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DC Retirement Plan Consultant

USI Consulting Group

in Glastonbury CT

USI Consulting Group

USI Consulting Group (USICG) is a premier provider of defined contribution and defined benefit plan consulting and administration services.  We are an affiliate company of both USI Securities, Inc. (a broker-dealer, Member FINRA/SIPC) and USI Advisors, Inc. (a federally registered investment adviser) and a wholly owned subsidiary of USI Insurance Services LLC. We are a team of just under 300 associates and growing. We are very competitive and enjoy a strong reputation in the mid-market space, with over $50 million in U.S. revenue and an affiliated advisor with over $19 billion in assets under advisement.

USICG provides specialized expertise in retirement plan design, administration, consulting, investments, regulatory & compliance for thousands of clients nationwide in the $5M - $200M marketplace. Our clients consist of public and private sector employers, not-for-profit organizations, mid-market and Fortune 1000 companies.

As a Defined Contributions Consultant, you will demonstrate technical expertise in managing and retaining assigned clients' retirement plan business. The Consultant provides exceptional customer service and works effectively with internal teams/resources (i.e. Administrators, Legal, Investment Advisory Services, etc.) and external vendors (i.e. Wachovia) to maintain a successful relationship with clients and to provide overall recordkeeping and consulting services for both basic and complex retirement plans.

You will be responsible for all aspects of recordkeeping for client plans to ensure accurate processing in accordance with department service standards/deadlines and plan documents, including:

  • Training administrators on plan specific rules and processes to gain assistance with plan recordkeeping tasks
  • Processing distribution and loan requests
  • Initiating/processing trades
  • Processing payroll data files including review of data and client correspondence and monitor plan forfeitures
  • Reconciling asset balances (trust and participant accounts) including cash position and resolve discrepancies daily
  • Posting earnings as necessary & run/monitor "unposted" report
  • Ensuring compliance with plan document & IRS/DOL regulations
  • Participating in peer review process for recordkeeping transactional activity to ensure accuracy
  • Maintaining accurate and timely recording of transactions and work logs

In addition you will also be responsible for:

  • Producing quarterly valuations (participant statements, client reports, etc.) according to USICG standards.  Ensuring valuation checklists are complete and peer review is done according to SAS70 standards
  • Resolving any outstanding valuation issues
  • Preparing executive summary letters
  • Ensuring accuracy and timely delivery of trust reporting for plans with Wachovia as trustee
  • Corresponding with clients, Team Leaders & Account Managers in response to issues, including preparation for and participation in team meetings, researching questions and plan document provisions, consulting on plan issues, assisting with billing questions, confirming transactions, etc.
  • Maintaining day-to-day client contact for inquiries on assigned plans. Including responding to client or participant calls and emails.
  • Coordinating with compliance team regarding preparation of IRS Form 5500/SAR, audit packages, MRDs, projected/final compliance tests, etc. for assigned plans, including:
    • gather and reconcile required data; provide to compliance team in a timely manner
    • manage deadlines and complete assigned portions of checklists
    • communicate with clients/auditors as necessary to respond to questions or requests for information
    • review results, develop corrective actions, present results/reports to clients
  • Processing plan-level fees per service agreement (basis points, loan fees, etc.) and update fee tracking log; identify projects requiring additional billing and report them monthly on Special Billings Projects worksheets
  • Assisting with training newer employees on DC department procedures, systems, plan corrections, etc.
  • Completing special projects as requested by clients or DC department

Assisting with more complex tasks associated with conversions of new business; process fund additions/changes; assist with de-conversion of assigned plans when applicable

The knowledge & skills most desirable:

  • Bachelor's or Associates Degree in Mathematics, Business, Finance or Accounting preferred
  • 3-5 or more years related business experience preferred
  • ASPPA exam completion/certification preferred
  • Strong computer skills-knowledge of Windows environment, including Word & Excel
  • Excellent mathematical aptitude.
  • Detailed and organized.
  • Ability to multi-task.
  • Ability to meet all client deliverables requiring extended working hours during peak work periods
  • Excellent communication, accounting and interpersonal skills
  • Ability to creatively and proactively problem-solve
  • Ability to stay organized and focused in a busy environment

    USI Consulting Group (USICG) is a premier provider of defined contribution and defined benefit plan consulting and administration services.  We are an affiliate company of both USI Securities, Inc. (a broker-dealer, Member FINRA/SIPC) and USI Advisors, Inc. (a federally registered investment adviser) and a wholly owned subsidiary of USI Insurance Services LLC. We are a team of just under 300 associates and growing. We are very competitive and enjoy a strong reputation in the mid-market space, with over $50 million in U.S. revenue and an affiliated advisor with over $19 billion in assets under advisement.

    USICG provides specialized expertise in retirement plan design, administration, consulting, investments, regulatory & compliance for thousands of clients nationwide in the $5M - $200M marketplace. Our clients consist of public and private sector employers, not-for-profit organizations, mid-market and Fortune 1000 companies.

    As a Defined Contributions Consultant, you will demonstrate technical expertise in managing and retaining assigned clients' retirement plan business. The Consultant provides exceptional customer service and works effectively with internal teams/resources (i.e. Administrators, Legal, Investment Advisory Services, etc.) and external vendors (i.e. Wachovia) to maintain a successful relationship with clients and to provide overall recordkeeping and consulting services for both basic and complex retirement plans.

    You will be responsible for all aspects of recordkeeping for client plans to ensure accurate processing in accordance with department service standards/deadlines and plan documents, including:

  • Training administrators on plan specific rules and processes to gain assistance with plan recordkeeping tasks
  • Processing distribution and loan requests
  • In addition you will also be responsible for:
  • Producing quarterly valuations (participant statements, client reports, etc.) according to USICG standards.  Ensuring valuation checklists are complete and peer review is done according to SAS70 standards
  • Resolving any outstanding valuation issues
  • Preparing executive summary letters
  • Ensuring accuracy and timely delivery of trust reporting for plans with Wachovia as trustee
  • Corresponding with clients, Team Leaders & Account Managers in response to issues, including preparation for and participation in team meetings, researching questions and plan document provisions, consulting on plan issues, assisting with billing questions, confirming transactions, etc.
  • Maintaining day-to-day client contact for inquiries on assigned plans. Including responding to client or participant calls and emails.
  • Coordinating with compliance team regarding preparation of IRS Form 5500/SAR, audit packages, MRDs, projected/final compliance tests, etc. for assigned plans, including:
    • gather and reconcile required data; provide to compliance team in a timely manner
    • manage deadlines and complete assigned portions of checklists
    • communicate with clients/auditors as necessary to respond to questions or requests for information
    • review results, develop corrective actions, present results/reports to clients
  • Processing plan-level fees per service agreement (basis points, loan fees, etc.) and update fee tracking log; identify projects requiring additional billing and report them monthly on Special Billings Projects worksheets
  • Assisting with training newer employees on DC department procedures, systems, plan corrections, etc.
  • Completing special projects as requested by clients or DC department
  • Assisting with more complex tasks associated with conversions of new business; process fund additions/changes; assist with de-conversion of assigned plans when applicable

    Knowledge, Skills and Abilities: 

  • Bachelor's or Associates Degree in Mathematics, Business, Finance or Accounting preferred
  • 3-5 or more years related business experience preferred
  • ASPPA exam completion/certification preferred
  • Strong computer skills-knowledge of Windows environment, including Word & Excel
  • Excellent mathematical aptitude.
  • Detailed and organized.
  • Ability to multi-task.
  • Ability to meet all client deliverables requiring extended working hours during peak work periods
  • Excellent communication, accounting and interpersonal skills
  • Ability to creatively and proactively problem-solve
  • Ability to stay organized and focused in a busy environment
  •  
  • Initiating/processing trades
  • Processing payroll data files including review of data and client correspondence and monitor plan forfeitures
  • Reconciling asset balances (trust and participant accounts) including cash position and resolve discrepancies daily
  • Posting earnings as necessary & run/monitor "unposted" report
  • Ensuring compliance with plan document & IRS/DOL regulations
  • Participating in peer review process for recordkeeping transactional activity to ensure accuracy
  • Maintaining accurate and timely recording of transactions and work logs

How to Apply

Send your resume to Becky Landry, HR Business Partner:  becky.landry@usi.com 

or apply online at USi Careers https://jobs.usi.com/Jobs/JobDetail?jobId=17940


This ad has been viewed 338 times. It expires on 9/8/2019.

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