Senior Compliance Specialist

2 weeks ago


Chennai, Tamil Nadu, India Genpact Full time

Job Summary

Genpact is seeking a highly skilled Compliance Specialist to join our team. As a Compliance Specialist, you will be responsible for managing day-to-day Recordkeeping operations, Compliance Testing & Reporting of Defined Contribution plans. This role requires strong analytical and problem-solving skills, as well as the ability to work in a team environment.

Responsibilities

  • Manage day-to-day Recordkeeping operations
  • Compliance Testing & Reporting of Defined Contribution plans
  • Perform Actual Deferral & Actual Contribution Percentage (ADP & ACP), Coverage Test (410b), Excess Deferral (402g), Compensation (414s), Annual Additions (415), Non – Discrimination (NDT) Tests and Form 5500 Filing for Large & complex Retirement Plans
  • Coordinate with other Operations group to ensure follow-up testing activities in OMNI / Relius are completed within deadline
  • Maintain and analyze process queue status and reports as assigned
  • Review, research and provide feedback on processing discrepancies/ errors to prevent recurrence

Qualifications

We are seeking a candidate with a Master's / Bachelor's degree in Accounting, Business Management / Administration or the equivalent combination of education, training, or work experience. Prior experience in leading a team of approx. 5 - 10 FTE is essential. Previous experience of Relius Administration would be a significant plus.

Preferred Qualifications

Relevant Industry experience primarily in US Retirement Compliance Domain. Hands on experience of research in Relius suite of products. Strong understanding of concepts and terminology of financial services industry, especially in Retirement (DC). Prior Compliance Testing & Form 5500 filing knowledge, transition experience is essential. Hands-on experience in handling Queue management. Well versed with MS Office applications (Word, Excel & PowerPoint, Teams, etc.). A 'can-do' attitude and the ability to work in a team environment and adapt to change is essential. Willingness to work in shifts.



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