) regarding all aspects of available benefits. The Analyst is responsible for the entry, processing, and approval of a range of transactions related to the disbursement of member accounts. These transactions include but are not limited to refunds and rollovers of member contributions, and transfers to other Massachusetts public employee retirement systems.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

• Counsel and provide educational support to members of the State Employees’ Retirement System regarding all aspects of available benefits and related transactions
• Accurately review and process a high volume of disbursement applications to conclusion on a timely basis, and properly apply plan rules and regulations
• Analyze, research and input data necessary to properly calculate and determine members’ creditable service, salaries and related information

• Respond promptly and accurately to all internal and external member requests in a professional and service friendly manner.
• Actively remain current with changes to plan rules and possess ability to explain provisions to members.

• Ensure high quality and quantity of work within established deadlines.
• Analyze, research and input data necessary to properly calculate and determine members’ creditable service, salaries and related information.
• Develop proficiency with MARIS (benefit application software), OnBase ECM (document scanning) System and demonstrate ability to integrate with daily responsibilities
• Adhere to Treasury and Board human resource and operational policies.

• Develop skill necessary to understand plan rules related to creditable service, refund / rollover requests, and related benefits;

OTHER DUTIES AND RESPONSIBILITIES

• Assist other Retirement Board departments as necessary

SUPERVISORY RESPONSIBILTIES

• N/A

KNOWLEDGE AND SKILLS

• Excellent communication, inter-personal and organizational skills are required.
• Experience in the field of Massachusetts public employee retirement benefits or comparable field, that includes benefit calculations, disbursements, payroll administration, and/or human resources.
• Associate degree or higher in relevant field of study such as business, math, finance, actuarial science, or related field, or equivalent education / experience
• Knowledge of retirement industry in general and related benefits
• Strong math skills
• Ability to develop detailed knowledge of plan rules under M.G.L. c.32
• Ability to manage high volume caseload and member interactions against established operational deadlines
• Ability to work flexible schedule
• Currently proficient in Microsoft Word, Excel, Windows
• Familiarity or prior experience working with electronic document management systems

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Job Type: Full-time

Pay: $44,000.00 - $54,000.00 per year

Benefits:

• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Retirement plan
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: One location