Financial Analyst

Finbuzz; Hyderabad; On-site; INR 600,000 - 800,000; Full time

Job summary

A financial services firm in Hyderabad is seeking a candidate for 401(k) Plan Administration. The role requires 2 years of experience in Defined Contribution processing on a Balance Forward platform, strong attention to detail, and problem-solving skills. Candidates with a B.Com., M.Com., CA, ICWA, or Mathematics degree are encouraged to apply. This position offers opportunities for professional growth in a specialized financial environment.

Qualifications

• 2 years of relevant experience with Defined Contribution/401(k) Plan processing.
• Experience on Balance Forward platform.

Responsibilities

• Responsible for operational tasks for Defined Contribution plans.
• Assists in maintaining pension data and plan administration.

Skills

Proactive

Attention to Detail

Research Skills

Problem Solving

Quality Focus

Dependability

Education

B.Com.

M.Com.

CA

ICWA

B.Sc./M.Sc. - Mathematics

Job description

Job Purpose

Performs 401(k) Plan Administration assignments based on Balance Forward platform.

Experience

2-4 years

Shift Slot

Day Timings

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.
• Loans and Distributions transactions postings.
• Receivables identification and gain/loss calculation.

Operational 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.

Required Experience

Two years of relevant experience on end-to-end Defined Contribution/401(k) Plan processing on Balance Forward platform.

Required Skills

Proactive, Attention to Detail, Research Skills, Problem Solving, Quality Focus, Dependability.

Finbuzz Financial Services offers a comprehensive suite of support services specifically tailored for US Defined Contribution Plan Third Party Administrators.

These services are crafted to streamline administrative and compliance processes, utilizing specialized expertise and an efficient outsourcing model.