ERISA-Compliance Testing- Retirement Service

VOYA INDIA Overview

VOYA INDIA is a joint venture between U.S. financial services company Voya Financial and SLK, a software services company. We are a dynamic technology & business process transformation company that provides world-class technology & business process management services, with an emphasis on quality, speed & optimization driven through automation. VOYA INDIA leverages the expertise of both firms to deliver innovative solutions to Voyas Retirement, Employee Benefits and Investment Management businesses. More information is available at : - www.voyaindia.com

Job Description

Skill : ERISA--Defined Contribution

Experience: 3 to 9 yrs

Location : Bangalore / Pune / Delhi

Shift : Evening US

Roles and Responsibilities

• Develop for review the testing reporting strategy and implement Omni ASC system requirements.
• Prepare audit packages as needed in support of the Form 5500 filing process.
• Perform quality review of testing reporting prepared by other team members.
• Validate methodology, data and plan level parameters to ensure accurate testing reporting for all clients.
• Under the direction of an ERISA Consultant, assist in the development and execution of cure strategies for failed tests and or in response to projected testing results.
• Prepare calculation of return of excess amounts and attributable earnings, QNEC QMAC, recharacterization of amounts to after tax or catch up as permitted by plan design.
• Maintain knowledge of current proposed regulations and understand impact to Voya practices.
• Assist in updating procedures, workflows and communications as needed.
• Support product development initiatives and process improvements efforts. Other duties as assigned