Plan Administrator - Transaction Processing Job in westwood 02090, Massachusetts US
Description: - Timely and accurately process plan participant transactions (distributions, rollovers, loans)- Timely and accurate review and reconcile Daily Activity Reports- Reconcile quarterly/annual statements; ensure they are correct and ready for mailing- Research and respond to PSC generated researches- Ensure plan is set-up correctly by completing the annual Plan Audit- Review and update helptext for PSC annually- Ensure client is utilizing "best practices" for transaction processing- Generate client specific reports as required- Identify trends in transaction processing and address them with Client Service Manager - Document and write up reject letters for participants who submit inaccurate or incomplete requests- Responsible for maintaining shared databases- Demonstrate full understanding of plan administration- Monitor Batch Manager on a daily basis to ensure all transactions are processed within service standards- Ensure completion of death audit and set-up of survivor payments- Reconcile monthly installments for Defined Benefit PlansDemonstrated ability to apply technical industry knowledge to day-to-day issues and have the ability to adapt to technology - Demonstrated ability to work in a team environmento Demonstrated ability to work in high volume, deadline oriented environmento Word, Excel, Powerpoint, Lotus Notes experienceo ASPPA or CEBS designations or courses will be considered very favorablyo This is primarily a full-time position with minimal schedule flexibilityQualifications: - Bachelors Degree or equivalent work or general business experience - Outstanding communication, interpersonal skills oSalary/Benefits: Salary commensurate with experienceOur benefits program provides a full range of choices - a choice of Medical coverage, Dental coverage, Employee Life Insurance, Dependent Life Insurance, Long Term Disability, Accidental Death & Dismemberment Insurance, Spending Accounts for Healthcare and Dependant Care, and a Legal Service Plan.
The Company also provides retirement benefits that are flexible to meet the needs of employees, including a 401(k) with a company match.
The Company also provides a Profit-Sharing component (Variable Company Contribution) which provides for the annual Company Contribution of between 0% and 5% of your earned base salary and eligible annual incentives (up to certain IRS limitations).
The Variable Company Contribution is determined each year based on the Company's performance against its annual net operating income target.Job Location: westwood, MAJob Number: 4342BRCompany URL: http://www.nylim.com/retirement Company Profile: New York Life Retirement Plan Services is a division of New York Life Investment Management LLC (NYLIM), an integrated asset management enterprise with over $249 billion under management, including affiliates, as of December 31, 2007.
NYLIM is an indirect wholly owned subsidiary of New York Life Insurance Company.We provide a comprehensive array of full-service retirement programs to defined benefit and defined contribution plan sponsors.
Investment options include MainStay Funds, group separate accounts, commingled funds, self-directed brokerage accounts, and non-proprietary mutual funds.
Our focus on continual technological innovation has enabled us to be recognized as a premier provider of retirement plan services.New York Life is an Equal Opportunity employer committed to Diversity in the workforce, M/F/D/V
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