Sr Transaction Procng Off

Job Description

Overall >2.5 years of financial services operations expertise.

Mandatory 12 months of Retirement Services expertise along with knowledge in one or more of following:

1. Defined Benefits Operations (E.g. - Benefits calculations, Benefits Review), Benefits Calculation for Retirement, Termination, Disability, Death, Divorce, Proficiency in MS Excel, and experience in performing manual calculations .

2. ERISA Compliance - US Retirement Plan Testing Reporting experience. Form 5500 responses to auditor questions
a) Preparing responses to external auditor questions on the data provided to them in the plans year end trust statement and supplemental reports.

3. Money In and Loans
a) Must have experience in handling money in Loan related activities, i.e., Check processing, contribution, loan initiation, Loan repayments , Reamortization etc.

4. Disbursements: Distributions/Disbursements such as Hardship withdrawals, QDRO, RMD, In-service distributions, loans or experience in processing 401K contribution, loan repayments etc.

Industry certifications (ASPPA RPF) will be added advantage

Data Entry Quantitative Decision Making

Regularly displays the concepts of teamwork, accountability, and prioritization.

Makes decisions within guidelines, balancing risk, and service needs, seeking assistance from manager as necessary

Understanding of business rules

Understanding task requirements

Handling tasks and providing resolution within TAT

Staying current with knowledge of products/ processes services offered by the client

Ensure full adherence to all the quality parameters.

Ensure 100% adherence to schedule.

Meet exceed defined targets

About Mphasis

Mphasis applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in the Mphasis Front2Back Transformation approach. Front2Back uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2TM=1) digital experience to clients and their end customers. Mphasis Service Transformation approach helps shrink the core through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients.