Compliance Testing-US Retirement

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Job Description Summary:

As a Specialist (Compliance) Processor /Analyst in our Retirement Services department, your focus will be to perform Actual Deferral & Actual Contribution Percentage (ADP & ACP) Retirement Plans. These tests might be followed up by high end research-oriented requests at Participant or at Plan level. Excellent coordination required to connect with BU / Client Services groups related to various kinds of information from Plan Sponsor. Strong understanding of Fee, Distribution, Contribution, Sources etc. You must possess high-end knowledge in retirement domain and Compliance with working experience, preferably in Omni and Relius suite of products.

Responsibility:

• A Specialist (Compliance) Processor / Analyst is responsible for handling High Complex Testing, research, reporting of retirement plan activities as aligned.
• Compliance Plan Queue monitoring might be an added responsibility ensuring all activities are completed within TAT.
• Additional quality checks ensure end-to-end Plan Testing is completed with 100% quality in the first instance.
• There may also be a need to coordinate with internal departments on application or hardware issues related to daily functions.
• Be an SME in the assigned group or process.

Process Management:

• Maintain and analyze process queue status and reports as assigned.
• Review, research and provide feedback on processing discrepancies/ errors to prevent recurrence.
• Participate and transfer information to all associates on a timely basis via regular team meetings. per responsibility assigned.
• Handle query resolution for new hires in the group as assigned.
• Support New Hire on-boarding process. Work with internal departments to research issues related to applications and support the client.

Knowledge Transition & Process Improvement:

• Build a strong understanding of Compliance process and core recordkeeping systems and understand how they work and connect.
• Handle the transition of work from client/ on-site center to Genpact

Skills and Knowledge / Experience:

• 2+ years of rich Industry experience primarily in US Retirement Compliance Domain.
• Strong understanding of concepts and terminology of the financial services industry, especially in Retirement (DC).
• Prior to Compliance Testing knowledge, transition experience is essential.
• Hands-on experience in Queue management.
• Well versed in MS Office applications (Word, Excel & PowerPoint, Teams, etc.).
• A can-do attitude and the ability to work in a team environment and adapt to change is essential Willingness to work in shifts.

Academic Qualifications:

Masters / bachelors (Preferred) degree in accounting, Business Management /Administration or the equivalent combination of education, training, or work experience.

Core Competencies:

• In-depth knowledge of retirement services industry practices, regulations, and processes
• Excellent verbal, written and articulation communication skills.
• Good coordination and collaborative skills to work with different groups to complete assigned responsibilities.

Why join Genpact?

Be a transformation leader Work at the cutting edge of AI, automation, and digital innovation

Make an impact Drive change for global enterprises and solve business challenges that matter

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Work with the best Join 140,000+ bold thinkers and problem-solvers who push boundaries every day

Thrive in a values-driven culture Our courage, curiosity, and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress

Come join the tech shapers and growth makers at Genpact and take your career in the only direction that matters: Up.

Lets build tomorrow together.

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values respect and integrity, customer focus, and innovation.

Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.