Senior Pension Administrator

Company
AIG
Location
Houston TX
Salary
DOE
Posted
February 22 2018
Industry
Insurance, Securities
Position
Operations

Functional Area:


OP - Operations

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company

Sr. Pension Administrator - SG 18



About VALIC:


VALIC specializes in retirement savings and investment products and services, including individual variable and fixed annuities, group retirement products, mutual funds, financial planning and investment advisory services and guaranteed investment contracts.



For more than half a century, VALIC has served as a leading plan provider for K-12 schools and school districts, as well as for higher education and healthcare institutions. VALIC is ranked as the number one provider of defined contribution plan services in the United States to public education employees in the K-12 market and number three for employees of higher education and not-for-profit healthcare.



Position Overview:


The primary function of the Sr. Pension Administrator in the Plan Document Team is to perform all duties related to the production of plan documents, amendments, summary plan descriptions, and other related legislative updates for VALIC's clients as well as provide consulting regarding document related issues.



Organization:


The Plan Document Team is responsible for the production of plan documents and amendments to exemplify the provisions of retirement plans such as 403(b), 401(k), Money Purchase, and Profit Sharing Plans.



Responsibilities:


Assess requested provisions to ensure ERISA regulation requirements are met Communicate plan provisions, legal consequences etc. with both internal and external clients, when necessary and when requested Aid in enforcing new guidelines regarding customization in line with the services available under the group segmentation parameters and assist team members in developing alternatives to custom provisions Perform Quality Review (QR) of document tasks for team members, including tracking performance and identifying potential training gaps Assist in training team members as needed Provide consultative services to the field and/or document clients in the completion of legislative amendments including the impact of options chosen in relation to the current operation of their plan Act as a mentor to Pension Administrators, assisting with conference calls/meetings as well as reviewing and assessing complex document issues



The most suitable people for this job are highly detailed professionals that possess strong problem solving and decision making skills and the ability to perform in a high-volume, service-oriented team.



Challenges:


As part of our services, this team works to ensure plan compliance by providing necessary updates to Plan Sponsors due to legislation and/or other regulatory requirements.



Requirements:


- Bachelors Degree or 3-5 years related experience


- Strong research and analytical skills


- Excellent communication skills - written, verbal and interpersonal


- Strong knowledge of retirement/pension plans required


- Ability to multitask


- Experience with Relius and/or ASC preferred


- ASPPA credential preferred




It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.



At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives




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