Retirement Plan Specialist

Mphasis; Chennai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

A leading company in investment banking seeks a Retirement Plan Specialist with 3-8 years of experience in Retirement Services. The role involves managing benefits calculations, ensuring ERISA compliance, and handling disbursements. Candidates should be willing to work flexible night shifts and immediate joiners are preferred. Industry certifications are an advantage.

Qualifications

• 3-8 years of experience in Retirement Services.
• Knowledge in Defined Benefits Operations and ERISA Compliance.
• Ability to handle tasks within TAT.

Responsibilities

• Perform Benefits calculations and reviews for retirement plans.
• Ensure compliance with ERISA and prepare plan data for audits.
• Handle loan activities and disbursements related to retirement funds.

Skills

Benefits calculations

ERISA Compliance

Money In and Loans

Disbursements

MS Excel

Education

Industry certifications (e.g., ASPPA RPF)

Job description

Direct message the job poster from Mphasis

Maximum 3 - 8 years of experience in Retirement Services, with knowledge in one or more of the following areas:

1. Defined Benefits Operations (e.g., Benefits calculations, Benefits Review), Benefits Calculation for Retirement, Termination, Disability, Death, Divorce, proficiency in MS Excel, and experience in manual calculations.
2. ERISA Compliance - US Retirement Plan Testing & Reporting experience. Preparing responses to external auditor questions regarding plan data, including Form 5500 and year-end trust statements.
3. Money In and Loans - Experience handling money in & Loan activities such as check processing, contribution, loan initiation, repayments, and reamortization.
4. Disbursements - Experience with distributions such as Hardship withdrawals, QDRO, RMD, in-service distributions, and processing 401K contributions and loan repayments.

• Industry certifications (e.g., ASPPA RPF) are an advantage.
• Ability to handle tasks and provide resolutions within TAT.
• Stay current with product, process, and service knowledge.
• Ensure full adherence to quality parameters and schedule.

Note: Candidate should be willing to work flexible night shifts.

Immediate joiners preferred, with a maximum 30-day notice period.

Passport is mandatory.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance, Other, and Accounting/Auditing

Industries

• Investment Banking and Banking

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