Billing Specialist, Finance - Retirement

Ascensus•Woodcliff Lake, NJ

About The Position

FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. The company's roots go back decades, with nearly 30 outstanding legacy firms now joined together. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. This position is primarily responsible for the timely and accurate monthly invoicing of all plans and the processing of termination plans.

Requirements

3-5 years experience with PC’s and MS Office software applications
Detail oriented with strong organizational and time management skills.
Strong written and verbal communication skills
Strong interpersonal skills with internal and external clients
Ability to handle multiple priorities and meet deadlines
Ability to work independently as well as with a team in a fast-paced environment.
Basic understanding of auditing concepts, account reconciliation skills and math skills.
Proven problem solving skills, along with an ability to quickly comprehend and analyze data.

Nice To Haves

Bachelor’s degree in accounting/finance or equivalent combination of training and experience preferred.
Experience with AS400 is preferred but not required.

Responsibilities

Perform monthly audits of all asset and non-asset based invoices for accuracy and completeness.
Reconcile fees for asset and non-asset based plans to those fees listed in the service agreements.
Prepare fee processing requests based on service and compensation agreement terms.
Handle special invoice and manual invoice requests.
Prepare and review partner level invoice (s), if applicable.
Reconcile any payments received by check and process to lockbox.
Review service agreements for final invoicing of recordkeeping, miscellaneous and termination fees.
Process internal conversions.
Prepare monthly wire and quarterly plan receivable reconciliations, if applicable.
Reconcile final payments prior to plan liquidations.
Request termination refunds.
Address & resolve internal and external (i.e. Alliance Partner) billing and Finance inquiries, including invoice and report requests.
Assist with updating address/phone changes, update billing systems as needed.
Create and maintain documents/procedures as needed to meet Sarbanes - Oxley requirements.
Perform other duties and special projects as assigned by management.
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
The I-Client philosophy and the Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.