Senior Process Specialist

Fidelity Investments; Chennai District; On-site; INR 600,000 - 900,000; Full time

Job summary

Fidelity Investments in Chennai is seeking a Senior Process Specialist to manage accurate and timely pension calculations across multiple clients. The role requires understanding Fidelity systems, processing financial transactions, and coordinating with upstream and downstream teams to deliver services to the end client.

The candidate will handle pension estimates, termination benefits, and final benefits, applying plan guidelines, and ensuring quality and adherence to turnaround times.

Qualifications

• Bachelor’s Degree (Mathematics, Finance or Business) or equivalent is required.
• Actuarial background is preferred.
• Experience with pension processing or financial calculations is a plus.

Responsibilities

• Process pension benefit requests including estimates and final benefits.
• Refer to plan guidelines to calculate benefits for each client.
• Identify and fix calculation system issues within defined timelines.
• Support internal client focusing teams (Issue Resolution, Audit & Control, Client Service Manager).
• Build functional knowledge and act as SME for assigned clients.
• Maintain high quality with strong customer orientation.
• Ensure timely completion of transactions per request type.
• Provide backup coverage for other processors when needed.

Skills

Communication

Numerical ability

Analytical thinking

Problem solving

Attention to detail

Customer focus

Adaptability

Teamwork

Shift flexibility

Education

Bachelor’s Degree in Mathematics/Finance/Business

Actuarial background preferred

Tools

Excel

Outlook

Word

Job description

Job Description:

Job Title – Senior Process Specialist

The Purpose of This Role

Under general supervision, the associate will be responsible for accurate and timely processing of pension calculations of Low to High complexity in a multi-client environment. Associate must understand fidelity systems, learn and process financial transactions on respective client database. They should also work closely with upstream and downstream processes for the overall service to the end client / participant.

The Value You Deliver

Pension calculation based on customer request received through Customer Service Group or online request.

• Process various types of pension benefit requests like estimates, termination benefits and final benefits.
• Benefit calculation should be performed by referring to the plan guidelines for respective clients.
• Identifying the calculation related system issues and fixing the same within the defined timeliness and accuracy standards.
• Provide support to internal client focusing teams (Issue Resolution, Audit & Control, Client Service Manager’s etc.)
• Work towards building functional knowledge and serving as the subject matter expert on assigned clients
• High quality of work with strong customer orientation.
• Ensure timely completion of transaction based on the turnaround agreed on the request type
• Ensure accurate and timely processing of work items
• Contribute to the team environment and overall effective services provided to Fidelity’s client base
• Take initiative to undergo training to enhance their individual job performance
• Validating and provide inputs to update User Procedure Documentation (UPD)
• Provide back-up coverage for other transaction processors, as needed

The Skills that are Key to this role

Technical / Behavioral

• Excellent verbal and written communication skills required.
• Strong Comprehension skills. Good at interpretation of plan documents.
• Strong Problem-Solving Skills and implementing solutions
• Good at numbers (numerical ability)
• Logical reasoning and Analytical thinking
• Service mind set – Customer or Participant focus
• Strong PC Software skills (i.e., Excel, Outlook, and Word)
• Strong interpersonal skills and attention to detail
• Ability to learn and adapt to changes and new processes
• Motivated and committed to excellence; positive attitude and “can do” work ethic.

The Skills that are Good to Have for this role

• Adapt to change
• Be flexible with workload and accommodate client needs
• Willingness to work in “Shifts”
• Work in a team environment

How Your Work Impacts the Organization

Contact

Purpose

Frequency

Client Service Manager

Assists with Client Issues/Inquiries specific to calculations

Daily

Operations Deliver Leader

Assists with Client Issues/Inquiries specific to calculations

Daily

Employee Resolution

Assists with Client Issues/Inquiries specific to calculations

Daily

Onshore Calculation Team

Uses subject matter expertise in training offshore associates and provide resolution

As needed

Retirement Initiation

Assists with inquiries; Identifies gaps in processes and works with team to resolve them

Daily

Disbursements

Assists on making the payments to the customer/participant

Weekly

No direct interaction with customers/participant except the communication provided through letters for customer queries.

The Expertise We’re Looking For

• Bachelor’s Degree (Mathematics, Finance or Business) or equivalent is required
• Actuarial background is preferred

Location: Chennai

Shift timings : 1:00 pm - 10:00 pm

Certifications:

Category:

Transaction Processing