Process Developer
6 days ago
Job Summary
We are seeking a highly skilled Process Developer to join our team at Genpact. In this role, you will be responsible for administering retirement plans, including 401(k), 403(b), and 457 plans.
Key Responsibilities
- Maintain accurate contribution records for retirement participants and ensure compliance with regulatory requirements.
- Assist plan sponsors with the administration of their retirement plans, including tasks such as contribution calculation and participant financial activity.
- Ensure that retirement plans adhere to all regulatory requirements, including IRS regulations and ERISA guidelines.
- Coordinate with financial institutions and service providers to ensure timely and secure distribution of retirement benefits.
- Manage participant enrollment processes, including verifying eligibility and processing enrollment forms.
- Monitor service providers, investment managers, and other third parties to ensure compliance with fiduciary responsibilities.
- Address participant inquiries regarding contribution limits, eligibility requirements, and retirement planning resources.
- Assist with investment management activities, such as fund transfers and implementing investment changes.
- Monitor investment performance and provide support in evaluating investment options.
- Facilitate participant loan requests and ensure compliance with plan rules and regulatory requirements.
Requirements
- Bachelor's degree in commerce or equivalent field.
- Basic understanding of retirement plans and regulatory requirements.
- Strong attention to detail and accuracy in data entry and record-keeping.
- Ability to work independently and collaboratively as part of a team.
- Good written and verbal communication skills.
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