Retirement Plan Associate

Eastvantage Business Solutions Inc.; Philippines; On-site; PHP 300,000 - 420,000; Full time

Job summary

Eastvantage Business Solutions Inc. seeks a detail-oriented professional to support retirement plan administration and regulatory compliance for a portfolio of clients.

You will prepare year-end reports, perform compliance testing, maintain records, support participant accounts, and collaborate with the team while adhering to data privacy and security standards.

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, or a related field
• 1-2 years of experience in a business related field
• Strong analytical and numerical skills with attention to detail
• Proficiency in Microsoft Office applications, particularly Excel
• Good communication and interpersonal skills
• Strong organizational and time-management skills
• Ability to learn complex retirement plan regulations and compliance requirements
• High level of integrity, professionalism, and commitment to data confidentiality
• Amenable to work on night shift schedule

Responsibilities

• Prepare and review year-end compliance reports to ensure retirement plans meet regulatory and client requirements
• Perform annual compliance testing, including ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4), deductibility, and 402(g) testing
• Maintain accurate and up-to-date records of participant information, plan contributions, transactions, account balances, and eligibility data
• Support participant account administration by monitoring plan activities and ensuring data integrity
• Respond to internal and cross-functional inquiries related to vesting calculations, loan balances, workflow processes, auditor requests, and lost earnings calculations
• Prepare employer contribution illustrations and related calculations for prospective and existing clients
• Collaborate with team members and participate in departmental training programs to enhance technical knowledge and industry expertise
• Contribute to special projects and other operational initiatives as assigned by management
• Ensure strict adherence to company policies regarding data privacy, confidentiality, information security, and regulatory compliance

Skills

Analytical skills

Numerical skills

Attention to detail

Excel proficiency

Communication skills

Interpersonal skills

Organizational skills

Time management

Integrity

Professionalism

Data confidentiality

Education

Bachelor’s degree in Business, Finance, Accounting, or a related field

Tools

Microsoft Office

Job description

Join our team and play a key role in supporting retirement plan administration and compliance activities for a portfolio of small to medium-sized clients. This position offers an excellent opportunity to develop expertise in retirement plan operations, regulatory compliance, and client support within the financial services industry.

Key Responsibilities

• Prepare and review year-end compliance reports to ensure retirement plans meet regulatory and client requirements.

• Perform annual compliance testing, including ADP/ACP, Top Heavy, 410(b), 415, 401(a)(4), deductibility, and 402(g) testing.

• Maintain accurate and up-to-date records of participant information, plan contributions, transactions, account balances, and eligibility data.

• Support participant account administration by monitoring plan activities and ensuring data integrity.

• Respond to internal and cross-functional inquiries related to vesting calculations, loan balances, workflow processes, auditor requests, and lost earnings calculations.

• Prepare employer contribution illustrations and related calculations for prospective and existing clients.

• Collaborate with team members and participate in departmental training programs to enhance technical knowledge and industry expertise.

• Contribute to special projects and other operational initiatives as assigned by management.

• Ensure strict adherence to company policies regarding data privacy, confidentiality, information security, and regulatory compliance.

Qualifications:

• Bachelor’s degree in Business, Finance, Accounting, or a related field

• 1-2 years of experience in a business related field.

• Strong analytical and numerical skills with attention to detail

• Proficiency in Microsoft Office applications, particularly Excel

• Good communication and interpersonal skills

• Strong organizational and time-management skills

• Ability to learn complex retirement plan regulations and compliance requirements

• High level of integrity, professionalism, and commitment to data confidentiality

• Amenable to work on night shift schedule