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Position Type :
Full time
Type Of Hire :
Experienced (relevant combo of work and education)
Education Desired :
General Equivalency Diploma
Travel Percentage :
0%
Retirement Compliance Testing ( Non Discrimination Testing)
Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.
About Team
US retirement team is responsible for Nondiscrimination testing of US Retirement plans (defined contribution plan- 401(k)/403(b) Plans. This is an annual activity of regulatory nature that is done for all US Retirement Plans so that the plan maintains a tax-favored status and both plan sponsor and participant get tax exemption on the contributions they make into plan. The US Retirement plans are subject to ERISA (Employee Retirement Income Security Act of 1974) regulations and Internal Revenue Code (IRC) and are regulated by US regulatory bodies like Department of Labor (DOL) and Internal Revenue Service (IRS).
What you will be doing
The testing involves scrubbing of Census Data received from client/ pulled from Omni Recordkeeping system, validating the data, sending queries to the client for missing information, coding the plan specification in Compliance Testing software Relius Admin (RA), importing the Census data into RA, and eventually running the 410(b), ADP/ACP, Top-Heavy Test, 414(s) Test, 402(g), 415 limit Tests and reconciling testing reports with data files. Responsible primarily for preparation of Compliance Testing of 401(k) and 403(b) plans. Nondiscrimination Testing involves Census data scrubbing, data validation, running of 410(b), ADP, ACP, Top Heavy, 414(s) testing reports.
What you bring:
- Bachelor’s degree in Business, Accounting, Finance or related.
- MBA/M Com./Master’s in Accounting or related field would be an added advantage
- Knowledge of subjects like financial accounting/cost accounting/financial management / financial markets Good logical and reasoning skills.
- Excellent verbal and written communication and articulation skills.
- Proficiency with Microsoft Word and Excel.
- Ability to apply VLOOKUP’s, EDATE, DATEDIF, COUNTIF formulae etc. on Census data for eligibility calculation.
- Must be dependable and flexible, with the willingness to stretch during business needs.
- Ability to meet plan specific deadlines and turnaround testing work as per deadlines from the clients and US
- Participate in team meetings.
- Complete and remain committed to ongoing training and development.
- Must abide by all security requirements.
- Communicate and follow-up with teams as appropriate.
- Self -review, research feedback on discrepancies on the assigned work post onshore QC
What we offer you
- A Competitive rate
- A multifaceted job with a high degree of responsibility, autonomy, and a broad spectrum of opportunities
- A work environment built on collaboration, flexibility, and respect
e or more years of financial services experience is preferable.
Privacy Statement
FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.
Sourcing Model
Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
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