Job type full-time
Full job description
At the standard, you’ll join a team focused on putting our customers first.
Our continued success is driven by a high-performance cultureWe’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.
We offer a caring culture where you can make a real difference, every day.
Ready to reach your highest potential? let’s work together.
Functional job summary:
Using analytical, organizational and communication skills, this position is responsible for providing high level financial, contract and/or administrative analysis, preparation and review of client deliverables, while primarily managing all compliance related activities for defined contribution plans including preparation of contribution allocations, non-discrimination and compliance testing, census requests, required minimum distributions and required government filings.
Job specifications:
Education & experience: bachelor`s degree in related field; or the equivalent combination of education and/or relevant experience.
5 or more years of experience in defined contribution plan administration responsibilities, including allocation completion, document interpretation, asset reconciliation, and customer contact, or the equivalent combination of education and/or relevant experience.
Deep knowledge of the employee retirement income security act of 1974 (erisa) and the impacts on employee benefit plans.
Ability to work extended hours during any peak season.
Knowledge:
Use critical thinking and analysis to cull information from multiple sources including financial statements and participant census dataRead, review and analyze data for accuracy and prepare plans for compliance testing, as well as unique and complex contribution allocations/validations and form 5500 preparation.
Perform all required non-discrimination testing for qualified retirement plans, with medium to high complex provisions and business structures, following plan document provisions and applying appropriate governmental regulations, including any pertinent legislative changes.
Pursue american society of pension professionals and actuaries (asppa) classes related to the qualified pension administrator (qpa) designation or higher with the goal of continuous learning and building knowledge.
Business acumen: research and perform data analysis regarding various aspects of retirement plans by reviewing and interpreting plan financial and census data, plan documents, erisa guidance and regulations, in order to monitor and ensure legal compliance of plans, respond to questions from customer plan representatives, sales consultants and co-workers regarding various aspects of day-to-day plan administration, perform annual compliance testing for customer plans, perform annual government filings and respond to auditor questions regarding plan complianceAct as an expert resource for defined contribution procedures and pension regulationsReview, analyze and evaluate plan documents and amendments for completeness, accuracy and conformation to systems and administrative requirements.
Use critical thinking and independent discretion in identifying and performing testing methods that may deviate from established processes that provide the most beneficial results for our clients.
Physical demands:
N/a
#li-remote
Note: the standard is required to provide a reasonable estimate of the salary for this role when hiring a colorado residentThe salary for employees working in colorado in this role is listed belowThe standard’s package also includes incentive plan participation and comprehensive benefits including medical, dental, vision, retirement, and paid time off.
Please note, eligibility to participate in an incentive program is subject to the rules governing the program and planAny award depends on various factors, including individual and organizational performance.
Salary range:
$62,000.00 – $108,800.00
Standard insurance company, the standard life insurance company of new york, standard retirement services, inc., stancorp equities, incAnd stancorp investment advisers, inc., marketed as the standard, are affirmative action/equal opportunity employersAll qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local lawThe standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibitedThe standard requires a criminal background investigation, drug test, employment, education and licensing verification as a condition of employmentAll employees of the standard must be bondable.
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