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ERISA Technical Consultant
ERISA Technical ConsultantVoya Financial • Cleveland, OH, US
ERISA Technical Consultant

ERISA Technical Consultant

Voya Financial • Cleveland, OH, US
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Erisa Technical Consultant

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

Get to Know the Opportunity :

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.

Please Note : Work location for this role is FLEXIBLE! This position allows 100% remote work from home or allows work to be performed in any of our major office locations with a hybrid schedule.

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.
  • Lead project planning and execution for new ERISA-related service offerings.
  • 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.
  • Monitor project timelines, risks, and dependencies to ensure successful delivery.
  • 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 :

  • Bachelor's degree In Business Administration or related work experience in ERISA compliance.
  • 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 Word and Excel (v-lookup, pivot table, formulas).
  • 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 :

  • 8-10 years industry experience, with 5-7 years' experience in an ERISA compliance setting is desired.
  • Industry designation is strongly preferred (SPARK, NIPA, ASPPA, CEBS, ERPA).
  • Experience with Multiple Employer Plans preferred.
  • Experience with project management and / or drafting business and technical requirements for new programs.
  • 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.

    $75,830 - $126,390 USD

    Be Well. Stay Well.

    Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That's why we offer an array of plans, programs, tools and resources with one goal in mind : To help you and your family be well and stay well.

    What We Offer :

  • Health, dental, vision and life insurance plans
  • 401(k) Savings plan with generous company matching contributions (up to 6%)
  • Voya Retirement Plan employer paid cash balance retirement plan (4%)
  • Tuition reimbursement up to $5,250 / year
  • Paid time off including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
  • Paid volunteer time 40 hours per calendar year
  • Critical Skills :

  • Customer Focused : Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
  • Critical Thinking : Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
  • Team Mentality : Partnering effectively to drive our culture and execute on our common goals.
  • Business Acumen : Appreciation and understanding of the financial services industry in order to make sound business decisions.
  • Learning Agility : Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
  • Equal Employment Opportunity :

    Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

    Reasonable Accommodations :

    Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.

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    Technical Consultant • Cleveland, OH, US

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