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Senior Retirement Analyst
 
JOB CODE:100700
 
PAY GRADE:2240
 
SALARY RANGE:$44,440 - $61,515
 
LOCATION OF WORK
Retirement Department
 
GENERAL DESCRIPTION
Under the direction of an employee of a higher classification, performs highly specialized professional benefits analysis work within the City-Parish Employees' Retirement System. Work involves performing highly complex tasks requiring an extensive detailed knowledge of local, state and federal laws pertaining to Retirement Analyst work. Employees are responsible for providing guidance and assistance in the technical aspects of the work to lower level analysts. Work is performed in accordance with established policies, rules and regulations and requires independent judgment. Work is reviewed through conferences and for results obtained. Indirect supervision may be exercised over professional, paraprofessional or clerical/fiscal personnel through the inspection of completed work. Employees of this classification are distinguished from Retirement Analyst by a greater level of experience, as well as a greater degree of authority and responsibility exercised. Performs other work as requested.
 
ESSENTIAL WORK TASKS
Checks and audits work of less experienced analysts prior to member benefits/records being finalized. Performs complex tasks in particular areas of retirement processing such as compliance with Guarantee of Benefits contract, requiring knowledge of Municipal Police Employees' Retirement System rules and regulations; federal military and Social Security Administration laws; may involve interaction with the member's financial advisor. Conducts informative training sessions to enlighten new hires and existing employees who are entering or exiting the Retirement System DROP, of specific benefits and provisions; may represent the Employee's Retirement System at public meetings. Counsels members extensively with retirement and tax planning advice in the office and in the field. Explains to entry level employees and members regular, deferred and disability retirement eligibility and computation of survivor benefits; DROP distribution methods and effects of beneficiary designations in accordance with board policy and local, state and federal laws; may involve interaction with the member's attorney. Audits member records to determine eligibility for retirement or repurchase of prior service, as well as for survivor, disability or minor child benefits. Calculates retirement benefits and estimates, deposits to and disbursements from member DROP accounts, and any adjustments due to changes in outside earnings or age. Confers with individual members, administrative officials, attorneys, workers' compensation companies, federal agencies, deferred compensation plan representatives, other retirement systems and diversified employer groups concerning member retirement accounts, earnings, leave balances, proper reporting procedures, corrections of errors, purchase of military service and other service credits or adjustments. Answers questions explaining the provisions of the City-Parish Employees' Retirement System and Municipal Police Employees Retirement System laws as they relate to the Guarantee of Benefits contract, DROP contracts, state and federal rules and regulations, and the method of computation to determine eligibility and retirement allowances. Coordinates CPERS retirement benefits with Deferred Compensation Plans, the Municipal Police Employees' Retirement System, the Guarantee of Benefits contract, various workers' compensation agencies, the Social Security Administration, and multiple employer payroll systems, each with different rules and regulations. Prepares monthly Benefits Report for use by Retirement Board of Trustees; provides supplementary information to the Board of Trustees at the monthly Board Meeting. Verifies all data used to create the monthly City-Parish Retirement System and Police Guarantee Trust Benefits and DROP Notification Reports. Indirectly supervises entry-level retirement personnel.
 
KNOWLEDGE, SKILLS, AND ABILITIES
Knowledge of modern office practices, procedures, and the maintenance of official records using computerized equipment. Knowledge of basic HIPPA laws, the principles and practices of retirement systems and/or defined benefit plans and basic understanding of legal documents and actuarial computations and tables. Knowledge of federal payroll regulations and medical and life insurance benefits to establish deductions for retiree payrolls. Knowledge of accounting and bookkeeping principles applied to the maintenance of fiscal and retirement records. Ability to understand, interpret, explain and apply policies, procedures and regulations. Ability to express ideas clearly and concisely, orally and in writing, to individuals, administrative officials, and groups. Ability to work effectively with other employees, the public and external companies and attorneys. Ability to oversee the work of lower level personnel. Ability to make complex and varied mathematical computations and tabulations accurately. Ability to operate computerized equipment. Ability to apply good work habits such as punctuality, reliability, preciseness, and dependability in order to effectively complete assigned tasks and contribute to the smooth operation of the department and division.
 
MINIMUM REQUIREMENTS
EDUCATIONAL AND EXPERIENCE
Bachelor's degree with at least twenty-four semester hours of a university curriculum in business administration or a related field, and three years professional level experience in the analytical administration of retirement benefits.
 
SUBSTITUTIONS
None.
 
CERTIFICATIONS/LICENSES
None.
 
OTHER JOB ASPECTS
None.
 
NOTE:
The work examples described in this specification are intended only as an illustration of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from job performance requirements if the work is similar, related or a logical assignment to the job.