Benefit Calculation Analyst- Disbursements

About the Office of the Massachusetts State Treasurer and Receiver General (“Treasury”)

Our mission is to manage and safeguard the State's public deposits and investments through sound business practices for the exclusive benefits of our citizens, and perform these duties with integrity, excellence, and leadership. Additionally, we strive to provide economic opportunity, stability, and security for every Massachusetts resident.

We are committed to excellence in recruiting, hiring, and retaining diverse and qualified individuals. We value a culture of diversity and professionalism in the workplace and strongly believe that our workforce should reflect our community. 

https://www.surveymonkey.com/r/FM68GFV

Purpose of the Job:

The Massachusetts State Retirement Board (MSRB) administers a defined benefit retirement plan for eligible employees and retirees of the Commonwealth and certain independent entities.

The Benefit Calculation Analyst for Disbursements counsels and provides educational support to members of the State Employees Retirement System ("MSERS") regarding all aspects of available benefits. The Analyst is responsible for the entry, processing, and approval of a range of transactions related to the disbursement of member accounts. These transactions include but are not limited to refunds and rollovers of member contributions, and transfers to other Massachusetts public employee retirement systems.

Essential Functions and Responsibilities:

• Counsel and provide educational support to members of the State Employees* Retirement System regarding all aspects of available benefits and related transactions

• Accurately review and process a high volume of disbursement applications to conclusion on a timely basis, and properly apply plan rules and regulations

• Analyze, research and input data necessary to properly calculate and determine members creditable service, salaries and related information

• Respond promptly and accurately to all internal and external member requests in a professional and service friendly
  manner.

• Actively remain current with changes to plan rules and possess ability to explain provisions to members.

• Ensure high quality and quantity of work within established deadlines.

• Analyze. research and input data necessary to properly calculate and determine members creditable service, salaries and related information.

• Develop proficiency with MARIS (benefit application software), OnBase ECM (document scanning) System.

• MSRBeyond portal and demonstrate ability to integrate with daily responsibilities

• Adhere to Treasury and Board human resource and operational policies.

• Develop skill necessary to understand plan rules related to creditable service, refund / rollover requests, and related benefits.

• Assist other Retirement Board departments as necessary

• Travel as required

Supervisory Responsibilities:

• N/A