Assistant Analyst Jobs in Ridgewood, NY (NOW HIRING)

Job Code
424

Department Name
Retirement Services

Reports To
Supervisor, Retirement Services Operations

FLSA Status
Non Exempt

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Plus $1,200 annually for bilingual fluency

Union Code
53A

Management
No

About Us:

Building Services 32BJ Benefit Funds (“the Funds”) is the umbrella organization responsible for administering Health, Pension, Retirement Savings, Training, and Legal Services benefits to over 185,000 SEIU 32BJ members. Our mission is to make significant contributions to the lives of our members by providing high quality benefits and services. Through our commitment, we embody five core values: Flexibility, Initiative, Respect, Sustainability, and Teamwork (FIRST). By following our core values, employees are open to different and new ways of doing things, take active steps to improve the organization, create an environment of trust and respect, approach their work with the intent of a positive outcome, and work collaboratively with colleagues.

The Funds oversees and manages $9 billion of dollars in assets, which are made up of many, varied and complex funds. The dollars come from a number of sources, including the property owners who pay into the funds on behalf of their employees, and as such, requires those who oversee and manage the money to be highly skilled financial management people.

32BJ Benefit Funds will continue to drive innovation, equity, and technology insights to further help the lives of our hard-working members and their families. We use cutting edge technology such as: M365, Dynamics 365 CRM, Dynamics 365 F&O, Azure, AWS, SQL, Snowflake, QlikView, and more.

Please take a moment to watch our video to learn more about our culture and contributions to our members: youtu.be/hYNdMGLn19A

Job Summary:

Under the supervision of the Supervisor, Retirement Services Operations, the Assistant Analyst is responsible for processing pension administration transactions for retired members of various pension plans. Responsibilities also include determining pension eligibility and processing pension applications in compliance with Plan documents and the law.

Essential Duties and Responsibilities:

1. Calculate pension benefits for new retirees and estimated projected benefits for future retirees.

1. Analyze and process pension applications for completeness and accuracy; draft follow-up correspondence as needed.

1. Perform banking transactions, including but not limited to pension check stop/reissues and voids.

1. Work with third party vendors to collect data on deceased pensioners, update system accordingly with findings, and process bank reclaims for overpaid benefits.

1. Track pension overpayments on a plan-by-plan basis and enforce overpayment recoupment policies.

1. Reinstate suspended pensioner accounts after validating documentation as per plan rules.

1. Validate work history and prior service records to calculate pension service credits.

1. Perform data entry.

1. Complete standardized written member communications.

1. Assist Retirement Analysts and CARE Counselors as needed with administrative and analytical pension calculations.

1. Special projects as assigned by management.

Qualifications (Competencies):

Soft Skills (Interpersonal Skills):

Education:

College graduate with Accounting or Math related degree or equivalent work experience.

Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions. 

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.