Rockville, Maryland, Description

The Retirement Business Analyst position is responsible for day-to-day administration of the Association’s defined benefit (DB) (cash balance plan), 457 plan and defined contribution (DC) (401(k)) retirement plans.

Responsibilities

Responsible for the day-to-day administration of the retirement plans, including contribution/funding and distribution reconciliations, analyzing and ensuring plan design according to the Plan document

Monitor, document, communicate and ensure the legal and regulatory compliance and requirements of the defined benefit plan (including cash balance feature), defined contribution plans, and 457b plan.

Design and execute retirement planning education curriculum for retirement benefit orientation meetings and retirement education sessions for staff

Maintain internal accounting and pension control schedules

Participate in annual pension and financial audits

Serve as a primary resource to design, prepare, and deliver key management reports

Assist in the development and communication of guidelines, timelines and resources to support the association’s budget processes

Perform and complete other projects assigned to meet business needs including ad hoc and routine reports and analysis to internal and external stakeholders

Qualifications

Knowledge and skills typically acquired through:

Bachelor’s degree in Accounting, Finance, or related business degree required

5-8 years of relevant business experience

At least 2 -5 years of experience with defined benefit (cash balance plan experience preferred) and defined contribution pension administration, and 457b plan

Certified Employee Benefit Specialist (CEBS)-Retirement Plans Associate (RPA) a plus

• Skills

Familiarity with ERISA, DOL regulations and GAAP guidelines

Comprehensive knowledge of the principles of accounting and budgeting

Demonstrated ability to understand the Internal Revenue Code (IRC) and how it applies to pension plans

Demonstrated ability to collect and analyze data from a variety of sources to inform decision-making

Demonstrated knowledge and experience with automated financial accounting systems

Excellent oral and written communication skills, and strong customer service skills

Exceptional organizational skills; effective in prioritizing work and following through on commitments, including effective project management skills

Strong mathematical, problem-solving, and analytical skills

MS Office skills - Outlook, Word, Excel and PowerPoint at an advanced level

  Salary Range (Non-Negotiable): $114,754 - $127,504