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Form of workNewport, an Ascensus company, helps employers offer their associates a more secure financial future throughretirement plans,insuranceandconsulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive.
JOB SUMMARY: The Processing Specialist formats and loads payroll and withholding information to post into participant accounts utilizing the pricing services to collect prices, dividends and other corporate actions. The Processing Specialist works closely with other departments to help cross check participants' accounts for accuracy and timely reporting.
ESSENTIAL FUNCTIONS Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Confirms participant vesting and vested account balances
Verifies documentation and information for all distributions and posts distributions into system; updates participant personal and election data as needed
Manages plan features and database rules to ensure 409a compliance
Communicates with the internal client service team or relationship contacts to identify and prioritize issues that need immediate attention
Adjusts file layouts to the correct format for processing; manages and processes scheduled withdrawal requests.
Provides assistance to management and departmental teams for all projects as needed
Coordinates details, creates records, and follows up on replies relating to special projects as directed
Assists in streamlining processes.
Regular, reliable and punctual attendance
MANAGMENT RESPONSIBILITIES (NONE)
REQUIRED EDUCATION, EXPERIENCE AND CERTIFICATES, LICENSES, REGISTRATIONS
High school education
Must be able to work a 7am - 4pm shift at least one day of the week.
PREFERRED (BUT NOT REQUIRED) EDUCATION OR SKILLS FOR THIS ROLE ARE
Bachelor's degree (B. A.) in economics, accounting or finance from a four-year
College or university, or related work experience
Intermediate Excel, Word, and Access skills
COMPETENCIES
Analytical
Problem Solver
Project Management
Research Skills
Leadership
Planning and Organization Skills
Written and Verbal Communication skills
Judgment
Critical Thinking
Independent
Team Player
Detail Oriented
Proactive
Motivated
TRAVEL: Up to 5 %.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.comemail addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
