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Pension consultant vs senior benefits specialist

The differences between pension consultants and senior benefits specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a pension consultant and a senior benefits specialist. Additionally, a pension consultant has an average salary of $74,793, which is higher than the $50,211 average annual salary of a senior benefits specialist.

The top three skills for a pension consultant include calculation, plan administration and ERISA. The most important skills for a senior benefits specialist are customer service, HR, and HRIS.

Pension consultant vs senior benefits specialist overview

Pension ConsultantSenior Benefits Specialist
Yearly salary$74,793$50,211
Hourly rate$35.96$24.14
Growth rate7%7%
Number of jobs6,58334,999
Job satisfaction--
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 67%
Average age4545
Years of experience66

Pension consultant vs senior benefits specialist salary

Pension consultants and senior benefits specialists have different pay scales, as shown below.

Pension ConsultantSenior Benefits Specialist
Average salary$74,793$50,211
Salary rangeBetween $52,000 And $106,000Between $34,000 And $72,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between pension consultant and senior benefits specialist education

There are a few differences between a pension consultant and a senior benefits specialist in terms of educational background:

Pension ConsultantSenior Benefits Specialist
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Pension consultant vs senior benefits specialist demographics

Here are the differences between pension consultants' and senior benefits specialists' demographics:

Pension ConsultantSenior Benefits Specialist
Average age4545
Gender ratioMale, 51.7% Female, 48.3%Male, 25.4% Female, 74.6%
Race ratioBlack or African American, 10.5% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 62.1% American Indian and Alaska Native, 0.4%Black or African American, 10.6% Unknown, 3.6% Hispanic or Latino, 15.6% Asian, 7.3% White, 62.5% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between pension consultant and senior benefits specialist duties and responsibilities

Pension consultant example responsibilities.

  • Recruit to manage key client engagements to define global strategic sourcing projects and solutions to utilize technology and advance ERP systems.
  • Research and compile documents to assist senior legal counsel specific to ERISA litigation.
  • Fast learner, note for quickly developing strong knowledge of IRS rules for insurance industry.
  • Leverage sales skills to identify customer needs and create new opportunities to transfer assets to TIAA-CREF.
  • Pioneer the Spanish initiative, in taking the first calls in Spanish for TIAA-CREF along with a small team.
  • Review court orders and relate legal documents to ensure compliance with applicable IRC provisions, ERISA, and qualify plan requirements.
  • Show more

Senior benefits specialist example responsibilities.

  • Develop and manage leave of absence program in accordance with company policy, FMLA and applicable state laws.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Coordinate with STD/FMLA carrier and payroll to process disability and FMLA claims.
  • Set up new hires in Kronos time & labor system as well as work schedules.
  • Act as liaison with vendors to insure accurate and timely claims processing according to HCFA, HIPAA and Medicare guidelines.
  • Prepare weekly payroll utilizing Kronos software.
  • Show more

Pension consultant vs senior benefits specialist skills

Common pension consultant skills
  • Calculation, 19%
  • Plan Administration, 14%
  • ERISA, 13%
  • Government Filings, 12%
  • Plan Provisions, 11%
  • Plan Design, 10%
Common senior benefits specialist skills
  • Customer Service, 11%
  • HR, 9%
  • HRIS, 7%
  • Life Insurance, 4%
  • Benefits Administration, 4%
  • Cobra, 4%

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