USI Insurance Services
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Sr. Consultant
role at
USI Insurance Services
Responsibilities
The Sr. Consultant demonstrates a high degree of technical expertise in managing and retaining assigned clients’ retirement plan business and handling client relation issues.
Provide recordkeeping and compliance services for various types of plans, including 401(k), 403b, profit sharing, money purchase, non-qualified, etc.
Provide mentorship & oversight with team projects, training, peer review and new business conversions.
Work with the Director of Operations and Team Leader to review team processes and procedures.
Provide exceptional customer service and collaborate with internal teams/resources (e.g., Compliance, Legal, Producers) and external vendors to maintain client relationships and provide recordkeeping and consulting services for complex retirement plans.
Responsible for all aspects of recordkeeping for client plans to ensure accurate processing in accordance with department service standards/deadlines and plan documents, including:
Reconcile asset balances (trust and participant accounts) and resolve discrepancies
Perform plan calculations (eligibility, contributions, match, profit sharing, etc.)
Process transactions (distribution and loan requests, forfeitures, etc.)
Ensure compliance with plan documents & IRS/DOL regulations and plan administrative practices
Participate in peer review to ensure accuracy
Maintain accurate and timely recording of work tracking logs
Participate in plan design client calls
Assist other Consultants with more complex plan issues
Oversee projects and report results/progress to Team Leader and/or Director of Operations
Maintain day-to-day client contact for inquiries on assigned plans. Correspond with clients, team members, Producers & Relationship Managers to help manage client relationships and respond to all client or participant calls/emails within 4 business hours.
Mentor less experienced staff on systems and processes; develop compliance and consulting skills; resolve complex reconciling issues and research complicated plan issues.
Prepare IRS Form 5500/SAR, audit packages, MRDs, required compliance tests (e.g., ADP/ACP, Top Heavy, 402g, 410(b), 415 & new comparability tests); gather and reconcile required data; coordinate with EPS Team for consistency; manage deadlines; communicate with clients/auditors; review results and present to clients.
Provide guidance to team members on core services vs. additional billing; complete required tracking spreadsheets for projects and non-core TPA services to ensure proper client invoicing.
Participate in the transition of new business; provide consultative plan design discussions on document restatements; participate in periodic transition meetings/calls; review loans and system specs; assist other team members with conversions.
Complete special projects as applicable (plan corrections, match and/or profit-sharing calculations, DOL calculations, VCP filings).
Knowledge, Skills And Abilities
Bachelor’s Degree in Mathematics, Business, Finance or Accounting preferred or equivalent experience
Seven or more years related TPA/retirement experience; ASPPA exam completion/certification required or willing to obtain
Strong computer skills with solid knowledge of Windows, Word & Excel
Excellent mathematical aptitude; detailed and organized; ability to multi-task
Ability to meet client deliverables requiring extended working hours during peak periods
Excellent communication, accounting and interpersonal skills
Relius Administration experience a plus
Why USI?
USI Consulting Group (USICG) is a full-service retirement plan consulting and benefits administration firm with nearly 50 years of experience. USICG is an affiliate of USI Securities, Inc. and USI Advisors, Inc., and a subsidiary of USI Insurance Services. To learn more, visit usicg.com.
Compensation
Annual salary range is $75,000-$85,000, plus potential compensation incentives.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Consulting, Information Technology, and Sales
Industries
Insurance
#J-18808-Ljbffr
Sr. Consultant
role at
USI Insurance Services
Responsibilities
The Sr. Consultant demonstrates a high degree of technical expertise in managing and retaining assigned clients’ retirement plan business and handling client relation issues.
Provide recordkeeping and compliance services for various types of plans, including 401(k), 403b, profit sharing, money purchase, non-qualified, etc.
Provide mentorship & oversight with team projects, training, peer review and new business conversions.
Work with the Director of Operations and Team Leader to review team processes and procedures.
Provide exceptional customer service and collaborate with internal teams/resources (e.g., Compliance, Legal, Producers) and external vendors to maintain client relationships and provide recordkeeping and consulting services for complex retirement plans.
Responsible for all aspects of recordkeeping for client plans to ensure accurate processing in accordance with department service standards/deadlines and plan documents, including:
Reconcile asset balances (trust and participant accounts) and resolve discrepancies
Perform plan calculations (eligibility, contributions, match, profit sharing, etc.)
Process transactions (distribution and loan requests, forfeitures, etc.)
Ensure compliance with plan documents & IRS/DOL regulations and plan administrative practices
Participate in peer review to ensure accuracy
Maintain accurate and timely recording of work tracking logs
Participate in plan design client calls
Assist other Consultants with more complex plan issues
Oversee projects and report results/progress to Team Leader and/or Director of Operations
Maintain day-to-day client contact for inquiries on assigned plans. Correspond with clients, team members, Producers & Relationship Managers to help manage client relationships and respond to all client or participant calls/emails within 4 business hours.
Mentor less experienced staff on systems and processes; develop compliance and consulting skills; resolve complex reconciling issues and research complicated plan issues.
Prepare IRS Form 5500/SAR, audit packages, MRDs, required compliance tests (e.g., ADP/ACP, Top Heavy, 402g, 410(b), 415 & new comparability tests); gather and reconcile required data; coordinate with EPS Team for consistency; manage deadlines; communicate with clients/auditors; review results and present to clients.
Provide guidance to team members on core services vs. additional billing; complete required tracking spreadsheets for projects and non-core TPA services to ensure proper client invoicing.
Participate in the transition of new business; provide consultative plan design discussions on document restatements; participate in periodic transition meetings/calls; review loans and system specs; assist other team members with conversions.
Complete special projects as applicable (plan corrections, match and/or profit-sharing calculations, DOL calculations, VCP filings).
Knowledge, Skills And Abilities
Bachelor’s Degree in Mathematics, Business, Finance or Accounting preferred or equivalent experience
Seven or more years related TPA/retirement experience; ASPPA exam completion/certification required or willing to obtain
Strong computer skills with solid knowledge of Windows, Word & Excel
Excellent mathematical aptitude; detailed and organized; ability to multi-task
Ability to meet client deliverables requiring extended working hours during peak periods
Excellent communication, accounting and interpersonal skills
Relius Administration experience a plus
Why USI?
USI Consulting Group (USICG) is a full-service retirement plan consulting and benefits administration firm with nearly 50 years of experience. USICG is an affiliate of USI Securities, Inc. and USI Advisors, Inc., and a subsidiary of USI Insurance Services. To learn more, visit usicg.com.
Compensation
Annual salary range is $75,000-$85,000, plus potential compensation incentives.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Consulting, Information Technology, and Sales
Industries
Insurance
#J-18808-Ljbffr