Pension Benefits Business Consultant

Deloitte Deloitte · Consulting

This role is for a Pension Benefits Business Consultant within Deloitte's AI & Engineering team, focusing on transforming technology platforms and driving innovation for clients. The consultant will gather and document pension plan requirements, define benefit calculation logic, develop process flows, translate policies into configuration logic for a pension calculation engine, analyze data, and collaborate with product, technology, and UI/UX teams. Responsibilities include planning and executing scenario-based testing and complex calculation validation.

What you'd actually do

  1. Gather and document pension plan requirements, including plan provisions (FERS, CSRS, state/local, or commercial), eligibility/vesting rules, and service crediting definitions (credited vs. vesting service).
  2. Define and maintain benefit calculation requirements (e.g., high-3, accrual formulas), service purchase/buyback rules, and annuity options including survivor benefit elections.
  3. Develop end-to-end pension process flows spanning estimate requests, retirement processing, and post-retirement lifecycle activities.
  4. Translate pension policies into configuration logic and executable business rules for the pension calculation engine.
  5. Analyze and validate source data (employment/service history, contribution history) to ensure calculation inputs are complete, accurate, and auditable.

Skills

Required

  • Bachelor's degree
  • Legally authorized to work in the United States without sponsorship
  • 3+ years of experience delivering benefits plans
  • 2+ years of experience with Pension plan structures, service history, eligibility rules, and benefit calculations
  • Ability to travel 0-50%

Nice to have

  • Prior experience supporting Federal, State, or Local benefits products
  • Prior experience supporting Large employer environments
  • Familiarity with state or municipal pension systems, and FERS/CSRS plans

What the JD emphasized

  • 3+ years of experience delivering benefits plans for clients in roles such as a product manager, benefits operations manager, benefits analysts, benefits administration, business analysis etc.
  • 2 + years of experience with Pension plan structures, service history, eligibility rules, and benefit calculations.