Senior Specialist, Pension Administration

About the role

Marsh is hiring a Pension Administration Senior Specialist in Chicago to join its Calculations and Special Projects team within Business and Client Services. The role leads special pension administration projects, including acting as data manager for plan termination projects, and assists with pension calculations and the review of plan documents and calculation tools.

Key responsibilities

• Act as primary contact with clients and Marsh consultants, meeting client expectations with professionalism and a sense of urgency.
• As Project Manager, lead pension calculation, data and risk transfer projects and coordinate with clients, administration and processing teams.
• Manage special projects so they stay within budget and the client agreement, and flag out-of-scope work.
• As data manager, identify critical data elements for cleanup and plan termination projects, develop data requests, draft database specifications and mappings, track data corrections and reconcile populations.
• Calculate and review qualified and non-qualified benefits, including QDROs, 409A, employee contributions, late retirement increases and RMDs.
• Stay current on government regulations and IRS Code, and maintain calculation checkers in Excel or an access-based tool.

Required profile

• Bachelor's degree preferred.
• 5-7 years of experience in defined benefit administration.
• Prior experience with project management and client relationship management.
• Excellent problem-solving, analytical and communication skills, and the ability to handle difficult client situations.

Required skills

• Strong proficiency with MS Excel and Word; MS Access proficiency desired.
• Project management skills, able to work on multiple projects at once and prioritize effectively.

What we offer

• Base salary range of $74,000 to $148,000, depending on experience, skills, location and other factors.
• Health and welfare benefits, tuition assistance, 401K and other retirement programs, and employee assistance programs.
• Growth opportunities and a collaborative, solutions-focused team.