Financial Analyst

Job Purpose: Performs 401(k) Plan Administration assignments based on Balance Forward platform.

Location: Hyderabad

Experience: 2-4 years

Shift Slot: Day Timings

Technical Responsibilities:

• Responsible for operational tasks associated with Defined Contribution plans in compliance with plan provisions.
• To assists in maintaining pension data, plan administration and contribution calculations.
• Research Census records, identify missing information and draft required queries. 
• Eligibility calculation.
• To calculate plan contributions like Profit Sharing, Match contribution, Safe Harbor Match and Safe Harbor Non Elective.
• Perform several compliance tests like – Non Discrimination, Top Heavy, Coverage tests, Gateway and General Tests, Compensation tests etc.
• Trust Accounting and Reconciliation knowledge.
• Loans and Distributions transactions postings.
• Receivables identification and gain/loss calculation.
• Form 5500 series preparation.

Operation Responsibilities:

• Assists other team members in case of volume spikes to help in meeting team targets
• Completes process by analysing and auditing documents, researching and resolving processing problems.
• Provides information by collecting, analysing, and summarizing information; responding to queries.
• Resolves escalations/issues by investigating and composing responses.
• Maintains quality service by monitoring standards; advising supervisor of potential problems.
• Prepares reports by collecting and analysing information.
• Updates job knowledge by participating in educational opportunities.
• Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.

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:  Two years of relevant experience on end-to-end Defined Contribution/401(k) Plan processing on Balance Forward platform.

Required Skills: Proactive, Attention to Detail, Research Skills, Problem Solving, Quality Focus, Dependability.