Job Purpose: Performs quality check and reviews of the projects processed by subordinates on the set protocols and always adhere to quality standard. Technical Responsibilities: Understanding and interpretation of Plan document and Adoption Agreement. Strong understanding of ERISA and IRCs. Quality control and in-depth Reviews of Defined Contribution Plan Administration related assignments/tasks. Ensure Eligibility and Contribution calculation are computed as per Plan provisions. Review Contribution like Profit Sharing, Match contribution, Safe Harbor Match and Safe Harbor Non Elective. Ensuring several compliance tests like Non Discrimination, Top Heavy, Coverage tests, Gateway and General Tests, Compensation tests etc. are computed in adherence to Plan provisions. Reviews of Trust Accounting, Loans and Distribution postings. Receivables identification. Earnings Allocations. Review of Form 5500 & its related schedules. Operation Responsibilities: Assists other team members in case of volume spikes to help in meeting team targets. Assisting subordinates and ensuring they have clear understanding about the assignments. Technical training and coaching to subordinates. Analysing and auditing documents, researching and resolving processing problems. Responding to queries. Resolves escalations/issues by investigating and composing responses. Maintains quality service by monitoring standards; advising/solving potential problems. Prepares reports by collecting and analysing information. Updates job knowledge by participating in educational opportunities. Required Qualifications: B.Com., M.Com., CA, ICWA, B.Sc./M.Sc. – Mathematics. Operational knowledge of MS Office and excellent English communication skills are mandatory. Required Experience: Overall 2 to 3 years of relevant experience in DC/401(k) Plan processing and 1 to 2 years of quality checks and reviews. So, overall 4-5 years of industry experience. Required Skills: Thoroughness, Attention to Detail, Research Skills, Problem Solving, Customer Focus, Quality Focus, Proactive, Dependability
Perform operational and analytical tasks related to 401(k) / Defined Contribution plan administration, ensuring accuracy, compliance, and quality in all deliverables. Perform administrative functions for Defined Contribution (DC) plans Health insurance
About Organization Finbuzz Financial Services is outcome of extensive effort and expertise of core members in USA Defined Contribution/401k Plan Administration. We are a KPO & serve US based CPAs and Pensions experts. We provide support/back end services to them in administration of Pension Plan (or 401k Plan). Job Description for the position of Financial Analyst/Senior Financial Analyst Location- Hyderabad Exp 1-5years Shift Slot Day Timings 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 assists 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 analysing and auditing documents, researching and resolving processing problems. Provides information by collecting, analysing, 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 analysing 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. 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.