Pension Outsourcing Benefits Associate

Explore this exciting opportunity with one of the leaders in the defined benefit outsourcing business!

In your role as a Pension Associate in our Pension Outsourcing team, you will perform a wide variety of recurring defined benefit plan administration services for clients, contribute to special projects, and provide ad hoc client support services. You will serve as the day-to-day project manager for specific work streams, contributing to client management and special projects, while also mentoring less experienced associates.

The Role

As a Pension Associate, you will be making a valuable contribution every day to our high-profile client organizations.

As a Pension Associate you will:

• Prepare moderately complex benefit calculations and trust instructions
• Identify and resolve data issues as they arise
• Perform technical review for pension calculations, correspondence and payment entry/trust instructions
• Interpret and draft moderately complex administration procedures and documentation
• Respond to and resolve more complex plan provision questions and issues raised by less experienced Analysts
• Reconcile trustee payments and review payment entry in pension system and/or trustee system
• Review work product: benefit packages, data and system updates, calculator output and updates
• Create internal administration processes for clients if one does not exist
• Follow and update documentation materials as directed
• Employ Willis Towers Watson’s Professional Excellence tools and concepts to ensure efficient and quality output/service delivery
• Adhere to plan documents and government regulations in administering plans
• Manage and coach team to ensure progress against established budgets, improve efficiency, and meet timelines and quality standards
• Serve as primary, daily contact to clients on delivery of services and raise issues as appropriate 
• Deliver on projects to meet or exceed client expectations
• Develop, train and provide feedback to team members

• Bachelor’s degree in actuarial, math, economics, finance, or prior benefits administration experience required
• 3 – 7 years of defined benefit plan administration
• Relevant manual calculation experience
• Strong knowledge of the fundamentals of defined benefit plan design
• Excellent analytical and problem-solving skills
• Technical expertise
• Solid expertise in Microsoft Excel and Word (i.e. pivot tables and lookup functions)
• Exceptional attention to detail
• Professional, client-focused approach to colleagues and assignments
• Seeks out experiences that may change perspective or provide an opportunity to learn new things
• Strong oral and written communication skills
• Ability to organize, set priorities, work independently and complete multiple projects within established deadlines

 Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

          This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation

The base salary compensation range being offered for this role is $57,000.00 to $70,000.00 USD per year.

This role is also eligible for an annual short-term incentive bonus.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). 

The position allows for flexible working:

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

Equal Opportunity Employer/Vet/Disability