23 days old
2017-11-212017-12-21

Benefits Calculation Analyst

MetLife
Alpharetta, GA
**Job Location:** United States: Alpharetta GA







**Job Summary:**







Prepares and reviews pension benefit calculations by reading and interpreting contract language to find allowable options and methods of calculation. Researches contract listings and other records to determine exact defined benefit purchased for annuitant. Troubleshoots mainframe calculations, develop calculation spreadsheets and other miscellaneous calculation tools. Interprets requests and interacts with other departments to obtain needed results, assists with building, testing and moving new products to production. Assists with new sales of Closeout annuity contracts. Work on special projects as assigned







**Functional Responsibilities:**







+ Prepare and review pension benefit calculations within specified timeframes



+ Locate contract specified in request; determine personal information and exact defined benefit purchased for annuitant, and cross- check annuitants request against contract parameters to determine eligibility



+ Using appropriate method (spreadsheet, manual, etc) perform pension benefit calculation



+ Send calculation to the checker to verify accuracy



+ Upon receipt of calculation which requires review, verify the calculations accuracy and scan into the imaging system



+ If inaccuracies are found, send back to analyst for recalculation. Address annuitants follow-up questions



+ Prepare contracts for automated calculation



+ Review contracts to be loaded and interpret contract language to determine parameters



+ Load group level on pricing database, load conversion tables and prepare census files



+ Load records to pension service portal and retirement payment system test region



+ Create and perform User Acceptance Testing



+ Upon successful testing load the contact into the retirement payment system



+ Continue parallel testing for 2 months to ensure that automated calculations match manual calculations



+ Ensure the overall successful transition of new sales from bid specs through to final contract and full administration



+ Review bid specs to contract for accuracy. Generated needed rate batteries



+ Verify calculation methodology is clearly defined. Create and or review sample calculations



+ Confirm the calculation viability of newly sold contracts



+ Review offer letters on new contracts to ensure calculation viability



+ If additional verification is required submit questions to pricing or contract unit or client



+ Review samples of calculation provided by clients actuary



+ Provide conversion tables per contract. Review final contract draft



+ Provide training to new benefit calculation analysts and administrators



+ Resolve calculation issues and build effective relationships with internal partners



+ Upon request generate a conversion table and send it to the pricing unit for verification if needed. Make necessary modifications



+ Verify lump sum quotes using new pension protection act rules







**Essential Business Experience and Technical Skills:**







_Required:_







+ Bachelors degree in Math or Actuarial Science preferred



+ 3-5 years of related work experience







_Preferred:_







+ Excellent analytical and mathematical skill set



+ Able to work effectively independently and as a team player



+ Excellent organizational and time management skills



+ Excellent verbal and written communication skills



+ High level of accuracy and attention to detail



+ Understanding of pension products and operations



+ Working knowledge of actuarial concepts and calculation methods



+ Good knowledge of the IRS code, rules and regulations



+ Able to read and interpret defined benefit defined benefit contract language



+ Familiar with all types of defined benefit plans



+ Able to identify and meet customer needs



+ Proficient in Microsoft Office Suite, Lotus Notes, and mainframe system and internal software programs







**Business Category**







Operations







**Number of Openings**







1







**At MetLife, were leading the global transformation of an industry weve long defined. United in purpose, diverse in perspective, were dedicated to making a difference in the lives of our customers.**







MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.







MetLife maintains a drug-free workplace.







**For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.**

Categories

  • Financial Services
  • Information Technology
  • Insurance
  • Legal

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Benefits Calculation Analyst

MetLife
Alpharetta, GA

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Benefits Calculation Analyst

MetLife
Alpharetta, GA
US

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