Corporate Opportunities
Security Mutual Life Insurance Company of New York
The Company That Cares ®
Recruitment Fraud Statement
Recruitment fraud is a form of fraud where scammers impersonate recruiters to try to steal your identity or your money. Use extra caution when people reach out about jobs to which you never applied.
Security Mutual Life Insurance Company of New York (the “Company”) has an established recruiting process and encourages qualified candidates to apply directly to jobs posted below, which are on www.smlny.com. The Company does not communicate with candidates through text messages. The Company does not send emails from any domain except @smlny.com. The Company does not extend offers of employment without a live video or in-person interview and does not send employment offer letters via unencrypted e-mail, instant messaging or texts. The Company will never ask for any payment during the recruitment process.
Additional information on how to recognize recruitment fraud or scams can be found here.
Security Mutual Life Insurance Company of New York
Binghamton, NY | New York City, NY | Houston, TX
Customer Service Representative
Department: Individual Client Services
Status: Regular, Full Time
Reference #: 1046, 1047, 1048
No. of Positions: 3
As a Customer Service Representative, you will answer incoming calls in a fast-paced call center environment. You will also build relationships with clients and agents and process payments and complex service requests.
This is a remote position. Reliable internet service is required for the role. SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC. This position cannot be performed in the City of New York.
Description of Duties & Responsibilities:
- Support resolution of incoming calls by answering questions, performing research and initiating additional processes as necessary.
- Process billing requests, which could include billing account number changes, payment type changes (mode changes), premium letters to notify a policy owner of a payment issue, refund requests, premium payment histories, value quotes, form requests, policy reprojection requests, taxable gain calculations, policy conservation, mailing Electronic Funds Transfer forms, etc.
- Process manual premium payments and other service requests from calls by check or phone via a checking or savings account.
- Process authorizations to release information requests.
- SML website inquires. Handle inquired forwarded by Corporate Communications that were made on our public website.
- Complete insurance verifications.
- Complete follow-up calls to request missing items and funds needed to bring policies up to date.
- Keep records of customer interactions and transactions.
Required skills & experience:
- Minimum of 3 years of experience in Customer Service.
- Minimum of 1 year of accounting experience preferred.
- Experience in an insurance industry or call center environment.
- Fluency in Spanish a plus.
- Basic knowledge of Microsoft Word and Excel.
- Excellent written and verbal communication skills.
- Excellent data entry skills.
- Ability to perform work accurately and thoroughly.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
- Ability to work a flexible schedule with occasional overtime.
Education Required: Associate’s degree in business or related field.
Pay Range: $18.16 to $20.07 hourly
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
The level for this position will be determined based on factors including relevant skills, experience and other qualifications.
Visa sponsorship is not available for this position
Relocation assistance is not available for this position
Security Mutual is an Equal Opportunity Employer
This position can or will be performed in the State of New York, not including the City of New York.
Billing Account Representative
Department: Middle Market
Status: Regular, Full Time
Reference #: 1054
No. of Positions: 1
As a Billing Account Representative, you will bill, reconcile and maintain accounts and administer services to Group Billing, Credit Union and Individual clients of the company while ensuring compliance with all applicable regulatory guidance.
SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC. This position cannot be performed in the City of New York. Reliable internet service is required for the role. If you are interested in this position, but don’t live near Binghamton, NY, this may be an opportunity for you!
Description of Duties & Responsibilities:
- Process billing, adjustments and verifications, reconcile payments and follow up. Monitor assigned cases to ensure timely remitting and processing of payments.
- Process general service requests including salary savings list bills, premium and loan payments, pre-nonforfeiture processing, health policy billing, policy system correction requests, DAC tax reporting, beneficiary changes, submission of policy system correction requests and returned checks.
- Confer with Agents, payroll offices and customers by telephone and email relative to post issue service requests and questions. Process related service requests.
- Manage Electronic Funds Transfer accounts, perform taxable gain calculations and tax reporting.
- Process payments by phone and remain Payment Card Industry compliant when handling debit and credit card payments.
- Keep records of customer interactions and transactions.
- Create and update procedural documentation.
- Assist with Call Center overflow calls at high volume times.
- Assist with departmental training as needed.
Required skills & experience:
- Minimum of 2 years experience in Customer Support.
- Experience in accounting or bookkeeping required.
- Experience in an insurance industry or call center environment preferred.
- Experience working in a financial institution preferred.
- Fluency in Spanish a plus.
- Intermediate knowledge of Microsoft Word and Excel.
- Excellent written and verbal communication skills.
- Excellent data entry skills.
- Ability to perform work accurately and thoroughly.
- Ability to take care of both internal and external customer needs.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
Education Required:Associate’s degree in Business or related field of study required.
Pay Range: $18.16 to $20.07 hourly
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
Visa sponsorship is not available for this position
Relocation assistance is not available for this position
Security Mutual is an Equal Opportunity Employer
This position can or will be performed in the State of New York, not including the City of New York.
Human Resources Intern
Department: Human Resources
Status: Temorary, Part-time
Reference #: 1051
No. of Positions: 1
As a Human Resources Intern, you will support the Human Resources Department with various projects, research, and tasks with the HR field.
This is a Binghamton home office position.
Description of Duties & Responsibilities:
- Support the research and implementation of various HR projects and initiatives.
- Assist with the planning and creation of training materials.
- Assist with the planning and preparation of employee engagement initiatives and events.
- Assist with research, update and development of HR policies and procedures.
- Support community volunteering involvement initiatives.
- Help develop content for internal communications.
- Provide general administrative support to the HR team.
- Other duties as needed or assigned.
Required skills & experience:
- Strong interest in pursuing a career in Human Resources or a related field.
- Strong interpersonal skills.
- Excellent communication skills, both written and verbal.
- Highly organized with strong attention to detail and accuracy.
- Strong demonstration of professional skills and work ethic.
- Ability to maintain confidentiality and handle sensitive information with discretion.
- Proficiency in Microsoft Office applications, specifically Word, Excel, and PowerPoint.
- High level of customer service with the ability to interact with employees at all levels throughout the organization.
- Ability to work effectively both independently and as part of a team.
- Ability to work between 20 and 30 hours per week.
Education Required:Currently enrolled in a Bachelor’s or Master’s degree program in Human Resources, Business or a related degree. Two years of completed of college coursework required. Completion of three years of college coursework preferred.
Pay Range: $17.00 to $21.00 hourly
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
Visa sponsorship is not available for this position
Relocation assistance is not available for this position
Security Mutual is an Equal Opportunity Employer
Model Office Analyst
Department: Systems & Technology
Status: Regular, Full Time
Reference #: 1024
No. of Positions: 1
As an Model Office Analyst,you will develop and execute comprehensive test plans for new software packages and modifications and upgrades to existing applications.
The Duties & Responsibilities of an Associate Model Office Analyst, Model Office Analyst, or Senior Model Office Analyst generally include:
- Create and execute general comprehensive test plans.
- Set up appropriate test cases and identify and document all necessary test scenarios with details of expected results.
- Document actual test results against expected results. Research and document reasons for discrepancies.
- Communicate with department management to provide input for necessary changes during testing.
- Analyze and assist management with development to functional specifications for Company systems.
- Assist management with suggestions and alternative methods for accomplishing requests.
- Execute general systematic corrections to resolve policy issues.
- Assist management with investigation and resolution of system issues.
In addition to the above, a Model Office Analyst will also be responsible for the following:
- Create more in-depth comprehensive test plans and set up appropriate test cases.
- Coordinate with business units and programmers to analyze and develop functional specifications for Company systems.
- Design specifications for new computer programs or upgrades.
- Provide suggestions and alternative methods to management for accomplishing requests.
- Execute complex systematic corrections to resolve policy issues.
- Investigate and resolve reported application system issues.
In addition to the above, a Senior Model Office Analyst will also be responsible for the following:
- Execute systematic corrections to resolve more complex and difficult policy issues.
- Handle more complex processing issues, provide processing support and assist with training.
- Perform complex regression testing to ensure new changes haven’t adversely affected the performance of other interrelated programs.
Required skills & experience of an Associate Model Office Analyst, Model Office Analyst, or Senior Model Office Analyst:
- For an Associate Model Office Analyst level, a minimum of 2 years of related experience is required, including business analyst and system testing experience. Product knowledge, product administration experience is preferred.
- Model Office Analyst, Senior Model Office Analyst and Advanced Model Office Analyst levels will be considered based on applicable years of experience and related skills.
- Comprehensive knowledge of life insurance products preferred.
- Technical understanding of life insurance administration systems preferred.
- In depth knowledge of life insurance application systems preferred.
- A strong aptitude for, and interest in learning.
- Advanced proficiency of Microsoft Office Suite required.
- Strong analytical, critical thinking and problem-solving abilities.
- Strong organizational skills.
- Excellent written and verbal communication skills.
- Ability to perform work accurately and thoroughly.
- Ability to take care of both internal and external customer needs.
- Ability to pay close attention to detail.
- Adaptable and capable of working in fast-paced environments.
- Ability to prioritize and organize a heavy workload.
- Ability to work a regular schedule required. Must be able to work outside normal business hours to meet project deadlines or release schedules.
Additional Required skills & experience of a Model Office Analyst or Senior Model Office Analyst:
- Comprehensive knowledge of life insurance products required.
- Technical understanding of life insurance administration systems required.
- Ability to train others.
Education Required: Associates degree in computer science or other related field, is required. Bachelor’s degree in computer science is preferred.
The level of this position will be determined based on factors including relevant skills, experience and other qualifications.
This is a hybrid eligible position with remote work consideration. This position may require planned visits to a Company office.
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
- Security Mutual is an Equal Opportunity Employer
- This position can or will be performed in the State of New York, not including the City of New York.
Pay Range:
- Associate Model Office Analyst: $20.84 to $29.00 hourly
- Model Office Analyst: $23.68 to $33.40 hourly
- Senior Model Office Analyst: $26.42 to $38.60 hourly
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
Payroll Administrator or Senior Payroll Administrator
Department: Financial Operations
Status: Regular, Full Time
Reference #: 1055
No. of Positions: 1
As the Payroll Administrator or Senior Payroll Administrator, you will be responsible for all of the payroll processing, reporting and associated taxes for the Company. You will work with employees, other departments, and management to ensure that payroll is processed correctly, taxes are paid timely and expenses are reflected accurately within our ledger and audit documentation. You will manage associated reporting for taxes, budget and the individual reporting required for 1099s & W-2s.
Hybrid position, with regular visits to the Binghamton Home Office for team meetings. Reliable internet service is required for the role.
Description of Duties & Responsibilities of a Payroll Administrator:
- Process payroll bi-weekly for Company and associated entities.
- Draft and file tax deposits and tax reporting for multiple states and entities.
- Calculate accruals for all wages, taxes and payroll-related liabilities.
- Reconcile wages, benefits, taxes and withholdings monthly.
- Report on payroll budget quarterly and annually comparative to expectations.
- Manage 1099 & W-2 processes, from generation to review and distribution.
- Calculate and process non-routine payrolls.
- Work closely with HR to resolve payroll questions, employee classifications, etc.
- Communicate with employees to resolve questions, ensure correct withholding, etc.
- Compile and review audit documentation for various internal and external audits.
- Research payroll inquiries, multi state legalities, etc. as needed.
Additional Duties & Responsibilities of a Senior Payroll Administrator:
- Handle more complex processing issues.
- Provide processing support.
- Assist with training.
Required Skills & Experience of a Payroll Administrator or Senior Payroll Administrator:
- Minimum of 2 years of experience in Accounting or Payroll is required. Internship experience may be considered.
- Knowledge of GAAP accounting is required.
- Experience with accounting and payroll software is preferred.
- Advanced proficiency with Microsoft Excel.
- Intermediate proficiency with Microsoft Word.
- Excellent verbal and written communications skills.
- Strong analytical problem-solving skills.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
- Ability to perform work accurately and thoroughly.
Education Required: Associate’s Degree in Accounting is required. Bachelor’s Degree in Accounting is strongly preferred.
Pay Range:
Payroll Administrator: $21.40 to $27.54 hourly
Senior Payroll Administrator: $24.32 to $31.29 hourly
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
The level for this position will be determined based on factors including relevant skills, experience and other qualifications.
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
- Security Mutual is an Equal Opportunity Employer
Product Compliance Analyst
Department:Product Compliance
Status: Full Time
Reference #: 1042
No. of Positions: 1
As an Model Office Analyst, you will be responsible for developing, evaluating, interpreting regulatory requirements and statutes, and preparing simple to complex product and regulatory filings for state and compact submission.
This is a remote eligible position. Reliable internet service is required for the role. SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC.
Description of Duties & Responsibilities of a Product Compliance Analyst:
- Draft policy forms/pages that are compliant for New York State, the Compact and state specific requirements. Route proof read drafts for approval/changes and track status. Assemble and transmit filings and related correspondence.
- Review, interpret and analyze regulations to determine any required actions. Make recommendations for changes based on analysis. Summarize, compile and communicate information as needed.
- Track and update filing and approval status, verify accuracy and completion and report to management, notify external departments of necessary changes, respond to requests for copies of information.
- Prepare yearly filings for Illustration Actuary, portions of NYS Market Conduct Report, and Exempt States.
- Verify accuracy of Model Advance and production cases.
- Other duties as needed or assigned by management.
Required Skills & Experience of a Product Compliance Analyst:
- 3-5 years experience in Insurance required.
- Experience in a law firm preferred.
- Intermediate knowledge of Microsoft Office Suite required.
- Excellent written and verbal communication skills.
- Excellent analytical skills
- Excellent data entry skills.
- Excellent organizational skills.
- Ability to perform work accurately and thoroughly.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
Education Required: Bachelors Degree in Business or a related field required.
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
- Security Mutual is an Equal Opportunity Employer
Pay Range: $24.32 to $31.29 hourly
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
(Senior) Accountant
Department:Financial Operations
Status: Regular, Full Time
Reference #: 1053
No. of Positions: 1
As an Accountant or Senior Accountant, you will be responsible for preparing, submitting, reviewing, analyzing, and reporting on tax and expense related exhibits and schedules to complete financial reporting, filings, and various analyses for the company. This position also prepares and reviews monthly reports for budgeting, planning and statutory reporting and responds to inquiries and requests from external sources.
This is a hybrid eligible position with remote work consideration. This position may require planned visits to a Company office.
Description of Duties & Responsibilities of an Accountant or Senior Accountant:
- Prepare and submit various state income tax forms & filing forms for parent, subsidiary companies and nonprofit. Prepare sales tax returns, premium and municipal taxes, state tax forms and various workpapers to support federal income taxes.
- Prepare, analyze, and review financial statements expenses, taxes, licenses and fees for budgeting, forecasting, planning, and statutory reporting.
- Act as Third Party Administrator to prepare monthly financial reports for MetLife.
- Create, review and approve general ledger entries and reconcile various general ledger accounts. Prepare and review bank reconciliations and assist in daily banking transactions.
- Work with various departments on correcting accounting entries and accounting and internal audit training. Research accounting variances; assist auditors with supporting documentation, correspond with advisors and custodian representatives.
- Work with various departments on correcting accounting entries and accounting and internal audit training. Research accounting variances; assist management with supporting documentation and preparation for audits.
Additional description of Duties & Responsibilities of a Senior Accountant:
- Handle more complex processing issues, provide processing support and assist with training.
- Respond to inquiries and requests from tax agencies, auditors, regulatory agencies and other external sources.
- Prepare various statutory exhibits under the review and supervision of Management.
- Work with Management to create dashboards and analytics in Adaptive software.
Required Skills & Experience:
- Minimum of 1 year of experience in Accounting is required for the Accountant position. Internship experience may be considered.
- Minimum of 4 years of experience in Accounting is required for the Senior Accountant position.
- Knowledge of GAAP accounting is required.
- Experience with accounting software (especially Quickbooks) is preferred.
- Advanced proficiency with Microsoft Excel.
- Intermediate proficiency with Microsoft Word.
- Excellent verbal and written communications skills.
- Strong analytical problem-solving skills.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
- Ability to perform work accurately and thoroughly.
Education Required: Bachelor’s Degree in Accounting is required.
Pay Range:
Accountant: $24.32 to $31.29 hourly
Senior Accountant: $27.13 to $35.56 hourly
The level of this position will be determined based on factors including relevant skills, experience and other qualifications.
This is a hybrid eligible position with remote work consideration. This position may require planned visits to a Company office.
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
- Security Mutual is an Equal Opportunity Employer
- This position can or will be performed in the State of New York, not including the City of New York.
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
Technical Services Associate Trainee or Technical Services Associate
Department: Systems & Technology
Status: Regular, Full Time
Reference #: 1044
No. of Positions: 1
As a Technical Services Associate Trainee or Technical Services Associate, you will be responsible for providing effective and efficient technical assistant to computer system users.
This is a Binghamton Home Office position.
Description of Duties & Responsibilities:
- Evaluate, prioritize, and respond to incoming requests for assistance from users experiencing problems with hardware, software, networking, and other computer related technologies.
- Participate in training experiences to provide higher level processing support and demonstrate increasing expertise and proficiency. Use available resources to independently research relevant information to develop up-to-date knowledge and continually learn about job related issues and best resolutions.
- Interview users to collect information about problems and lead users through diagnostic procedures to determine source of error. Determine whether a problem is caused by hardware, software packages, company systems, or user error.
- Recognize, research, isolate, resolve, and follow-up on routine user problems. Refer more complex problems to management or technical staff.
- Install and maintain computers, software, telecommunications equipment, and peripheral equipment for users.
- Stay up to date with new hardware and software used. Test software and hardware to evaluate ease of use and effectiveness.
- Analyze and evaluate incident occurrences and make recommendations to management to reduce help line incident rate.
- Log and track calls using problem management database software. Maintain history records and related problem documentation.
- Provide individual training to users as needed.
- Provide back up support to computer operations team as needed.
Required skills & experience of a Technical Services Associate Trainee or Technical Services Associate:
- 1-2 years’ experience in IT or Technical Services required.
- Help Desk experience strongly preferred.
- Position will require working evening and weekend shifts as necessary.
- Basic proficiency with Microsoft Windows/Office Suite required.
- Experience with corporate e-mail applications required.
- Excellent written and verbal communication skills.
- Ability to perform work accurately and thoroughly.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
Additional Required Skills & Experience of a Technical Services Associate:
- 2-4 years’ experience in IT or Technical Services required.
- Experience with MAC OSX and iOS preferred.
- Industry recognized certification preferred.
- Ability to adapt to change and work under pressure.
Education Required: High School Diploma or equivalent required. Associates degree in Computer Science or closely related field of study is preferred.
Pay Range:
Technical Services Associate Trainee: $19.80 to $24.78 hourly.
Technical Services Associate: $21.40 to $26.25 hourly.
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
The level for this position will be determined based on factors including relevant skills, experience and other qualifications.
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
- Security Mutual is an Equal Opportunity Employer
Security Administrators, Inc.
Binghamton, NY
Enrolled Actuary
Department: Security Administrators, Inc.
Status: Regular, Full Time
Reference #: 1052
No. of Positions: 1
As an Enrolled Actuary, you will be responsible for performing and reviewing qualified pension plan valuations, calculations, filings and administration for cash balance and traditional defined benefit plans. This position is responsible for plan compliance, developing and maintaining client relationships, and special projects.
SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC. This position cannot be performed in the City of New York. If you are interested in this position, but don’t live near Binghamton, NY, this may be an opportunity for you!
Description of Duties & Responsibilities of an Enrolled Actuary:
- Serve as an expert in the valuation, administration and compliance of Defined Benefit and Defined Contribution plans. Perform related actuarial calculations.
- Develop relationships with field partners and clients. Understand the needs of clients and design plans to meet their needs and goals.
- Maintain up to date knowledge of related regulations through self-study and company sponsored training sessions. Ensure that procedures and plans are compliant and communicate updates to reports and clients.
- Use knowledge of pension plans and Company needs and objectives to support pension related special projects and assignments. Make suggestions to management for improvements.
- Review plan sponsor annual asset and census data to input into validation software. Prepare annual funding reports and required AFTAP certifications. Complete Schedule SB with funding information.
- Complete annual Pension Benefit Guaranty Corporation premium filings for certification.
- Prepare and review new traditional defined benefit plans and cash balance plan studies for potential clients.
- Complete actuarial valuation and maintain plan record keeping for assigned clients. Maintain turnaround time to meet client and Company expectations.
- Review general non-discrimination testing. Enhance and support non-discrimination data system.
- Prepare/review IRS min/max and ASC 715 financial reporting for qualified plans.
- Participate in discussions with auditors regarding the determination of appropriate discount rates.
Required Skills and Experience of an Enrolled Actuary:
- Enrolled Actuary designation required.
- MAAA Designation – Member of American Academy of Actuaries required.
- Minimum of 10 years of experience in retirement plan design and administration required.
- Management experience is preferred.
- Experience with Relius Administration software and plan documents preferred.
- Intermediate proficiency with Microsoft Word and Excel required.
- Strong written and verbal communication skills.
- Strong customer service skills.
- Ability to travel up to 5%.
- Ability to think analytically and critically.
- Ability to handle multiple priorities simultaneously.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
- Ability to adapt to change and work under pressure.
Education Required: Bachelor’s degree in Mathematics, Actuarial Science, Accounting, or a related field of study.
Pay Range: $85,000 to $115,000 annually
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
The level for this position will be determined based on factors including relevant skills, experience and other qualifications.
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
- Security Mutual is an Equal Opportunity Employer
Federal & State Labor Law Posters: https://www.jjkeller.com/learn/SHRMPDF
Senior Pension Analyst or Advanced Pension Analyst (Defined Contribution)
Department: Security Administrators, Inc.
Status: Regular, Full Time
Reference #: 1050
No. of Positions: 1
As a Senior Pension Analyst or Advanced Pension Analyst (Defined Contribution), you will be responsible for providing third party pension plan administration services, including regular annual services and periodic compliance reviews. This position will administer higher complexity and specialized plans as assigned. Additionally, as an Advanced Pension Analyst, you may also provide administration system training and technical support for department staff and/or plan design and marketing support for clients and advisors.
SML supports remote work for NY, PA, NJ, CT, MA, AL, FL, TX, OH, MN, IN, GA, IL, IA, AZ and NC. This position cannot be performed in the City of New York. If you are interested in this position, but don’t live near Binghamton, NY, this may be an opportunity for you!
Description of Duties & Responsibilities of a Senior Pension Analyst (Defined Contribution):
- Complete annual account valuations; determine eligibility, reconcile trust assets, compute required contributions, and allocate earnings, contributions and forfeitures.
- Complete non-discrimination testing for all assigned plans.
- Complete 5500 forms and prepare summary annual report for assigned block of plans.
- Calculate benefit distributions including minimum required distributions. Prepare required election, disclosure, and 1099-R forms.
- Process participant loan requests; Calculate maximum loan amounts and review for compliance with applicable regulations.
- Prepare annual benefit statements for participants.
- Monitor plan and prepare document restatements, plan amendments, and summary plan descriptions as needed. Ensure plan document is compliant with current laws and regulations and meets client objectives.
- Process plan terminations as required; prepare termination amendments, board resolutions, 204(h) notices, and 5310 filings with the IRS and Pension Benefit Guaranty Corporation. Review amendments to ensure compliance with current regulation before plan is terminated.
- Bill clients for all administrative services rendered; complete daily time sheets.
Description of Duties & Responsibilities of an Advanced Pension Analyst (Defined Contribution):
- Complete annual account valuations; determine eligibility, reconcile trust assets, compute required contributions, and allocate earnings, contributions and forfeitures.
- Complete non-discrimination testing and other required testing, 5500/government forms, and summary annual report for all plans assigned.
- Provide pre- and post-sale marketing support to prospective clients and advisors including technical questions, plan design, plan design proposal reviews, and client/advisor meetings.
- Create or restate plan documents for new and take over clients as needed. Interface with various qualified plan investment companies to arrange and systemize plan related data transfer to and from SAI.
- Provide training and technical support for administration systems as needed. Interface with help desk staff to resolve and issues. Monitor new product releases for administrative systems and present for consideration by SAI management as required. Design and run custom reports from administration system as requested and verify new plan assignments and terminations entered.
- Process participant loan requests. Calculate maximum loan amounts and review for compliance with applicable regulations. Process periodic contribution and loan repayment checks through investment company websites.
- Calculate and request benefit distributions, including minimum required distributions. Prepare required election, disclosure, and tax forms as needed.
- Monitor plan and prepare document restatements, plan amendments, and summary plan descriptions as needed. Ensure plan document is compliant with current laws and regulations and meets client objectives.
- Process plan terminations as required; prepare termination amendments, board resolutions, 204(h) notices, and 5310 filings with the IRS and Pension Benefit Guaranty Corporation. Review amendments to ensure compliance with current regulation before plan is terminated.
Required skills & Experience of a Senior Pension Analyst or Advanced Pension Analyst (Defined Contribution):
- For a Senior Pension Analyst level, between 5 to 7 years of related experience required.
- For an Advanced Pension Analyst, a minimum of 7 years of related experience required.
- Knowledge of Relius and/or FTWilliams pension software required
- Basic proficiency with Microsoft Word and Excel required.
- Strong written and verbal communication skills.
- Strong customer service skills.
- Ability to think analytically and critically.
- Ability to handle multiple priorities simultaneously.
- Ability to pay close attention to detail.
- Ability to prioritize and organize a heavy workload.
- Ability to adapt to change and work under pressure.
- Ability to learn quickly and take on increasing responsibility.
Education Required: Bachelor’s degree in Accounting or a related field of study required.
Pay Range:
Senior Pension Analyst: $24.32 to $31.29 hourly
Advanced Pension Analyst: $58,500 to $80,000 Annually
The starting pay rate for this role is based on a variety of relevant factors, including location, education, experience, and skills.
The level for this position will be determined based on factors including relevant skills, experience and other qualifications.
- Visa sponsorship is not available for this position
- Relocation assistance is not available for this position
- Security Mutual is an Equal Opportunity Employer
Federal & State Labor Law Posters: https://www.jjkeller.com/learn/SHRMPDF
Syracuse, NY
The Company That Cares®: Our Commitment to Diversity, Equity and Inclusion
As a mutual life insurance company, Security Mutual Life Insurance Company of New York (the “Company”) is maintained and operated for the benefit of its policyholders, each of whom has a unique background and unique goals and aspirations. The Company has been delivering on its promises since 1886, and the Company believes that an inclusive environment with diversity of thought, background, culture and experience enables the Company to best fulfill the mission upon which it was founded: Helping protect its policyholders against life’s uncertainties.
As The Company That Cares®, Security Mutual is built upon a corporate culture of caring and respect. The Company believes it performs best when it promotes and encourages an atmosphere in which all team members—and the unique talents and perspectives they bring to the Company—are respected, valued and supported. The Company strives to provide opportunities for growth and development that inspire individuals to realize their full potential. The Company supports active participation in Company, industry and community activities that promote diversity, equity, inclusion and help improve the lives of others.
Mission Statement
Security Mutual’s corporate mission is to provide sound and equitable protection for financial needs resulting from death, disability or retirement. This mission is carried out through manufacturing and distributing life insurance, disability insurance and annuity products for individuals and groups and treating with dignity and respect all who put their trust in us.
As a mutual life insurance company, Security Mutual is managed for the benefit of its policyholders.
To that end, Security Mutual seeks to recruit, develop and train a highly motivated team of results-oriented employees.