Plan Termination Specialist (PA-PlanT-Q2-R-001)
About The Position
SS&C Retirement Solutions is a market-leading provider of technology, retirement recordkeeping and outsourcing solutions. As the third-largest provider of retirement services, we have over 250 institutional clients that use our platforms and services to participate in the defined contribution, IRA, and retirement income markets. SS&C Retirement Solutions aspires to be the partner of choice for the industry’s leading retirement plan providers by offering tailored solutions that help drive providers’ vision, reinforce their value proposition, and support their strategic goals. The Plan Services group is responsible for multiple tasks pertaining to abandoned plans and plan terminations. The Plan Termination Specialist coordinates activities and manages relationships with all Plan stakeholders as well as the Department of Labor (DOL). Specialists maintain a project plan and document each task with target dates, highlighting significant milestones, and monitoring the timeline to avoid risk; while managing client and/or plan sponsor expectations. Specialists coordinate the liquidation of participant assets once a plan is declared abandoned by the DOL, works with the Escheatment area when necessary, and updates plan settings when the plan termination is complete.
Requirements
- Bachelor’s degree or 2-5 years of experience in financial services or similar environment and 1-2 years project management
- Knowledge of retirement plan industry is preferred
- Excellent verbal and written communication skills
- Research, analytical and problem resolution skills
- Demonstrated project management experience
- Strong attention to detail with the ability to organize, plan, and prioritize to meet deadlines
- Able to work in the local office 4-6 days per month.
Nice To Haves
- Knowledge of retirement plan industry is preferred
Responsibilities
- Lead small projects to ensure terminated and abandoned plans are properly closed
- Work collaboratively with management and internal teams to scope projects and schedule tasks
- Provide premier service to retirement plan institutional clients as well as plan sponsors, advisors, and TPAs
- Document Plan Termination and Abandoned Plan project requirements, notes, and other critical information to be shared with relevant business units
- Establish effective communications and change management activities for plan sponsors
Benefits
- SS&C Technologies offers a comprehensive total rewards package designed to support your wellbeing, growth, and future.
- Our benefits include medical, dental, and vision coverage; a 401(k) plan with company match; paid time off, holidays, and parental leave; and professional development reimbursement opportunity.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1-10 employees
