Account Services Associate Senior
Chennai , Tamil Nadu, India
4d ago

Position Type : Full time

Type Of Hire :

Experienced (relevant combo of work and education)

Education Desired :

Bachelor of Commerce / Business

Travel Percentage :

Are you curious, motivated, and forward-thinking? At FIS you’ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology.

Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.

About the team

You will be part of order to cash vertical comprising various AR operations like Billing- Software Licence and maintenance, Data processing, billing support functions, customer MDM, Contract Valuation and Terminations, AR collection and Customer Service representative.

F0 / F1- (Associate / Senior Associate) Retirement Compliance Testing

Job Description Summary

  • Nondiscrimination testing of US Retirement plans (defined contribution plan- 401(k) / 403(b) Plans . This is an annual activity of regulatory nature that is done for all US Retirement Plans so that the plan maintains a tax-favored status and both plan sponsor and participant get tax exemption on the contributions they make into plan.
  • The US Retirement plans are subject to ERISA (Employee Retirement Income Security Act of 1974) regulations and Internal Revenue Code (IRC) and are regulated by US regulatory bodies like Department of Labor (DOL) and Internal Revenue Service (IRS).

  • The testing involves scrubbing of Census Data received from client / pulled from Omni Recordkeeping system , validating the data, sending queries to the client for missing information, coding the plan specification in Compliance Testing software Relius Admin (RA) , importing the Census data into RA, and eventually running the 410(b), ADP / ACP, Top-Heavy Test, 414(s) Test, 402(g), 415 limit Tests and reconciling testing reports with data files.
  • Main Area of work :

  • Responsible primarily for preparation of Compliance Testing of 401(k) and 403(b) plans.
  • Need to identify missing data items all at once and send query to the client
  • Nondiscrimination Testing involves Census data scrubbing, data validation, running of 410(b), ADP, ACP, Top Heavy, 414(s) testing reports
  • Essential Duties & Responsibilities

    Additional Skills :

  • A positive attitude and the ability to work in a team environment and adapt to change is essential.
  • Ability to interpret plan rules defined in the plan adoption agreement and apply them to do eligibility calculations
  • Willingness to learn a challenging domain which offers unique scenarios while you work on testing.
  • Must be a self-starter with the ability to meet deadlines.
  • Strong research and analytical skills and attention to detail.
  • Excellent customer service and Interpersonal Skills.
  • Need to be good in excel to perform data validation and data scrubbing effectively
  • Keep learning this vast domain ,tools like Relius Admin , Omni , Omni Workflow, DVW
  • Minimum Requirements :

  • Bachelor’s degree in Business, Accounting, Finance or related.
  • MBA / M Com. / Master’s in Accounting or related field would be an added advantage
  • Minimum 0-1 years of directly related with FIS’ Relius Administration.
  • Excellent oral and written communication and articulation skills.
  • Proficiency with Microsoft Word and Excel.
  • Ability to apply VLOOKUP’s, EDATE, DATEDIF, COUNTIF formulae etc. on Census data for eligibility calculation.
  • Must be dependable and flexible, with the willingness to stretch during business needs.
  • Ability to meet plan specific deadlines and turnaround testing work as per deadlines from the clients and US
  • Participate in team meetings.
  • Complete and remain committed to ongoing training and development.
  • Must abide by all security requirements.
  • Must abide by FIS policies including attendance, compliance, etc.
  • Perform other duties as assigned.
  • Consistently meet or exceed target goals for productivity and quality.
  • Communicate and follow-up with teams as appropriate.
  • Self -review, research feedback on discrepancies on the assigned work post onshore QC
  • What we offer you

    A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities A broad range of professional education and personal development possibilities FIS is your final career step! A competitive salary and benefits A variety of career development tools, resources and opportunities

    With a 50-year history rooted in the financial services industry, FIS™ is the world's largest global provider dedicated to financial technology solutions.

    We champion clients from banking to capital markets, retail to corporate and everything touched by financial services. Headquartered in Jacksonville, Florida, our 53,000 worldwide employees help serve more than 20,000 clients in over 130 countries.

    Our technology powers billions of transactions annually that move over $9 trillion around the globe. FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.

    FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients.

    For specific information on how FIS protects personal information online, please see the FIS Online Privacy Notice.

    Privacy Statement

    FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients.

    For specific information on how FIS protects personal information online, please see the Online Privacy Notice.

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