Chicago, IL, 60684, USA
27 days ago
Pension Outsourcing Benefits Associate
**Description** Explore this exciting opportunity with one of the leaders in the defined benefit outsourcing business! In your role as a Pension Associate in our Pension Outsourcing team, you will perform a wide variety of recurring defined benefit plan administration services for clients, contribute to special projects, and provide ad hoc client support services. You will serve as the day-to-day project manager for specific work streams, contributing to client management and special projects, while also mentoring less experienced associates. **The Role** As a Pension Associate, you will be making a valuable contribution every day to our high-profile client organizations. As a Pension Associate you will: + Prepare moderately complex benefit calculations and trust instructions + Identify and resolve data issues as they arise + Perform technical review for pension calculations, correspondence and payment entry/trust instructions + Interpret and draft moderately complex administration procedures and documentation + Respond to and resolve more complex plan provision questions and issues raised by less experienced Analysts + Reconcile trustee payments and review payment entry in pension system and/or trustee system + Review work product: benefit packages, data and system updates, calculator output and updates + Create internal administration processes for clients if one does not exist + Follow and update documentation materials as directed + Employ Willis Towers Watson’s Professional Excellence tools and concepts to ensure efficient and quality output/service delivery + Adhere to plan documents and government regulations in administering plans + Manage and coach team to ensure progress against established budgets, improve efficiency, and meet timelines and quality standards + Serve as primary, daily contact to clients on delivery of services and raise issues as appropriate + Deliver on projects to meet or exceed client expectations + Develop, train and provide feedback to team members **Qualifications** + Bachelor’s degree in actuarial, math, economics, finance, or prior benefits administration experience required + 3 – 7 years of defined benefit plan administration + Relevant manual calculation experience + Strong knowledge of the fundamentals of defined benefit plan design + Excellent analytical and problem-solving skills + Technical expertise + Solid expertise in Microsoft Excel and Word (i.e. pivot tables and lookup functions) + Exceptional attention to detail + Professional, client-focused approach to colleagues and assignments + Seeks out experiences that may change perspective or provide an opportunity to learn new things + Strong oral and written communication skills + Ability to organize, set priorities, work independently and complete multiple projects within established deadlines Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified. **Compensation** The base salary compensation range being offered for this role is $57,000.00 to $70,000.00 USD per year. This role is also eligible for an annual short-term incentive bonus. **Company Benefits** WTW provides a competitive benefit package which includes the following (eligibility requirements apply): + **Health and Welfare Benefits:** Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program) + **Leave Benefits:** Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf) ( _Washington State only_ ) + **Retirement Benefits:** Contributory Pension Plan and Savings Plan (401k). **The position allows for flexible working:** At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution. We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more. Equal Opportunity Employer/Vet/Disability (https://cdn-static.findly.com/wp-content/uploads/sites/478/2019/03/Equal-Opportunity-is-the-Law-Poster-Supplement.pdf)
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