Retirement Benefits Analyst

Job Posting Organization:
The Asian Development Bank (ADB) is a leading multilateral development bank that was established in 196

• Its mission is to alleviate poverty and promote sustainable development in the Asia-Pacific region. ADB is headquartered in Manila, Philippines, and is owned by 69 members, with 50 of them from the region. The organization employs a diverse workforce and operates in multiple countries, focusing on inclusive, resilient, and sustainable growth. ADB collaborates with its members and partners to address complex challenges, utilizing innovative financial tools and strategic partnerships to transform lives and build quality infrastructure. ADB is committed to creating an inclusive environment where everyone is treated with respect and given equal opportunities, encouraging candidates from all backgrounds to apply, particularly women.

Job Overview:
The Retirement Benefits Analyst position is situated within the Office of the Director General, Retirement Benefits and Investment Unit (BPOD-RIU) of the Budget, People, and Management Systems Department (BPMSD) at ADB. The role is crucial for providing technical support in pension-related areas, including the administration of the Staff Retirement Plan (SRP) and the Discretionary Benefits Scheme. The analyst will ensure the effectiveness of policies, procedures, and systems related to these plans. The position requires a proactive approach to reviewing policies and processes, drafting reports and presentations, analyzing operational data, and managing retirement benefits records. The analyst will also serve as a focal point for retirement benefits matters, coordinating with various stakeholders to enhance service delivery and compliance with established standards.

Duties and Responsibilities:
The Retirement Benefits Analyst will be responsible for a variety of tasks, including: conducting reviews of policies, processes, systems, and tools to provide recommendations for enhancing service delivery and compliance; drafting and coordinating knowledge products, reports, presentations, and correspondence; reviewing operational data to identify trends and prepare assessment reports; determining entitlements by analyzing pension and benefit cases; processing claims and payments in accordance with ADB procedures; investigating reconciliation issues and coordinating with internal and external parties; managing and monitoring retirement benefits records and filing systems; evaluating user requirements and recommending enhancements to digital content; and performing other duties as assigned in the workplan.

Required Qualifications:
Candidates must possess a Bachelor's degree in Business Administration or a related field. Additional training in data visualization, HR analytics, and familiarity with pension and investment concepts is advantageous. A minimum of 5 years of relevant professional experience is required, particularly in the administration of pension plans. Candidates should demonstrate experience in analyzing retirement, pension, or benefits data and liaising effectively with clients. Experience in a team-based environment, familiarity with HR management systems, and effective report writing and communication skills in English are essential. Practical experience in handling sensitive personal and financial information, as well as organizing benefits-related records, is also required.

Educational Background:
The position requires a Bachelor's degree in Business Administration or a related field. Additional training or certifications in data visualization, HR analytics, or pension and investment concepts would be beneficial and enhance a candidate's profile.

Experience:
The ideal candidate should have at least 5 years of relevant professional experience, particularly in the administration of pension plans and benefits. Experience in analyzing retirement and benefits data, as well as working in a team-based environment, is crucial. Familiarity with HR management systems and data analysis tools will be considered an advantage.

Languages:
Effective communication skills in English are mandatory for this position. Proficiency in additional languages may be considered beneficial but is not explicitly required.

Additional Notes:
This position is a fixed-term appointment for an initial period of 3 years, with the possibility of extension for up to 2 years or conversion to a regular appointment based on performance and organizational needs. ADB offers competitive compensation and a comprehensive benefits package, including paid leave, medical and health benefits, life insurance, staff development opportunities, and a retirement plan. The appointment is open to both internal and external applicants, and ADB encourages applications from all qualified candidates, particularly women.