Utah Retirement Systems

Utah Retirement Systems

Retirement Benefits Processor I

Salt Lake City, UNAVAILABLE, UT

Sponsorship not specifiedDetected 7 days ago
AccountingResearchCommunicationCollaborationCritical ThinkingMicrosoft Office

About the role

  • URS administers eight pension systems and four retirement savings plans, providing financial security and peace of mind for thousands of Utah families.
  • URS is a dynamic, complex enterprise that requires collaboration from talented employees across a diverse range of fields.
  • We take pride in maintaining a positive team environment and excellent work-life balance.

Responsibilities

  • Performs research of individual records to verify eligible compensation, service eligibility, previous refunds, re-deposits, and related activity.

Requirements

  • Ability to stay focused despite interruptions.
  • Common eye, hand, finger dexterity required to perform essential functions.
  • Knowledge, Skills, and Abilities This list contains knowledge, skills, and abilities that are typically associated with the job.
  • It is not all-inclusive and may vary from position to position: Required technical skills include the working knowledge and ability of: Computer operations and technical software applications.

Skills

  • Accounting, bookkeeping, and related statistical procedures.
  • Mathematical concepts and logic.
  • Interpersonal conflict resolution method.
  • High-level skill in technical writing.
  • Editing and proofreading.
  • Effectively promote organization and services offered.
  • Interpersonal communication theory and methods.
  • Communicate effectively verbally and in writing.
  • Must have the ability to: Follow written and verbal instructions.
  • Apply critical thinking techniques.
  • Analyze and solve problems.
  • Prioritize work.

Compensation

  • Analyzes and determines creditable service and salary from available employment records and assures credited service complies with rights accrued under Title 49.
  • Calculates and enters transactions to complete the calculation of salary and service, which involves transferring contributions to the general ledger and combining service credit from more than one system.

Benefits

  • About The Company Utah Retirement Systems provides retirement benefits for more than 250,000 Utah public employees, including teachers, firefighters, police officers, and others who serve their communities.
  • We offer a competitive salary, and our benefits far exceed what most modern employers offer.
  • Job Description POSITION SUMMARY Performs a variety of technical duties to deliver day-to-day services of the Defined Benefit Retirement Department.
  • Computes lifetime benefit payments for all Utah Retirement Systems (URS) and the Utah Governors and Legislators Retirement Plans.
  • ESSENTIAL JOB FUNCTIONS AND DUTIES Reviews retirement paperwork and compares the information received from the members and the employer(s) to determine eligibility for retirement.

Company info

  • Utah Retirement Systems provides retirement benefits for more than 250,000 Utah public employees, including teachers, firefighters, police officers, and others who serve their communities.
  • Analyzes and determines creditable service and salary from available employment records and assures credited service complies with rights accrued under Title 49.
  • Examines compensation, detects discrepancies, and determines eligibility through obtaining and analyzing the employer compensation policy and Title 49.
  • Requests refunds when compensation is deemed ineligible.
  • Reviews and audits team members' work for accuracy and suggests corrections when necessary.
  • Calculates and enters transactions to complete the calculation of salary and service, which involves transferring contributions to the general ledger and combining service credit from more than one system.
  • Sets up payment of actual benefits, verifies input for benefit calculations, reviews payment setups, and releases records for payments.
  • Reconciles monthly retirement benefits.
  • Analyzes, determines eligibility, and computes actual cost for service purchases, re-deposits, and adjustments as requested by members.
  • Provides explanations, including information on installment payments and rollovers from qualified plans.
  • Generates correspondence requesting or providing information to/from members and employers as needed to expedite the processing of various account actions.
  • Achieves productivity and quality guidelines established by department standards.
  • Performs monthly audits on completed retirement payments to ensure account accuracy and identifies additional training needs of team members.
  • Maintains regular and reliable attendance.
  • Maintains strict confidentiality.
  • Performs other related duties as required.
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This listing is sourced directly from Utah Retirement Systems's careers page and normalized into a canonical job model.