Apply on Employer Site

Mutual of America Financial Group · 2 weeks ago

Associate Client Conversion Analyst

Boca Raton, FL

Full-time

Hybrid

Entry Level

$42K/yr - $64K/yr

1+ years exp

Mutual of America Financial Group is dedicated to helping individuals achieve financial security through pension and retirement-related services. The Associate Client Conversion Analyst will provide personal service during the plan termination process, ensuring smooth transitions for clients and managing necessary documentation and communications.

InsuranceLife InsuranceService Industry

Responsibilities

Communicate with clients and new plan providers for deconversion cases, process benefit purchases and distributions as necessary

Process plan and contract terminations using the various FIS-Omni systems – Omni-DC/DB and Omni Pay

Defined contribution plans - ensure all accounts are in good order for processing

For both defined benefit and defined contribution plan terminations; review and mail out benefit distribution packages; secure valid participant election forms; purchase annuities and process lump sum distributions to complete the plan termination on schedule

Process contract terminations and advise client of documentation required; ensure it is received and in good order, secure information necessary for the new plan provider to take over the administration of the plan, and transfer the assets to the new plan provider

Work with the various departments within the Company to ensure that the plan and contract terminations are processed in accordance with the requirements

Obtain and transmit census and loan data necessary to administer the plan

Assist with IRS and PBGC audits as requested

Other duties as assigned to support the overall workflow of the department

Qualification

Retirement industry experienceDefined Benefit calculationMicrosoft Office proficiencyRegulatory knowledgeDatabase scanningWritten communicationOral communicationOrganizational skillsIndependent work