RETIREMENT ANALYST

Date: Dec 17, 2024

Req ID: 44850

Location:

Little Rock, AR, US, 72201

Category: AR TEACHER RETIREMENT SYSTEM

Anticipated Starting Salary: $36,154.98

Position Number: 22142790
County: Pulaski
Posting End Date: December 31, 2024
Anticipated Starting Salary: $36,154.98

Position Information

Class Code: A083C

Grade: GS06

FLSA Status: NON-EXEMPT

Salary Range: $36,155.00 - $57,668.00

Summary

The Retirement Analyst is responsible for analyzing financial and payroll information and preparing reports for fiscal activities of the retirement system. This position is governed by state and federal laws and agency/institution policy.

Functions

Provides assistance to employers with delinquent service issues by researching and documenting employee service history, computing cost, and providing employer/employee contributions, plus calculated interest due, and prepares required adjustments to member system. Processes and reconciles various payments by employers for wage settlements and retroactive wage adjustments and assists employers with questions regarding retirement regulations and policies. Advises deceased retiree families in determining possible benefits and processes request form to remove deceased retiree from active payroll. Calculates partial annuity withdrawal (paw) payouts utilizing actuarial table and annuity amounts, reviews and audits for accuracy, and conducts quality assurance assessments on previously calculated benefits. Posts member transactions to system database as required. Posts transactions to general ledger accounting system, balances entries, and reconciles errors manually or electronically. Reconciles treasury balances with general ledger system and requests funds transfers from custodian bank to state treasury. Reconciles subsidiary accounts with general ledger and assists with budgets, monthly expenditure reports, and fiscal year closing activities. Develops and maintains spreadsheets, databases, and other fiscal reporting methods. Performs other duties as assigned.

Dimensions

None

Knowledge, Skills and Abilities

Knowledge of accounting principles and practices. Knowledge of organizational management, payroll, benefits, and budget processes. Ability to perform and verify the accuracy of mathematical calculations. Ability to use standard computers and software programs. Ability to manipulate data to generate complex reports and documents. Ability to organize, compose, and convey oral and written information. Ability to provide technical assistance to management, auditors, and staff regarding agency operations and procedures.

Minimum Qualifications

The formal education equivalent of a bachelor's degree in accounting, business administration, finance, or a related field; plus one year of experience in business administration, program administration, or related area. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.

Licenses

None

PREFERRED QUALIFICATIONS

Intermediate to advanced skills in Excel.

Ability to problem solve, handle competing priorities, and multi-task.

Ability to meet deadlines.

Ability to handle a high volume of transactions.

Ability to work in a team environment.

Contact Information: Human Resources
Phone: 501-682-1517
Email: humanresources@artrs.gov

Since 1937, the Arkansas Teacher Retirement System has been fulfilling its mission of providing retirement security for Arkansas's past, present, and future public education professionals. The vision of ATRS is to be a model retirement system that sustains the trust of its members and the people of Arkansas through prudent financial stewardship and exceptional customer service.

The State of Arkansas is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, age, disability, citizenship, national origin, genetic information, military or veteran status, or any other status or characteristic protected by law.

Only completed applications will be accepted. Applications must include complete work history and references. A resume may accompany the state application but will not be substituted for any part of the application. False, misleading, or incomplete statements may result in disciplinary action and possible termination.

Employment in this position is subject to a background check and six (6) month initial period for employment review. If a college degree is required for the position for which you are applying, bring a copy of your transcript with you if you are selected for an interview.

Veteran Preference: A copy of a DD-214 must be submitted to the Hiring Official at the time of interview to be considered for Veteran Preference.

Method of pay is direct deposit. Checking or savings account is required if hired.

7% Mandatory contribution to AR Teacher Retirement System is required if hired.

Employees hired or rehired in 2014 or later will be automatically enrolled into the Arkansas Diamond Deferred Compensation 457 Plan with a 3% automatic deduction. If you do not wish to participate, you have 90 days from your first deduction to opt out.

ATRS is an equal opportunity employer.