Job Purpose: Performs 401k Plan Administration assignments based on Balance
Forward platform.
Job Responsibilities:
Technical Responsibilities:
- Responsible for operational tasks associated with Defined Contribution plans in compliance with plan provisions.
- To assist in maintaining pension data, plan administration and contribution calculations.
- Research Census records, identify missing information and draft required queries. Eligibility Calculation
- To calculate plan contributions like Profit Sharing, Match contribution, Safe Harbor Match and Safe Harbor Non Elective.
- Perform several compliance tests like – Non Discrimination, Top Heavy, Coverage tests, Gateway and General Tests, Compensation tests etc.
- Trust Accounting and Reconciliation knowledge.
- Loan Processing and distributions transactions postings.
- Receivables identification and gain/loss calculation.
- Form 5500 series preparation.
Operation Responsibilities:
- Assists other team members in case of volume spikes to help in meeting team targets
- Completes process by analyzing and auditing documents, researching and resolving processing problems.
- Provides information by collecting, analyzing, and summarizing information, responding to queries
- Resolves escalations/issues by investigating and composing responses.
- Maintains quality service by monitoring standards, advising supervisor of potential problems.
- Prepares reports by collecting and analyzing information
- Updates job knowledge by participating in educational opportunities
- Enhances department and organization reputation by accepting ownership for accomplishing new and different requests, exploring opportunities to add value to job accomplishments.
Required Qualifications: B.Com., M.Com., CA, ICWA, B.Sc./M.Sc. – Mathematics, MBA
Operational knowledge of MS Office and excellent English communication skills are mandatory.
Required Experience: Two years of relevant experience on end-to-end DC plan processing on Balance Forward platform.
Required Skills: Proactive, Attention to Detail, Research Skills, Problem Solving, Quality Focus, Dependability.
Role: Finance & Accounting - Other
Industry Type : Analytics / KPO / Research
Department: Finance & Accounting
Employee Type: Full Time, Permanent
Key Skills: Profit Sharing Calculation, Trust Accounting, Non Discrimination Testing, Email Communication, Defined Contribution, 5500, Top Heavy Testing, Excel, Team Management, 401K, Pension Administration
Job Types: Full-time, Permanent
Pay: ₹300,000.00 - ₹420,000.00 per year
Benefits:
Education:
Work Location: In person
