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Lead Analyst - Burlington, MA

Company:
Aon Corporation
Location:
Burlington, MA
Posted:
April 26, 2024
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Description:

Posting Description:

Do you like applying your critical thinking and technical analytical skills to tackle problems and help clients? Are you inspired to help lead teammates? We would love to have you join our outstanding Pension Administration team!

This Pension Specialist role is a hybrid role with the flexibility to work both virtually and from our Burlington, MA office.

The target salary range for this position in Burlington, MA is $80,000-$86,500 annually. The actual salary will vary based on the applicant’s education, experience, skills, abilities, internal equity, and alignment with market data. The salary may also be adjusted based on the applicant’s geographic location. This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

As a Pension Administration Team Lead Analyst, the qualified applicant will be working as part of the Pension Administration group, which is responsible for providing defined benefit administrative services to clients and responsible for assisting with special projects and acting as a mentor and role model.

Daily Responsibilities:

Benefit Calculations, Defined Benefits, and Plan Provisions Knowledge

Understand advanced Defined Benefit principles and legislation

Staying up to date on clients' pension plan provisions, data, and DBCalc/PenProPlus system to train and coach teammates

Perform both first and second checks of calculations

Ensure accuracy and quality of system-generated calculations and communication statements

Assist the Project Manager in the development of the Requirements Document for new implementations or ongoing client updates

Review Requirements and other documentation in the database; Read and understand legal plan document and identify inconsistencies with Requirements

Incorporate understanding of Plan document, Defined Benefits knowledge

Understand and apply concepts of Actuarial Equivalence

Perform manual intervention

Identify and document any unusual aspects of calculations and complete more complicated non-standard calculations.

Consult with client and/or actuary on non-standard benefit calculations, special programs or projects, and other administrative requests

Monitors client team to ensure all calculations are completed within set timeframes

Monitors "on hold" calculations to ensure timely follow-up and completion

Colleague Coaching

Act as a team resource for clients' Events Requirements and standard ongoing processes, processing of payments and leads monthly payment reconciliation process, 2nd check payment entry

Identify and research data questions or edits and respond to other participant inquiries

Assist Project Manager with special projects

Lead clients' special projects

Documents outlining annual events, processes, and unique situations in client databases

Skills and experience that will lead to success:

Undergraduate degree or equivalent experience

Strong spreadsheet knowledge (i.e., Excel)

Basic database knowledge preferred but not required (i.e., Access)

Defined Benefit technical knowledge

Actively participates in and leads trainings

Coaching/mentoring for team members

Strong command of DBCalc tools, DBAdmin, YPR and CalcsLog or PenProPlus

Understands client's dataload process and principles of testing

Facilitates the maintenance and update of all systems

How we support our colleagues

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

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