LEAD-ASSOCIATE

Voya India; Bengaluru; On-site; INR 800,000 - 1,300,000; Full time

Job summary

Voya India is seeking an ERISA Analyst to handle non-discrimination testing (ADP/ACP, 415, 410(b)) and deliver signature-ready Form 5500 filings for its retirement and benefits clients. The role focuses on ensuring data integrity, working with relationship managers and clients, and coordinating with client auditors to meet regulatory deadlines.

Strong MS Office skills, especially Excel, and a Graduate degree are required, with prior retirement domain experience preferred.

Qualifications

• Retirement/ERISA domain knowledge and client-facing skills.
• Ability to engage with clients and manage relationships.
• Strong analytical and communication abilities.

Responsibilities

• Complete non-discrimination testing and Form 5500 preparation within regulatory deadlines.
• Assist relationship managers and clients with data issues, test results, and projected testing.
• Collaborate with client auditors to resolve inquiries regarding Form 5500 reporting.
• Develop testing and reporting strategies and implement system requirements.
• Prepare audit packages to support the Form 5500 filing.
• Perform quality review of testing and reporting by teammates.
• Validate data, methodology, and plan parameters for accuracy.
• Assist in cure strategies for failed tests and calculate return-of-excess amounts.

Skills

Retirement Domain Experience

Partnership and Client Relationship Mg

Engaging

Education

Graduation

Tools

MS Office

Excel

Job description

Voya India (earlier VFISLK) started out as a joint venture between U.S. financial services company Voya Financial and SLK, a software services company and is head quartered at Bangalore. As of Aug 2023, we are a wholly owned subsidiary of Voya Financial. We are a dynamic technology & business process transformation company that provides world-class technology & business process management services, with an emphasis on quality, speed & optimization driven through automation. We support and deliver innovative solutions to Voya’s Retirement, Employee Benefits, and Investment Management businesses.
More information about us is available at: https://www.voyaindia.co

Role Summary

The ERISA Analyst is responsible for the completion of non-discrimination testing (ADP/ACP, 415, 410(b), Top Heavy), execution of test cure strategies and delivery of signature ready Form 5500s for Voya clients.

Roles & Responsibility

Complete non-discrimination testing and Form 5500 preparation for plans within

prescribed regulatory deadlines. Provide assistance to relationship managers and clients

regarding data inconsistencies or gaps, test results, and less complex projected testing

results. Work with client and client auditors to resolve inquiries regarding Form 5500

reporting requirements.

Develop for review the testing/reporting strategy and implement Omni/ASC system

requirements. Prepare audit packages as needed in support of the Form 5500 filing

process.

Perform quality review of testing/reporting prepared by other team members.

Validate methodology, data and plan level parameters to ensure accurate

testing/reporting for all clients.

Under the direction of an ERISA Consultant, assist in the development and execution of

cure strategies for failed tests and/or in response to projected testing results. Prepare

calculation of return-of-excess amounts and attributable earnings, QNEC/QMAC,

recharacterization of amounts to after-tax or catch-up as permitted by plan design.

Education

Graduation

Primary Skill

Retiement Domain Experience is must

Partnership and Client Relationship Management

Engaging

Secondary Skill

Solid technical aptitude of MS Office with strong excel