Newport Group has an excellent opportunity for a Conversions Analyst. The Conversions Analyst will reconcile,
trade and communicate status of conversion assets and records. Work with trust/trading platform, plan sponsor, plan investment advisor, prior service provider, and internal associates including documents group, plan administration, recordkeeping, sales,
and the communications manager, to execute the transfer of plan assets and participant data.
In addition, s/he will perform quality assurance audits, daily cash and unit reconciliation during conversion. Coordination of recordkeeping processes with
annual plan administration, compliance, and trust accounting. Conversion of distribution and check processing from external systems to the recordkeeping system. The Conversions Analyst will ensure successful transition of prior plan assets based on the
established conversion strategy for each plan. Reconcile final accounting to ensure that all required data has been received for posting. Execute the necessary asset transfer activity required for plan conversions/deconversions. Identify, analyze and
assist in executing improvements for any daily administrative processes and procedures.
Bachelor’s degree in Business, Finance or related field or equivalent experience
3- 5 years’
experience working in the retirement services sector with knowledge and experience in asset transfers
Must have experience with reading and interpreting plan document provisions and apply them to features, products and service offerings.
Strong aptitude for analyzing data, reconciling participant records and trust accounts, and the ability to resolve asset and data transfer issues
Experience working with self-directed brokerage accounts