ERISA Technical Consultant

at  Voya Financial

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:
Please Note: Work location for this role is FLEXIBLE! This position allows 100% remote work from home
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.

The Contributions You’ll Make:

• 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.
• 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.
• 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.

Minimum Knowledge & Experience:

• 8-10 years industry experience, with 5-7 years’ experience in an ERISA compliance setting is desired.
• 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 Excel, Word and PowerPoint.
• Exceptional oral and written communication skills with ability to interact with senior managers required.
• Ability to multitask, prioritize and problem solve independently.

Preferred Knowledge & Experience:

• Bachelor’s degree In Business Administration or related work experience in ERISA compliance.
• Industry designation is strongly preferred (SPARK, NIPA, ASPPA, CEBS, ERPA)

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Compensation Pay Disclosure:
Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.
The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.
Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Please refer the Job description for details