Defined Benefits Analyst, Retirement Plan Services

Charles Schwab; Richfield (MN); On-site; USD 85,000 - 110,000; Full time

Job summary

Charles Schwab in Richfield, Minnesota is seeking a Defined Benefits Analyst to deliver DB services for self-employed individuals and small businesses. You will prepare and review actuarial reporting, contribution estimates, and plan documents, and respond to client questions with clear guidance.

You will work with clients and advisors, peer-review filings such as Form 5500 and funding notices, and develop participant benefit calculations while applying specialized knowledge to resolve issues

Qualifications

• Desire to contribute to Schwab's products and services.
• Strong oral and written communications skills.
• Ability to rapidly learn a broad range of skills and become a DB subject matter expert.
• Capability to think differently and continuously improve service delivery.

Responsibilities

• Consult with prospective and ongoing clients and advisors.
• Prepare and peer review annual actuarial reporting and contribution estimates.
• Prepare and peer review government filings for ongoing and terminating plans (e.g., Form 5500, Schedule SB, Annual Funding Notice, PBGC Premium, IRS Form 5310, PBGC Form 500).
• Develop/review participant benefit calculations and distribution paperwork.
• Prepare and review plan documents, amendments, and employer resolutions.
• Apply specialized knowledge to resolve issues and influence action.
• Use good judgment in selecting methods to solve problems.

Skills

Communication

Team player

Attention to detail

Learning agility

Organization

Education

Bachelor's or equivalent in Business, Finance, Accounting, or Math

Tools

Microsoft Office

Adobe Acrobat Pro

Job description

Position Type: Regular
Your opportunity

At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together.

Defined Benefit (DB) Services provides actuarial and administration services to clients whose objective is to provide an integrated retirement plan experience. The Defined Benefits Analyst will be responsible for preparing, reviewing, and delivering DB services to self-employed individuals and small businesses; producing regular deliverables, handling special requests and responding to prospects' and clients' questions related to the DB plans.

What you will do:

• Consult with prospective and ongoing clients and advisors
• Prepare and peer review annual actuarial reporting and contribution estimates
• Prepare and peer review government forms filings for both ongoing and terminating plans (e.g. Form 5500, Schedule SB, Annual Funding Notice, PBGC Premium, IRS Form 5310, PBGC Form 500)
• Develop/review individual participant benefit calculations and distribution paperwork
• Prepare and review plan documents, plan amendments, and employer resolutions
• Apply specialized knowledge, skills, and experiences within this area of expertise to resolve a wide range of issues and influence others to take action
• Employ good judgment in selecting methods to solve problems

What you have

To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

Required Qualifications:

• Desire to make a significant contribution to the success of Schwab's products
• Team mentality, with willingness and ability to contribute at all levels of service delivery
• Good oral and written communications skills
• Ability to rapidly learn broad range of skills, processes and become a DB subject matter expert
• Ability to think differently and to continuously improve the delivery of services
• Good organizational skills, shows attention to detail
• Computer skills, especially in Microsoft Office and Adobe Acrobat Pro
• Degree(s) in Business, Finance, Accounting, or Math or equivalent experience

Preferred Qualifications:

• Experience in retirement plan and/or defined benefit services
• Current ASPPA designation, or other industry designation that demonstrates relevant retirement plan continuing education.

What's in it for you

At Schwab, you're empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration - so you can build the skills to make a lasting impact. Our approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive that takes care of the whole you - both today and in the future:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance