Note: The job is a remote job and is open to candidates in USA. USI Insurance Services is an industry-leading retirement plan consulting and benefits administration firm. The Sr. TPA Compliance Consultant will manage and retain clients’ retirement plan business, provide compliance services, mentor team members, and ensure adherence to regulatory standards for various retirement plans.
Responsibilities
- Reconcile asset balances (trust and participant accounts) and resolve discrepancies
- Perform plan calculations when necessary, including eligibility, contributions, match, profit sharing, etc
- Process transactions, including distribution and loan requests, forfeitures, etc
- Ensure compliance with plan document & IRS/DOL regulations as well as plan administrative practices
- Participate in peer review process to ensure accuracy
- Maintain accurate and timely recording of work tracking logs
- Participate in plan design client calls
- Assist other Consultants as needed with more complex plan issues
- Oversee projects and report results and progress to Director of Compliance Consulting and TPA Manager
- Maintain day-to-day client contact for inquiries on assigned plans
- Correspond and consult with clients, team members, Producers & Relationship Managers to help manage client relationships and respond to all client or participant calls/emails within 4 business hours
- Utilize industry knowledge with less experienced staff to mentor on systems and processes, work with team members to develop their compliance and consulting skills, resolve more complex reconciling issues, research complicated plan issues, and help correct errors
- Prepare IRS Form 5500/SAR, audit packages, MRDs, required compliance tests, including but not limited to:
- Gather and reconcile required data
- Coordinate with EPS Team to ensure consistency in procedures, client questionnaires, etc
- 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
- Provide guidance to team members to help identify which projects are part of core services or those that may require additional billing
- Complete required tracking spreadsheets for projects and non-core TPA services to ensure proper client invoicing
- Participate in the transition of new business, provide consultative plan design discussions on document restatements; participate in periodic transition meetings/calls; review loans and system specs; assist other team members with conversions
- Complete special projects as applicable, such as plan corrections, match, and/or profit-sharing calculations, DOL calculations, and VCP filings
Skills
- Bachelor's degree in Mathematics, Business, Finance or Accounting preferred or equivalent experience
- Seven or more years related TPA/retirement experience required; ASPPA exam completion/certification required or willing to obtain
- Strong computer skills-solid knowledge of Windows environment, including Word & Excel
- Excellent mathematical aptitude. Detailed and organized. Able to multi-task a must
- Ability to meet all client deliverables requiring extended working hours during peak work periods
- Excellent communication, accounting and interpersonal skills
- Relius Administration experience a plus
Benefits
- Competitive pay, incentives, and benefits
- Summit Awards program, rewarding excellence
- Employee programs that recognize outstanding achievement and help our associates lead healthy, productive lives
- Award-winning wellness program
- College scholarships for associates' children
- Financial help in times of need
- A full-suite of competitive benefits for our growing population and its diverse needs
- Potential for compensation incentives
- Medical, wellness, dental and vision
- 401(k)
- Flexible spending and health savings accounts
- Short and long-term disability
- Life insurance and other unique employer-sponsored and voluntary programs
- Generous paid time off policy
- Paid family leave benefit
- Paid holiday time
Company Overview
USI Insurance Services is an insurance brokerage and consulting firm that delivers diversified insurance and financial services. It was founded in 1994, and is headquartered in Valhalla, New York, USA, with a workforce of 10001+ employees. Its website is https://www.usi.com/.