Defined Benefit Sr Specialist

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Job ID:
20180201-713
Job Category:
Retirement Services
Relevant Work Experience:
Retirement Services-2-5 yrs, Retirement Services-6+ yrs
Current Licenses / Certifications:
None
Position Located In:
TX - Austin
Education:
BA/BS
Job Type:
Full Time
Description:

Austin - TX, AUSTINB, 12401 Research Blvd, 78759
Christal Lynn Fortunato
20180201-713

We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.

As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.

Our Opportunity:

What you’ll do: 

  • Responsible for and experienced in handling all aspects of qualified retirement plan administration for Defined Benefit plans for clients including thorough understanding and ability to interpret complex plan documents and code provisions.
  • Uses skills as a seasoned, experienced professional with a full understanding of industry practices, policies and procedures.  Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors.  Demonstrates good judgment in selecting methods and techniques for obtaining solutions.
  • Responsible for protecting, securing, and handing of all confidential data held by Schwab to ensure against unauthorized access, improper transition and/or unapproved disclosure of information that could result in harm to clients and participants.
  • Efficiently deliver quality services to clients, participants and business partners by:Lead aspects of plan conversions interpreting the plan documents so that plan operations and data are processed accurately and timely.Maintain an in-depth knowledge of defined benefit retirement plans and the Schwab record keeping systems. Analyze what improvements could provide a better processing experience.Review annual plan valuations by auditing current year’s census and comparing it with prior year’s data to verify accuracy; question any apparent discrepancies and ensure the accuracy in the Lynchval and SRI systems by reviewing the plans to ensure provisions of document are appropriately applied on both a plan and participant level.
    • Reviewing plan calculations including retirements, disabilities, deaths and lump sum payments including the researching and analyzation of the data provided to ensure accuracy.
    • Performing necessary analysis on special retirement projects including plan terminations and early retirement windows.
    • Preparing most complex retirement plan transactions and resolving problems or inquiries that require exception processing.
  • Support special project/ad-hoc requests, reporting and analysis for business partners meeting all deadlines regarding internal and external due dates.
  • Prepare benefit statements for all assigned plans within the service standards adhering to Pension Protection Act provisions.
  • Finalize all departmental procedures and review according to required schedule.
  • Mentor less experienced personnel and assist them with technical issues.
  • Review Plan Provision Summaries for new and existing clients.
  • Effectively communicate client data/information to all business partners with a courteous, timely and thorough response.

What you have: 

  • Bachelor’s degree in finance or business-related field preferred with a minimum of five (5) years of defined benefit plan experience.
  • Knowledge of defined benefit plans, ERISA, DOL and IRS regulations. 

What you’ll get:

 

  • Comprehensive Compensation and Benefits package
  • Financial Health: 401k Match, Employee Stock Purchase Plan, Employee Discounts, Personalized advice, Brokerage discounts
  • Work/Life Balance: Sabbatical, Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program
  • Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions
  • Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships
  • Not just a job, but a career, with an opportunity to do the best work of your life

Learn more about Life@Schwab.

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab's hiring decisions. All other submissions should be performed online.


Job Specifications
Relocation Offered?: No
Work Schedule: Days
Languages: English - spoken
Current Licenses / Certifications: None
Relevant Work Experience: Retirement Services-2-5 yrs, Retirement Services-6+ yrs
Position Located In: TX - Austin
Education: BA/BS
Job Type: Full Time

Category:Retirement Services
Activation Date: Monday, February 12, 2018
Expiration Date: Thursday, March 1, 2018
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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. is an equal opportunity and affirmative action employer committed to diversifying its workforce. It is Schwab's policy to provide equal employment opportunities to all employees and applicants without regard to race, color, religion, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender identity or expression, national origin, ancestry, age, disability, legally protected medical condition, genetic information, marital status, sexual orientation, protected veteran status, military status, citizenship status or any other status that is protected by law. Schwab also does not discriminate against applicants or employees because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

At Schwab, we believe that every employee, through their diverse abilities and experiences, can contribute to our growth, innovation and client loyalty. We embrace diversity and are committed to providing equal opportunity to all employees and applicants. If you have a disability, and require reasonable accommodations in the application process, call Human Resources at 800-725-3535. We will be happy to assist you. Schwab will only share your accommodation request with those individuals who have a specific need to know. The request for an accommodation will not affect Schwab’s hiring decisions. All other submissions should be performed online.

The Charles Schwab Corporation provides a full range of securities, brokerage, banking, money management, and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”), Member SIPC , offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.