Data Conversion Consultant

Fidelity Investments•Merrimack, NH

About The Position

The Data Conversion Consultant (DCC) is a member of the Implementation Team responsible for coordinating the transition of Defined Contribution Plans to DC Plan Services. The documentation and coordination of conversion data from prior recordkeepers. Our DCC's work with the client to develop a Conversion Strategy which details how the data will be converted to Fidelity. We then coordinate the delivery of this data from the Prior Recordkeeper and review the package for completeness. The DCC follows up with Prior Recordkeepers until all expected data is received and all questions are resolved. The DCC also coordinates the transfer of assets to Fidelity, reconciles the trust balances to participants’ account balances, identifies all variances, and works with the client to resolve differences.

Requirements

Minimum of 2 years’ experience in a combination of implementation and/or 401(k) operations.
General understanding of the retirement market, client service, implementation processes.
Demonstrated ability in the duties and responsibilities mentioned above.
Strong organizational and operational skills.
Ability to work well with internal partners.
Ability to anticipate potential problems and to plan for such events.
Proven problem solving and client management abilities.
Excellent written and oral communication skills.
Attention to detail.
Strong analytical, problem-solving, problem identification skills.
Strong organizational/time management skills.
Auditing skills.

Nice To Haves

Detailed understanding of Fidelity and its products and services.
Solid understanding of Fidelity proprietary systems such as FPRS, FocusPoint, TSO, PPMC and PSW.
Strong presentation, consulting, and negotiating skills.

Responsibilities

Coordinating the transition of Defined Contribution Plans to DC Plan Services.
Documentation and coordination of conversion data from prior recordkeepers.
Develop a Conversion Strategy which details how the data will be converted to Fidelity.
Coordinate the delivery of data from the Prior Recordkeeper and review the package for completeness.
Follow up with Prior Recordkeepers until all expected data is received and all questions are resolved.
Coordinate the transfer of assets to Fidelity.
Reconcile the trust balances to participants’ account balances.
Identify all variances and work with the client to resolve differences.
Participate in the discovery process with the Client, Prior Recordkeeper, and Prior Trustee to collect all data vital to complete the Implementation or Corporate Action Project.
Act as the primary point of contact for the client on data conversion and asset transfer and reconciliation.