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Conversions Analyst

Ascensus

in Folsom CA

 JOB SUMMARY:   Performs functions to implement assigned qualified plans while ensuring the full provision of deliverables, products and features are met.

Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

• Reconciles, trades and communicates status of conversion assets and records.
• Works 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
• Performs quality assurance audits, daily cash and unit reconciliation during conversion.
• Coordinates recordkeeping processes with annual plan administration, compliance, and trust accounting.
• Ensures the conversion of distribution and check processing from external systems to the recordkeeping system.
• Ensures successful transition of prior plan assets based on the established conversion strategy for each plan.
• Reconciles final accounting to ensure that all required data has been received for posting.
• Executes the necessary asset transfer activity required for plan conversions.
• Identifies, analyzes and assists in executing improvements for any daily administrative processes and procedures.
• Ensures final work products are of high quality, provided in a timely fashion and adhere to internal conversion guidelines, plan descriptions and sample calculations.

Supervisory Responsibilities (None)

Required Education, Experience and Certificates, Licenses, Registrations

• Bachelor’s degree from an accredited university or a minimum of 3+ years of experience working in the retirement services sector with knowledge and experience in asset transfers.
• Must have experience reading, interpreting, and applying plan document provisions and a background in self-directed brokerage accounts.
• Strong aptitude for analyzing data, reconciling participant records and trust accounts, and the ability to resolve asset and data transfer issues.
• Possess exceptional organization skills, strong attention to detail and a high degree of accuracy.
• Ability to work in a fast-paced, demanding environment often under tight deadlines. 
• Strong MS Office skills to include Excel.

Preferred (but not required) education or skills for this role are

• ASPPA or CEBS designations are preferred.

Competencies

• Independent
• Diplomatic
• Creative Problem Solver
• Integrity
• Analytical Thinker
• Resourceful
• Team Player
• Utilizes Sound Judgment
• Builds Collaborative Relationships
• Results Driven
• Exhibits Personal Credibility
• Attention to Detail
• Organization and Planning
• Time Management
• Written and Oral Communication Skills

TRAVEL: Up to 5%.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for retirement, education, and healthcare through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity—housed within our Core Values: People Matter. Quality First. Integrity Always.®

As a leading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.

Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws (“Protected Status”). 

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