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Pension Specialist II (hybrid/Norwalk, CT)
- AON (Norwalk, CT)
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Do you like applying your critical thinking and analytical skills to tackle problems and help clients? Are you interested in making a difference in someone’s life and enjoy working with others? We would love to have you join our outstanding team!
The Pension Specialist II role is a hybrid role with the flexibility to work both virtually and from our Norwalk, CT office.
The salary range for this position (intended for U.S. applicants) is $68,000-$73,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
As a Pension Administration Specialist II, you will provide defined benefit calculation and consulting services directly to clients. You will make an impact in others’ lives by working with our client’s employees to help them understand their pension plans and to meet their retirement goals.
Daily Responsibilities:
+ Perform first and second checks of benefit calculations.
+ Perform manual intervention, including manual calculations, data cleanup, and communication statement updates, as needed to ensure the accuracy of calculations.
+ Ensure accuracy and quality of system-generated calculations and communication statements by applying Defined Benefit concepts and specific client knowledge to individual calculations.
+ Monitor calculation status for the team.
+ Act as a resource for the team (and consults with PM as necessary) on topics such as: age 70½ minimum distribution rules, Schedule SSA (and other governmental) filings, pay limits, post-65 accrual rules, suspension of benefits rules, taxation of benefits, QPSA rules, and QJSA rules
+ Monitor “on hold” calculations to ensure timely follow-up and completion.
+ Provide accurate consulting to participants on pension-related issues, such as plan provisions, calculation questions, payment elections, and administrative processes.
+ Provides timely follow-up on voicemails, calculations, and other issues.
Skills and experience that will lead to success
+ Undergraduate degree or equivalent years of industry experience.
+ Proficient understanding of Defined Benefit principles and legislation.
+ Thorough understanding of clients’ pension plan provisions, data, and DBCalc/PenProPlus system
+ Strong command of DBCalc tools (DBCalc, DBAdmin, YPR and CalcsLog) PenProPlus tools (PenProPlus, Workflow, CRTS and Employee Self-Service).
+ Understands and uses Excel and Access tools.
+ Bilingual language skills- a plus, but not required.
How we support our colleagues
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance p rogram that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [email protected]
For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
#LI-YT1#LI-HYBRID
2560461
Do you like applying your critical thinking and analytical skills to tackle problems and help clients? Are you interested in making a difference in someone’s life and enjoy working with others? We would love to have you join our outstanding team!
The Pension Specialist II role is a hybrid role with the flexibility to work both virtually and from our Norwalk, CT office.
The salary range for this position (intended for U.S. applicants) is $68,000-$73,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
As a Pension Administration Specialist II, you will provide defined benefit calculation and consulting services directly to clients. You will make an impact in others’ lives by working with our client’s employees to help them understand their pension plans and to meet their retirement goals.
Daily Responsibilities:
+ Perform first and second checks of benefit calculations.
+ Perform manual intervention, including manual calculations, data cleanup, and communication statement updates, as needed to ensure the accuracy of calculations.
+ Ensure accuracy and quality of system-generated calculations and communication statements by applying Defined Benefit concepts and specific client knowledge to individual calculations.
+ Monitor calculation status for the team.
+ Act as a resource for the team (and consults with PM as necessary) on topics such as: age 70½ minimum distribution rules, Schedule SSA (and other governmental) filings, pay limits, post-65 accrual rules, suspension of benefits rules, taxation of benefits, QPSA rules, and QJSA rules
+ Monitor “on hold” calculations to ensure timely follow-up and completion.
+ Provide accurate consulting to participants on pension-related issues, such as plan provisions, calculation questions, payment elections, and administrative processes.
+ Provides timely follow-up on voicemails, calculations, and other issues.
Skills and experience that will lead to success
+ Undergraduate degree or equivalent years of industry experience.
+ Proficient understanding of Defined Benefit principles and legislation.
+ Thorough understanding of clients’ pension plan provisions, data, and DBCalc/PenProPlus system
+ Strong command of DBCalc tools (DBCalc, DBAdmin, YPR and CalcsLog) PenProPlus tools (PenProPlus, Workflow, CRTS and Employee Self-Service).
+ Understands and uses Excel and Access tools.
+ Bilingual language skills- a plus, but not required.
How we support our colleagues
Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance p rogram that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [email protected]
For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
#LI-YT1#LI-HYBRID
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