Spec Deconversion

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Responsibilities

Team is responsible for Plan Termination and Contract Termination activity at a plan level for existing clients to Empower. Team performs following activities:

Plan Termination: Plan Termination means terminating the plan from 401 (k) by Liquidating and Distributing entire plan balance to Participants post which there won’t be any record keeping of the plan.

Contract Termination: Contract Termination refers to the process of transferring the assets and records of 401(k) Plan from Empower to new record keeper. It initiate transfer of all employees’ assets and records to the new provider either in full or partial contract termination.

Activities performed by the team is highly time critical, involves regulatory & monetary impacts which required adequate due diligence, timely response, timely escalation to responsible parties.

Duties / Responsibilities / Essential Functions

• Performing daily BAU, Quality checks & audits for De-Conversion (Activities are listed in overview section)
• Follows-up with various stakeholders for timely resolution
• Timely escalation for any delay or issue
• Provide various input for self & team MIS reports
• Responding to email questions
• Participating in the on-shore call when needed
• Weekly Off will be on Saturday and Sunday
• Good understanding of 401(K) Defined contribution
• Excellent problem solving, analytical and verbal/written communication skills
• 1+ years in financial operations (Preferred prior experience in Implementation/Conversion background)
• Degree from recognized university
• Intermediate Excel and basic knowledge of Access
• Flexible to work in US shift
• Good attention to detail required
• Excellent time management
• Results oriented: Take decisive action on opportunities to achieve specific outcomes; conveys a sense of urgency when appropriate; persists in the face of obstacles; drives to outcomes that reflect meeting or exceeding a standard of excellence
  
  

We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.

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