Financial Analyst

2 days ago

HITEC City Hyderabad Telangana, India Finbuzz Financial Services Full time ₹ 3,00,000 - ₹ 4,20,000 per year

Job Purpose

To perform operational and analytical tasks related to 401(k) / Defined Contribution plan administration, ensuring accuracy, compliance, and quality in all deliverables.

Key Responsibilities

Technical Responsibilities

  • Perform administrative functions for Defined Contribution (DC) plans in accordance with plan provisions and regulations.
  • Maintain and update participant census and plan data.
  • Calculate plan contributions such as Profit Sharing, Matching, Safe Harbor Match, and Safe Harbor Non-Elective contributions.
  • Conduct compliance testing, including Non-Discrimination, Top-Heavy, Coverage, and Compensation tests.
  • Handle trust accounting, reconciliations, participant loans, and distribution transactions.
  • Identify receivables and calculate investment gains/losses.
  • Assist in preparing and reviewing Form 5500 and related schedules.
  • Research plan data discrepancies and draft client queries where required.

Operational Responsibilities

  • Support team members during peak workloads to achieve team goals.
  • Review and validate plan calculations and reports for accuracy.
  • Identify and resolve processing or data issues through research and documentation.
  • Prepare periodic reports and summaries of findings for internal and client review.
  • Maintain high quality standards and compliance with internal policies.
  • Continuously enhance process knowledge through training and learning opportunities.
  • Contribute to improving efficiency and accuracy in plan administration processes.

Required Qualifications

  • B.Com., M.Com., CA, ICWA, B.Sc./M.Sc. (Mathematics or Statistics)
  • Strong operational knowledge of MS Office (especially Excel).
  • Excellent written and verbal communication skills in English.

Required Experience

  • 2–4 years of relevant experience in end-to-end Defined Contribution / 401(k) plan administration, preferably on a Balance Forward platform.

Key Skills and Attributes

  • Attention to Detail and Analytical Ability
  • Problem Solving and Research Skills
  • Quality and Compliance Focus
  • Dependability and Team Collaboration
  • Proactive and Process-Oriented Approach

Career Growth:

The role offers a structured career path with opportunities to advance to senior analyst and subject matter expert (SME) roles, including quality review and client interaction responsibilities.

Job Types: Full-time, Permanent

Pay: ₹300, ₹420,000.00 per year

Benefits:

  • Health insurance

Education:

  • Master's (Preferred)

Work Location: In person

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