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Pensions & Annuity Administrator

MetLife • Full-time • Remote (US) • $47.20k - $65k / year • 2m ago

Country

United States

Working Schedule

Full-Time

Work Arrangement

Virtual

Commutable Distance Required

Relocation Assistance Available

Posted Date

26-Sep-2024

Job ID

4580

Description and Requirements

US Pensions Bulk Check

Administrative Services Consultant I

Role Value Proposition:

This position will be a key member of the US Pensions team dedicated to administration of MetLife’sdefined benefit bulk check group annuity contracts. The role will be responsible for administration of a portfolio of key US Pensions clients utilizing bulk check arrangements.

Key Responsibilities:

Ensure that MetLife delivers on its commitments to an assigned portfolio of bulk check clients.
Engage in on-going communication with clients regarding monthly activity, reconciliations, and general contract questions/updates, as needed.
Respond to routine and ad-hoc requests for contract or participant data.
Ensure monthly activity is processed correctly and wires disbursed on time.
Use judgment and initiative to resolve issues quickly and efficiently.
Analyze bulk check activity including lump sums, new retirements, and deaths to determine which events can be handled by GSS (Global Shared Services) and which activity requires special or nonstandard processing and implementation.
Review and sign-off processing of routine activity by GSS, directing corrections where necessary.
For activity requiring special or non-standard implementation, work with the Operations Benefit
Calculation Team and, as needed, the client, to ensure the activity or event is correctly handled in accordance with the contract provisions.
Conduct independent reviews of internal and external commencement and payment reports to determine consistency with the contract provisions and information received from the client.
Review any adjustments to monthly wire payments for assigned bulk check clients including lump sums, ongoing annuity forms, and death benefits to determine if they are consistent with the contract provisions and any other agreements with the client.
Ensure client-specific Standard Operating Procedures (SOPs) are comprehensive, complete, easy-to follow and up-to-date.
Gather data for internal and external audit requests and demonstrate processes to auditors as needed.
Conduct research and analysis of contract files and pension system data to interpret contract provisions and determine eligibility for benefits.
Work with partners in Operations and RIS Business Solutions to research and determine the source and cause of errors and discrepancies. Analyze, develop, and implement solutions to address these issues based on experience with specific contract interpretations.
Support reconciliation processes conducted by the Bulk Check Reconciliation team including making updates to participant data on the administration system.
Submit requests for corrections to be made in the administration system and work with partners in Operations and RIS Business Solutions to ensure they are correctly implemented.
Ensure general (i.e., non-contract specific) Standard Operating Procedures (SOPs) are comprehensive, complete, easy-to-follow and up-to-date.
Assist other team members interpret how Standard Operating Procedures (SOPs) should be applied to specific contracts and situations.
Develop subject matter expertise related to the non-contract specific technical aspects of pension benefits, group annuity contracts and MetLife systems.
Provide guidance and training to GSS associates and other Bulk Check administrators.
Perform quality review of other team members’ work.
Propose new workflows to management and drive their implementation including conducting training sessions for the other administrators.
Identify and make recommendations for other process improvements or training needs.
Work with IT and other business partners as appropriate to investigate and resolve noncontract specific system or process issues.
Support IT system testing and provide feedback on system updates, improvements and new features.

Essential Business Experience and Technical Skills:

Understanding of annuity products and pension benefits preferred.
Strong relationship management skills and effective communication skills, including presentation skills.
Attention to detail and accuracy.
At least 5 years relevant experience
Demonstrated planning, tactical, analytical, and strategic thinking skills.
Project management skills including leading projects and working effectively with others.
HS diploma or equivalent required. Bachelor’s degree preferred.

The salary range for applicants for this position is 47,200 - 65,000.

Benefits We Offer

Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!

About MetLife

Recognized on Fortune magazine's list of the 2024 "World's Most Admired Companies", Fortune World’s 25 Best Workplaces™ for 2024, as well as the 2024 Fortune 100 Best Companies to Work For ®, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.

Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by empathy, we’re inspired to transform the next century in financial services. At MetLife, it’s #AllTogetherPossible. Join us!

Equal Employment Opportunity/Disability/Veterans

If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.

MetLife maintains a drug-free workplace.

47,200 - 65,000

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