ERISA Technical Consultant in Braintree, MA at Voya

Date Posted: 2/12/2018

Job Snapshot

Job Description

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Position Summary:

***Currently seeking 2 ERISA Technical Consultants.  These positions can be located at our facilities in Braintree, MA or Windsor, CT as well as Work @ Home with the expectation periodic travel to these locations is required. ****

The ERISA Technical Consultant will provide technical training and support to members of Voya’s ERISA Services Team that provides full service compliance testing and 5500 reporting for 401(k), 403(b), and Profit Sharing Plans.  This position will take a lead role on enhancement and/or development of systems, procedures and controls to expand Voya’s existing service offerings. 

Position Description:

  • Provide technical support to a team of professionals conducting compliance services for Profit Sharing, 401(k) and 403(b) plans.  
  • Help develop and implement process, procedures and controls to enhance Voya’s existing standard compliance testing and Form 5500 service enhancements. 
  • Perform compliance testing including with a strong focus on 410(b) (ratio percentage test/average benefit), 414(s) testing, 401(a)(4), and Rights Benefits and Features.
  • Calculate employer contributions for Safe Harbor and New Comparability plans.
  • Provide consulting and plan design assistance to relationship management, plan management and clients.
  • Work and gain knowledge of Voya’s recordkeeping system and valuation reports.
  • Other duties as assigned.

Knowledge & Experience:

  • Bachelor’s degree In Business Administration or related work experience in ERISA compliance.
  • 8-10 years industry experience, with 5-7 years’ experience in an ERISA compliance setting is desired.
  • Knowledge of ERISA and applicable IRS Code is required
  • Knowledge of Actuarial Systems Corporation Administration (ASC) or equivalent testing software is a must.
  • Knowledge of Microsoft Excel, Word and PowerPoint.
  • Industry designation is strongly preferred (SPARK, NIPA, ASPPA, CEBS, ERPA)
  • Exceptional oral and written communication skills with ability to interact with senior managers required. 
  • Ability to multitask, prioritize and problem solve independently.

Critical Skills
At Voya, we have identified the following critical skills which are key to success in our culture: 

  • Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
  • Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
  • Team Mentality: Partnering effectively to drive our culture and execute on our common goals. 
  • Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions. 
  • Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Learn more about Critical Skills.