Job Description
Job Description:
The purpose of this position is to support the ongoing operations and maintenance of the PeopleSoft Pension Administration system for MTA's administered pension plans in compliance with MTA's security technologies that are designed to protect the corporate infrastructure at the host, endpoint, cloud, application levels. This position is responsible for:
- Enhancing / modifying / troubleshooting existing pension processes, implementing new processes allowing for accurate, secure and compliant pension processes, calculations and estimates.
- Implementation & support of all customizations required to comply with pension legislation, regulatory requirements and collective bargaining agreements, ensuring that sensitive data is identified, and properly protected through the use of the appropriate security technologies.
- Migration of legacy data to a centralized & highly customized Peoplesoft pension administration system, upgrading its efficiency through centralized administration.
- Configuration of all pension rules including eligibility, participation, consolidation (hours, earnings, contributions), vesting, benefit formulas, optional forms.
- Supporting various bolt on applications, including but not limited to the pension loans administration system
The following knowledge, skills, and abilities are required for this position; PeopleSoft HCM & PeopleSoft Pension Administration knowledge including:
Pensions configuration expertise including pension administration module tables & calculation phase (individual & batch) including;
- Consolidated Hours, Earnings, and Contributions
- Service Eligibility, Benefit, and Vesting Service
- Plan Eligibility and Participation
- Vesting and Benefit Eligibility
- Benefit Earning Limitations - 415 Limit Earnings
- Final Average Earnings and 401(a)(17) Limits / Kingston Cap Limits
- Overtime Earning Caps as Per CBA's and statutory changes
- 415 Limit High 3 and 401(a)(17) Limits
- Early Retirement Factors
- Benefit Formulas including death benefits
- Retiree payroll
- nnual actuary valuation reporting
- nnual cost of living adjustments
- Pension loans administration
- Service purchase buybacks
Technical skills including PeopleTools, PeopleCode, SQR, App Engine, and COBOL
Ability to keep abreast of the technical solutions available in the marketplace and ability to recognize their applicability at MTA.
Must be able to recognize when a process requires additional controls and then implement appropriate procedural changes.
Adhere to and be guided by all appropriate MTA IT procedures and standards (e.g., project management methodology, systems development lifecycle, service level agreements)
Excellent problem-solving, analytical, planning, and project management skills.
Ability to communicate in oral and written form to users at all levels of the company; particularly requires the ability to convey technical information to a non-technical audience.
The candidate must have recent experience in the implementation of integrated pension administration solutions in the public sector .
About Us:
InterSources Inc , a Certified Diverse Supplier, was founded in 2007 and offers innovative solutions to help clients with Digital Transformations across various domains and industries. Our history spans over 16 years and today we are an Award-Winning Global Software Consultancy solving complex problems with technology. We recognize that our employees and our clients are our strengths as the diverse talents and opportunities they bring to the table enable us to grow as a global platform and they are causally linked with our success. We provide strategic and technical advice, and we have expertise in areas covering Artificial Intelligence, Cloud Migration, Custom Software Development, Data Analytics Infrastructure & Cloud Solutions, Cyber Security Services, etc. We make reasonable accommodations for clients and employees and we do not discriminate based on any protected attribute including race, religion, color, national origin, gender sexual orientation, gender identity, age, or marital status. We also are a Google Cloud partner company. We align strategy with execution and provide secure service solutions by developing and using the latest technologies that thrive our resources to deliver industry-leading capabilities to our clients and customers, making it convenient for our clients to do business with InterSources Inc. Our teams also drive growth by refining technology-driven client experiences that put the users first, providing an unparalleled experience. This results in strengthening the core technologies of clients, enabling them to scale with flexibility, create seamless digital experiences and build lifelong relationships. InterSources
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