Defined Benefit Analyst

Job Description

Your Opportunity

Defined Benefit Services provides actuarial, administration, and participant services to clients whose objective is to provide an integrated retirement plan experience to their employees and a single-provider servicing solution for all of their retirement programs. Schwab Retirement Plan Services, Inc. is a wholly-owned subsidiary of The Charles Schwab Corporation. Schwab Retirement Plan Services provides recordkeeping, administration, participant education and communication, plan design, consulting, actuarial services, and compliance testing for a total of over 900 defined contribution, defined benefit, and nonqualified retirement plans.

What you’re good at

Personal Defined Benefit (DB) Plans – Primarily responsible for preparing and delivering DB services to self-employed individuals and small businesses; handling request and questions on the customer service phone line; and responding to questions from clients and prospects related to the DB plan. Specifically, the person will:

• Develop contribution calculations and deliver minimum/maximum contribution range to clients
• Prepare plan documents, review and process new client information and data
• Communicate with clients, prospective clients and advisors via customer service phone line and email
• Maintain participant and plan data
• Prepare individual participant benefit calculations and distribution paperwork
• Draft sample communications, plan amendments and employer resolutions
• Prepare annual actuarial reporting and government forms filings (Form 5500,Schedule SB, Summary Annual Report, Annual Funding Notice, PBGC Form 1)
• Prepare government filings for plan terminations, when requested by clients (IRS Form 5310, PBGC Form 500, related attachments)

What you have

• Desire to make a significant contribution to the growth of Schwab's Personal Defined Benefit Plan product
• Team player mentality, willing and able to contribute at all levels of service delivery
• Good oral and written communications skills; experience explaining retirement plan information or other complex concepts over the phone to customers and prospects
• Ability to rapidly learn broad range of skills, processes and DB subject matter
• Ability to think differently and to continuously improve the delivery of services
• Good organizational skills, shows attention to detail
• Computer skills, especially in Microsoft Office and Adobe Acrobat Pro
• Willingness to pursue ASPPA designation of QKA, or other relevant retirement plan continuing education
• Undergraduate degree in Business, Finance, Math, Actuarial Science, Accounting, or work experience in a related area preferred