ERISA Technical Consultant

Voya Financial • Boston, MA

8d • Hybrid

About The Position

Together we fight for everyone’s opportunity for a better financial future. We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today. Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision. Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now Get to Know the Opportunity: The ERISA Technical Consultant will provide technical training and support to members of Voya’s ERISA Services Team that provides full service compliance testing and 5500 reporting for 401(k), 403(b), and Profit Sharing Plans. This position will take a lead role on enhancement and/or development of systems, procedures and controls to expand Voya’s existing service offerings. Please Note: This position has been designated as a hybrid-office/home role. Details of your in-office schedule will be finalized with your manager.

Requirements

• Bachelor’s degree In Business Administration or related work experience in ERISA compliance.
• Knowledge of ERISA and applicable IRS Code is required
• Knowledge of Actuarial Systems Corporation Administration (ASC) or equivalent testing software is a must.
• Knowledge of Microsoft Word and Excel (v-lookup, pivot table, formulas).
• Exceptional oral and written communication skills with ability to interact with senior managers required.
• Ability to multitask, prioritize and problem solve independently.

Nice To Haves

• 8-10 years industry experience, with 5-7 years’ experience in an ERISA compliance setting is desired.
• Industry designation is strongly preferred (SPARK, NIPA, ASPPA, CEBS, ERPA).
• Experience with Multiple Employer Plans preferred.
• Experience with project management and/or drafting business and technical requirements for new programs.

Responsibilities

• Provide technical support to a team of professionals conducting compliance services for Profit Sharing, 401(k) and 403(b) plans.
• Help develop and implement process, procedures and controls to enhance Voya’s existing standard compliance testing and Form 5500 service enhancements.
• Lead project planning and execution for new ERISA-related service offerings.
• Perform compliance testing including with a strong focus on 410(b) (ratio percentage test/average benefit), 414(s) testing, 401(a)(4), and Rights Benefits and Features.
• Monitor project timelines, risks, and dependencies to ensure successful delivery.
• Calculate employer contributions for Safe Harbor and New Comparability plans.
• Provide consulting and plan design assistance to relationship management, plan management and clients.
• Work and gain knowledge of Voya’s recordkeeping system and valuation reports.
• Other duties as assigned.

Benefits

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250/year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees