Pension Risk Transfer (PRT) for Jersey City, NJ - Hybrid

Hi,

My name is Rohit Chauhan, and I am a Staffing Specialist at Novia Infotech LLC. I am reaching out to you on an exciting job opportunity with one of our clients.

Job Title: Pension Risk Transfer (PRT) Benefits & Implementation Associate
Location: Jersey City, NJ - Hybrid
Local Requirement: Candidates must reside within a 50-mile radius of Jersey City, NJ.

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Position Overview

We are seeking a detail-oriented and analytical Pension Risk Transfer (PRT) Benefits & Implementation Associate to support the implementation, administration, and maintenance of Group Annuity Contracts within our Pension Risk Transfer (PRT) business.

The ideal candidate will possess experience in Pension Administration, Retirement Benefits, Financial Operations, Actuarial Support, or Data Analysis. This individual will work closely with actuarial, operations, technology, and client service teams to analyze participant data, perform retirement benefit calculations, support contract implementations, and ensure accurate administration of retirement benefits.

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Key Responsibilities

Data Analysis & Reconciliation

• Analyze, validate, reconcile, and maintain large participant datasets across actuarial, pricing, policy, and administrative systems.
• Perform data validation and reconciliation to ensure accuracy, completeness, and consistency.
• Identify and investigate data discrepancies and recommend corrective actions.
• Support data conversion, migration, and implementation activities for Pension Risk Transfer projects.
• Generate reports and maintain data quality throughout implementation lifecycles.

Benefit Calculations & Pension Administration

• Perform and validate complex retirement benefit calculations, including:
• Lump Sum Calculations
• Qualified Domestic Relations Order (QDRO) Benefit Splits
• Benefit Illustrations
• Census-Based Premium Adjustments
• Review retirement calculations to ensure compliance with plan provisions and contract requirements.
• Support participant setup, maintenance, and ongoing pension administration activities.
• Ensure timely and accurate processing of retirement benefit transactions.

Contract Interpretation & Implementation

• Interpret Group Annuity Contract provisions and accurately apply contractual terms to benefit calculations and administrative processes.
• Support installation, implementation, and conversion of Group Annuity Contracts.
• Collaborate with actuarial, operations, IT, and implementation teams throughout project lifecycles.
• Assist with implementation documentation, configuration validation, and business requirement reviews.

Client & Operational Support

• Participate in internal and client implementation meetings.
• Support participant inquiries related to retirement benefits and pension administration.
• Assist with claims processing, death benefit administration, and operational issue resolution.
• Deliver exceptional client and participant service through timely and accurate execution.

Testing & Process Improvement

• Participate in Quality Assurance (QA), User Acceptance Testing (UAT), and system validation activities.
• Validate implementation deliverables and system enhancements.
• Identify opportunities to improve business processes and operational efficiency.
• Document business procedures, testing results, and implementation activities.

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Required Qualifications

• Bachelor's Degree in one of the following:
• Mathematics
• Statistics
• Finance
• Economics
• Actuarial Science
• Business Analytics
• Computer Science
• Related quantitative discipline
• Minimum 2+ years of experience in one or more of the following:
• Pension Administration
• Pension Risk Transfer (PRT)
• Retirement Benefits Administration
• Financial Operations
• Actuarial Support
• Retirement Services
• Data Analysis
• Strong analytical and quantitative problem-solving skills.
• Advanced proficiency in Microsoft Excel.
• Experience performing:
• Data Analysis
• Data Reconciliation
• Data Validation
• Reporting
• Excellent verbal and written communication skills.
• Ability to explain complex calculations and analytical findings to technical and non-technical stakeholders.
• Ability to manage multiple priorities while working independently and collaboratively.

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Preferred Qualifications

• Experience with:
• Pension Plans
• Defined Benefit Plans
• Retirement Benefits Administration
• Pension Risk Transfer (PRT)
• Group Annuity Contracts
• Knowledge of retirement benefit processing and actuarial calculations.
• Experience supporting large-scale pension implementations or data migration projects.
• Familiarity with:
• SQL
• Python
• Data Analytics Tools
• Reporting Platforms
• Experience within financial services, insurance, or retirement administration organizations.

 

 

Rohit Chauhan IT Recruiter E: rohit.c@noviainfotech.com www.noviainfotech.com A: 4421 Avenida Ln, McKinney, TX, 75070

 

 

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