Senior Financial Analyst - SME

Finbuzz; Hyderabad; On-site; INR 500,000 - 800,000; Full time

Job summary

A financial services firm in Hyderabad is seeking candidates for a quality control role in DC/401(k) Plan processing. The ideal candidate will have 4-5 years of experience, strong analytical skills, and a thorough understanding of compliance standards. This role focuses on ensuring quality checks and providing technical training to subordinates, while also assisting the team in achieving targets.

Qualifications

• 3-6 years of relevant experience in DC/401(k) Plan processing.
• 1-2 years of experience in quality checks and reviews.
• Operational knowledge of MS Office and excellent English communication skills.

Responsibilities

• Perform quality checks and reviews of projects.
• Ensure compliance tests are computed as per Plan provisions.
• Assist team members during volume spikes.

Skills

Thoroughness

Attention to Detail

Research Skills

Problem Solving

Customer Focus

Quality Focus

Proactive

Dependability

Education

B.Com.

M.Com.

CA

ICWA

B.Sc./M.Sc. – Mathematics

Tools

MS Office

Job description

Job Purpose

Performs quality check and reviews of the projects processed by subordinates on the set protocols and always adhere to quality standard.

Experience

3-6 years

Shift Slot

Day Timings

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.
• Earnings Allocations.
• Review of Form 5500 & it’s 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.

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.