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Retirement Consultant

Employer
University of Missouri - Columbia
Location
Columbia, Missouri, United States
Salary
Competitive Salary
Date posted
Dec 18, 2024
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Job Details



Hiring Department

Retirement

Job Description

University of Missouri Human Resources provides leadership in the planning, integration, and implementation of human resource services and programs for faculty and staff across all campuses and the health system. Collectively with campus colleagues, we serve as a strategic and trusted advisor, support an inclusive and dynamic culture and workforce, and pursue continuous improvement through knowledge, collaboration and leadership.

The UM HR Retirement team has an overall responsibility for providing support, education, and stewardship for the University of Missouri Retirement Plans for all Faculty and Staff, including matters pertaining to the Defined Benefit Plan, the Hybrid Plan, the Defined Contribution Plan, Voluntary Retirement Plans, and Retiree Health and Welfare programs.

This position will have key responsibilities in the daily retirement functions carried out on behalf of the Board of Curators of the University of Missouri. This position will provide analytical oversight with calculating Retirement Benefits in accordance with the Retirement, Disability, and Death Benefit Plan as well as provide customer support to the department’s daily functions. The following responsibilities are performed by a team of 3.0 FTE and are part of the overall Retirement Team, serving over 55,000 active and separated benefit recipients yearly.

Responsibilities

35% Analyze and calculate defined benefit and health & welfare benefit eligibility.
  • Calculate defined benefit pension creditable service & salary, and eligibility for benefits to which members are entitled under the Plan.
  • Calculate optional forms of pension payments.
  • Understand and maintain knowledge of legal plans and provisions to ensure compliance of processes and determinations.
25% Customer Service & Communication
  • Manage customer relations for all participants, active and separated, and plan beneficiaries by responding to routine and non-routine inquiries to provide counseling regarding Plan provisions, benefit entitlement, and options.
  • Provide excellent customer service and customer experience for all interactions. Maintain confidentiality and provide support to customers on sensitive issues.
  • Serve as subject-matter expert for escalated retirement inquiries and resolution problem solving.
  • Provide assistance to campus colleagues with specific plan provisions or retirement questions.
  • May conduct presentations for employees preparing for retirement and/or to educate retirees on plan changes.
  • May conduct individual retirement planning appointments to interpret and explain Plan provisions, benefit eligibility and options, and retirement process.
25% Voluntary Retirement Plans
  • Provide analytical support for the Voluntary Retirement Plans by determining eligibility, enrolling employees in elections, processing loans and distributions, and reviewing hardship and unforeseeable emergency requests.
  • Analyze and make appropriate updates in response to daily, weekly, or monthly reports.
  • May provide other assistance or back-up as needed.
10% Vendor and Cross Departmental Relationships
  • Work directly with current and legacy retirement plan vendors for various plan administration requirements (loan/distributions, reporting/auditing, hardships, etc.).
  • Work directly with University payroll, Benefits, HR Service Center, HRIS, Campus HR, HR Business Partners, etc. on various plan administration and auditing functions.
5% Other duties as assigned

As with all positions, involvement with other duties and responsibilities may be expected in order to support the mission and purpose of the University of Missouri.

Shift

Monday - Friday, 8am-5pm

Minimum Qualifications

Bachelor's degree or an equivalent combination of education and experience and at least 3 years of experience from which comparable knowledge and skills can be acquired is necessary

Preferred Qualifications

Demonstrated analytical background and strong excel skills.

Ability to understand the UM Retirement Plans and interpret impact to faculty, staff, and retirees. Experience working with defined benefit and defined contribution retirement plans.

Familiarity with university systems (PeopleSoft, Perceptive Content, RPAS) and policies.

Anticipated Hiring Range

Salary Range: $51,875 - $73,008 per year
Grade: GGS-010
University Title: Human resources Consultant
Internal applicants can determine their University title by accessing the Talent Profile tile in myHR.

Application Materials

Complete online application and submit a cover letter and resume.

Community Information

Columbia offers small-town friendliness with big city features and a high quality of life for people of all ages and interests. Founded on education and known as an ideal college town, its location also makes it an attractive spot for businesses and travelers. Located on Interstate 70 and U.S. Highway 63, Columbia is right in the middle of the state and the nation. Just a couple hours’ drive from St. Louis and Kansas City, Columbia is Boone County’s largest population center offering big-city culture, activities, and resources with a low cost of living. Columbia is home to a variety of restaurants and entertainment venues and hosts more than a dozen cultural festivals each year. If you want to grow your career, continue your education, raise a family, and retire, Columbia is a good place to be!

Benefit Eligibility

This position is eligible for University benefits. As part of your total compensation, the University offers a comprehensive benefits package, including medical, dental and vision plans, retirement, paid time off, short- and long-term disability, paid parental leave, paid caregiver leave, and educational fee discounts for all four UM System campuses. For additional information on University benefits, please visit the Faculty & Staff Benefits website at https://www.umsystem.edu/totalrewards/benefits .

Values Commitment

We value the uniqueness of every individual and strive to ensure each person’s success. Contributions from individuals with diverse backgrounds, experiences and perspectives promote intellectual pluralism and enable us to achieve the excellence that we seek in learning, research and engagement. This commitment makes our university a better place to work, learn and innovate.

In your application materials, please discuss your experiences and expertise that support these values and enrich our missions of teaching, research, and engagement.

Equal Employment Opportunity

The University of Missouri System is an Equal Opportunity Employer. Equal Opportunity is and shall be provided for all employees and applicants for employment on the basis of their demonstrated ability and competence without unlawful discrimination on the basis of their race, color, national origin, ancestry, religion, sex, pregnancy, sexual orientation, gender identity, gender expression, age, disability, or protected veteran status, or any other status protected by applicable state or federal law. This policy applies to all employment decisions including, but not limited to, recruiting, hiring, training, promotions, pay practices, benefits, disciplinary actions and terminations. For more information, visit https://www.umsystem.edu/ums/hr/eeo or call the Director of Employee and Labor Relations at 573-882-2146.

To request ADA accommodations, please call the Director of Accessibility and ADA at 573-884-7278.

54340

Company

 Mizzou

The University of Missouri was founded in 1839 in Columbia, Mo., as the first public university west of the Mississippi River and the first state university in Thomas Jefferson's Louisiana Purchase territory. MU provides all the benefits of two universities in one — it's a major land-grant institution and Missouri's largest public research university.

Considered one of the nation's top-tier institutions, Mizzou has a reputation of excellence in teaching and research, and is the flagship campus of the four-campus University of Missouri System. It is one of only 34 public universities, and the only public institution in Missouri, to be selected for membership in the Association of American Universities. MU offers more than 280 degree programs — including more than 75 online degree options — and is designated as comprehensive doctoral with medical/veterinary by the Carnegie Foundation for the Advancement of Teaching.

Mizzou is recognized nationally and receives top rankings for its programs in many areas, including journalismdispute resolutionfamily and community medicinecampus writing program and Freshman Interest Groups. As one of only six public universities in the country with medicineveterinary medicine and law all on one campus, MU provides Missouri with an educated work force of doctors, veterinarians and lawyers.

At Mizzou, we know how to make an impact—and our work reaches far beyond our campus. When you become part of our community, you’ll be part of our collective effort to teach, to learn and to drive change that results in better lives and brighter futures for the world.

Mizzou Tigers are lifelong learners, and that includes our faculty and staff members. All employees have the opportunity to pursue personal and professional growth and acquire new skills for their own benefit and the benefit of the university.

Our university seeks to support the whole employee, and that includes a competitive compensation and benefits package, support that will help you find work/life balance, a focus on career planning and plenty of opportunities to find and be recognized for your success.

We support an engaged and energized university community through competitive medical, dental and vision insurance as well as diverse programs to support whole-person wellness.

Mizzou empowers employees to make a lasting financial plan with retirement plan options, some of which are accessible to all faculty and staff, no matter their eligibility for other benefits.

Mizzou is a world-renowned educational and research institution, and our first-rate faculty, staff and students are part of something big. If you’re looking for a vibrant community that offers endless opportunities to grow and make a difference throughout our state, the nation and the world, our university may be the place for you. 

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