Schwab Retirement Plan Services, an affiliate of Charles Schwab & Co., Inc. is one of the leading providers of bundled retirement plan services. For mid-to large sized companies, Schwab offers
full-service retirement plans featuring complete retirement services from a single source. Schwab’s combined expertise in recordkeeping and related services, investment choice and award-winning participant experience and education (including
retirement plan advice) and high-end technology helps employers offer competitive employee benefits.
The Defined Benefit Administration team is responsible for providing plan administration service and technical compliance support within
standards and service objectives, which includes the understanding of complexities of all facets of administering qualified defined benefit retirement plans.
What you’ll do:
As a Defined Benefit Administration Specialist,
you will be accountable to efficiently deliver quality service to clients, participants and business partners by:
Preparing necessary calculations for plans including retirements, disabilities, deaths and lump sum payments.
a variety of administrative, analytical and recordkeeping functions for moderate to complex defined benefit plans.
Preparing associated forms and correspondence for distribution to participants.
Meeting all deadlines regarding internal
and external due dates.
Support ad-hoc requests, reporting and analysis for business partners by performing special projects and other related duties as assigned.
Prepare annual plan valuations. Resolve discrepancies and ensure accuracy
in the Lynchval and SRI systems. This includes calculating eligibility, plan entry and vesting.
Effectively communicate client data/information to business partners courteously, timely and with a thorough response.
Prepare Plan Provision
Summaries for new and existing clients.
Protect, secure, and handle all confidential data held by Schwab to ensure against unauthorized access, improper transition and/or unapproved disclosure of information that could result in harm to clients
Develop and maintain knowledge of defined benefit retirement plans and the Schwab record keeping systems.
Create departmental procedures and determine methods to streamline complex processes and implement additional
What you have:
Bachelor’s degree in finance or business-related field.
Minimum three (3) years relevant defined benefit plan experience.
Proficiency in Microsoft Office software
applications, specifically Word and Excel required. Access a plus.
Ability to work effectively and cohesively in teams and influence outcomes.
Ability to work at a fast pace to meet deadlines with an attention to detail and accuracy.
Strong math and analytical skills.
Effective organizational skills to manage projects and assignments with varying degrees of priority.
Excellent written and verbal communication skills.