Process Specialist - Compliance Testing

Principal Financial Group; Maharashtra; On-site; INR 500,000 - 800,000; Full time

Benefits offered by this job

Brand-new technologies

Inclusive culture

Learning & development

Competitive compensation

Job summary

Principal Financial Group in India is seeking a detail-oriented professional to manage Form 5500 filings, retirement-plan compliance, and audit support. You will review and prepare regulatory filings, assist auditors with IRS/DOL requirements, and respond to client queries within SLAs, leveraging strong analytical and communication skills.

The role emphasizes retirement products knowledge, back-office experience, and MS Excel proficiency, with opportunities to grow into more complex compliance

Qualifications

• 2-4 years of relevant experience.
• Retirement domain and Form 5500 filings/compliance testing experience preferred.
• Researching skills, eye for detail, knowledge about retirement products.
• Ability to manage client questions and assist with compliance testing questionnaires.
• Strong written and verbal communication.

Responsibilities

• Verify, create, modify and update client Form 5500 filings and support Auditors in IRS/DOL filings.
• Handle and help clients within defined SLA.
• Perform compliance testing and audits.
• Communicate clearly with clients and team members.
• Analyze details to determine required processing actions.
• Suggest improvements to procedures and processes.

Skills

Attention to detail

Analytical skills

Strong communication

Client service

Willingness to work in shifts

Education

Back office experience 1-2 years

Tools

MS Excel

Job description

About the role

This role is responsible for managing Form 5500 filings, compliance activities, and audit support for U.S. retirement plans. The incumbent will review, create, and update regulatory filings, assist auditors with IRS and DOL requirements, and support clients by addressing compliance-related queries within defined SLAs. The role requires strong analytical skills, attention to detail, and experience in retirement plans, compliance testing, or financial services operations. It also offers opportunities to develop specialized expertise and take on more complex responsibilities based on performance.

Responsibilities

This role is responsible for managing Form 5500 filings, compliance activities, and audit support for U.S. retirement plans. The incumbent will review, create, and update regulatory filings, assist auditors with IRS and DOL requirements, and support clients by addressing compliance-related queries within defined SLAs. The role requires strong analytical skills, attention to detail, and experience in retirement plans, compliance testing, or financial services operations. It also offers opportunities to develop specialized expertise and take on more complex responsibilities based on performance.

• Verify, create, modify and update clients form 5500 filing and provide support to Auditors file their Audits with IRS and DOL. Employee should also be able to handle and help clients / individual customers within defined SLA
• Should have experience on Compliance, Form 5500 Filing and audits.
• Should have good written and verbal communication
• Analyze details to determine appropriate action needed in term of processing the transactions.
• Consult available resources including technical documentation, updates, computer system application features, coworkers and Mentors to perform daily task. Make suggestions for improvement in procedures/processes
• Efficiently and effectively process work to meet or exceed production expectations
• Perform assigned work accurately to meet or exceed quality expectations that results in increased client satisfaction and profitability for PFG
• Improve personal effectiveness that positively impacts work, environment and enhancement of skills
• Develop partnerships among peers and those supported to increase ownership of work and sustain an efficient process
• Compliance to PGS policies and Flexibility as per business needs
• Perform other job related duties, other processes within the BU or special projects as required or as assigned by superior
• Should be willing to work from office.
• Promote team development through shared knowledge and information with team members in working to resolve unusual or tricky situations.
• Adherence to Compliance, Information security, Internal and External statutory and regulatory requirements.

Qualifications

Requirements

• 2 - 4 years of relevant experience
• Candidate preferred with Retirement domain and 5500 filings/compliance Testing experience.
• Should have researching skills, eye to detail and knowledge about the retirement products.
• Should be able to manage client’s question and help them submit compliance testing questioner.
• Should have good written and verbal communication.
• Working knowledge on MS Office tools, specifically MS Excel.
• Minimum of 1-2 years of experience in back office. Insurance, Retirement plan and Financial Institution experience preferred.
• Excellent written and verbal communication skills, Critical thinking, Analytical and problem-Solving skills, Willingness to work in shifts.

Abilities

• Strong Working knowledge on MS Office tools specifically Advance MS Excel.
• Minimum of 1-5 years experience in back office. Insurance and Financial Institution experience preferred.
• Excellent written and verbal communication skills , Analytical skills, Willingness to work in shifts.
• Multitasking and effective decision making . Strong Customer service skills.
• Interpretation skills
• Make sound business decision
• Embrace Change
• Build strong Partnership
• Get results
• Act Strategically
• Lead Cultivate Talent
• Logical and Critical thinking

Additional Information

At Principal, we believe in nurturing talent and providing a collaborative environment where you can thrive. We offer:

• Opportunities to work on brand-new technologies and innovative projects.
• An encouraging and inclusive culture that values diversity.
• Continuous learning and development programs to help you achieve your career goals.
• Competitive compensation and benefits.

Join us and be part of a team that pursues outstanding quality and strives to provide extraordinary solutions. Your contributions will directly influence your success and help us remain leaders in the financial services industry. We are excited to see the outstanding work you will achieve with us!