Pension Administrator is responsible for the administration of retirement plans. Maintains plan records and ensures compliance with federal regulations. Being a Pension Administrator communicates with customers and assists with plan design and benefit distributions. Requires a bachelor's degree. Additionally, Pension Administrator typically reports to a manager. The Pension Administrator gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Pension Administrator typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
Job Description: Staff Accountant II – Pension Accounting
Reports to: Accounting Supervisor
Position Summary
In most organizations Accountants are behind the scenes running the numbers. In our organization, the Pension Accounting team is on the front lines of taking care of our Participants and their retirement. Being a member of the Team means you have the dynamic combination of a passion to deliver quality service, with a knack for accurate accounting. There is no compromise for quality of work and no negotiations when it comes to delivering the best-in-class service to the esteemed retirees that we serve at the United Association National Pension Fund (UANPF).
The United Association National Pension Fund (UANPF) is a multi-employer defined benefit pension fund established over 50 years ago. We are responsible for administering the retirement benefits nationwide for over 160,000 hardworking members of the United Association National Pension Fund and their families.
In the role of Pension Accountant, you will perform professional accounting work in the recording and reporting of pension benefit payments, and update pensioner and beneficiary records accordingly. As the Pension Accountant, you will ensure accurate accounting records are maintained for Fund disbursements.
Your duties will include performing a variety of complex clerical, data entry and accounting tasks, all in accordance with GAAP standards. You will be responsible for the maintenance of all Pension Accounting records, and preparing financial, statistical and technical reports. Most critically, as Pension Accountant, you will become the liaison for the Pensioners and Beneficiaries to ensure that no question or concern regarding the payment of their pension benefit is left unanswered.
If you are ready to be a part of something bigger, and possess the passion and patience to serve others, then join us at UANPF.
Core Competencies
· Ability to patiently and passionately serve retired pensioners and beneficiaries.
· Ability to provide speedy and effective resolution of issues to internal staff and external pensioners and beneficiaries.
· Possess intermediate knowledge of Generally Accepted Accounting Principles (GAAP).
· Understanding of laws and requirements for preparation of IRS and state tax filings (IRS Forms 1099-R, 1099-MISC, 1099-INT, 940, 945, etc.).
· Ability to understand the banking processes as it relates to industry standard software.
· Ability to innovate and actively seek new ways to improve processes & productivity.
· Ability to proactively and successfully identify and address areas of key concern and provide solutions and contingency plan if necessary.
· Ability to demonstrate honesty, integrity and professionalism at all times.
· Track record of inter and intra departmental collaboration.
Responsibilities
· Provides superior customer service via telephone and written correspondence relating to the needs of our members.
· Enters all pay data (Direct Deposits, Tax forms and pay rates, benefit types/options) for the creation of the pensioners/beneficiaries’ pre-notes, pre-codes and supplemental and monthly benefit payments daily.
· Produces and records all Supplemental and Main Check Runs by verifying totals, creating reports, checks and ACH files which are transmitted to the bank.
· Records and balances the monthly activity, which produces the monthly Journal Entry for Pension Account activity for the month.
· Processes and records all bank activity as it relates to the Pension account.
· Analyzes Accounts Receivable reports, prepares collection letters, process AR receipts and updates member’s records.
· Prepares Write-offs of accounts payable relating to members on a monthly basis.
· Maintains and analyze all incoming Sec 9.09 inquiries for UANPF’s legal requirements (Durable Power of Attorneys, Conservators, Guardians or Committees) as it relates to Pensioner’s disbursements.
· Performs reconciliation of pensioners/beneficiaries records monthly.
· Analyzes and follows up to resolve Long Term Suspended member.
· Performs the daily functions related to bank accounts (bank downloads).
· Prepares data file for IRS Tax Filings (1099-R, 1099-INT, 1099-Misc,) and Actuarial Review, and analyze as required.
· Analyzes and completes required journal entries for general ledger account analysis.
· Scans sensitive files directly into database.
· Provides written contributions to the creation and maintenance of Accounting Procedures.
Qualifications
· College graduate with a minimum Associates degree in Accounting or five plus (5) years of related accounting experience.
· Customer oriented and exemplary customer service relations.
· Advanced skills in Microsoft EXCEL and WORD.
· Detail-oriented relating to numerical detail work with a high degree of accuracy, well organized, flexible and able to meet concurrent deadlines.
· Ability to master diverse responsibilities and handle multiple tasks concurrently.
· Excellent verbal and written communication skills.
Salary: Level V, Step 3 ($1,299.00 per week)
Replacement Position
Probation Period: 75 days (internal applicants only)
Company website (www.uanpf.org), Internal candidates must submit resumes via Paycom by the close of business November 1, 2023..
Only electronic resumes submitted via Paycom will be accepted.