Defined Contribution – Implementation Benefits Manager

7 years

0 Lacs

Posted:4 days ago| Platform: Linkedin logo

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Work Mode

On-site

Job Type

Full Time

Job Description

  • Analyze, convert and reconcile data for plan conversions/deconversions and develop payroll data feed layouts for periodic payroll loads.
  • Communicate with clients, prior recordkeepers and successor recordkeepers, regarding data layouts and conversion data.
  • Code and test approved plan specifications using FIS’s Omni DC recordkeeping platform.
  • Execute the necessary asset transfer activity required for plan conversions/deconversions.
  • Coordinate setup of voice response systems, including requesting messages, modifying transaction confirmation templates and transaction confirmation testing.
  • Provide post-conversion training for the ongoing administration team, call center and plan sponsor as needed.
  • Provide ongoing support of operational administration clients for needed specification changes, data maintenance, reporting and technical processing.
  • Monitor progress for all assigned projects and update the appropriate project management tool(s) on a proactive and timely basis.
  • Document processes, problems and timelines for mergers/conversions /spinoffs.
  • Act as a liaison between business and technology teams, responsible for system defect submissions and correction confirmation. Perform testing for all system enhancement and service releases.
  • Assist with the development and/or review of Omni system enhancement requests.
  • Identify, analyze and assist in executing improvements for any daily administrative processes and procedures.
  • Ensure final work products are of high quality, provided in a timely fashion and adhere to internal implementation guidelines, plan descriptions and sample calculations.

Job Requirements

  • FIS Omni Admin DC/Omni systems experience required.
  • Minimum of 7 years’ experience with OmniScript and/or custom system programming using textfiles required.
  • Experience extracting data and reporting from Omni systems required.
  • Experience with additional FIS systems preferred: EXP/Power Image, OmniPay, OmniManager and/or OmniStation.
  • Bachelor’s degree in Mathematics, Statistics, Computer Science, Finance or other analytical field preferred.
  • Demonstrated knowledge of applicable 401(k) regulatory environment; IRC and ERISA provisions, including associated regulations.
  • Background that includes nonqualified and/or Defined Benefits plans a plus.
  • Ability to read and understand plan document language and provisions required.
  • Strong organizational skills, with the ability to track multiple tasks and issues, set goals and prioritize tasks in a fast paced environment.
  • Strong verbal and written communication skills.
  • Strong analytical and mathematical skills, with an emphasis on the details.
  • Ability to solve problems efficiently while being innovative and creative.
  • Ability to work in a team environment and individually.
  • Data analysis experience using Microsoft Excel, Microsoft Access, SQL or other database management programs required.
  • Knowledge/experience in programming/coding with a high-level language, such as COBOL, Pascal or Visual Basic, preferred.
  • Qualified 401K Administrator/Consultant (QKA/QKC) or Qualified Pension Administrator (QPA) designation from the American Society of Pension Professionals & Actuaries (ASPPA) preferred

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Milliman

Consulting, Actuarial Services

Seattle

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