Consultant Deconversion

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

The Deconversion Consultant - Plan Terminations is responsible for the successful termination of standard plans within all segments, acting project manager and consultant for termination activities for assigned plans. The Consultant will also act as the point of contact with Plan Sponsors, Financial Advisors, and Third-Party Administrators.

What you will do

• Oversee the successful termination of standard plans, crossing all segments
• Perform regular conference calls on assigned terminations and consults with various client contacts including plan sponsors, financial advisors, third party administrators, relationship/client service managers, successor recordkeepers providers and various internal departments with respect to the timing of terminations, outstanding items, critical tasks, and overall project management
• Discuss and educate on service agreements, contracts, and product features for liquidation restrictions, options, and comprehension of administrative duties
• Review participant conversion data and activity to prevent risk of loss due to errors
• Maintain established internal deadlines and timelines associated with terminations and shutdown of plan activity
• Produce quality work on assigned terminations through various quality assurance measures
• Follow established procedures designed to minimize market risks and gain/loss situations
• Terminate plans timely from notification to plan shut down

What you will bring

• Associate degree in Business or equivalent related experience
• 1-2 years deconversion/termination or related work experience
• Proficient knowledge of various IRS codes; 457, 401(k), 403(b), 401(a), etc.
• Proficient knowledge of IRS/DOL reporting knowledge
• Proficient regulatory compliance and plan document knowledge
• Excellent written and verbal communication skills
• Strong attention to detail required
• Excellent time management
• Ability to work with clients and handle highly sensitive conversations
• Ability to work extended hours and overtime during peak seasons or high volume

The Deconversion Consultant is responsible for the successful deconversion or termination of standard plans within all segments, acting project manager and consultant for deconversion or termination activities for assigned plans. The Consultant will also act as the point of contact with Plan Sponsors, Financial Advisors and Third-Party Administrators.

What you will do

• Oversee the successful deconversion or termination of standard plans, crossing all segments
• Perform weekly conference calls on assigned deconversions or terminations and consults with various client contacts including plan sponsors, financial advisors, third party administrators, relationship/client service managers, successor recordkeepers providers and various internal departments with respect to the timing of deconversions or terminations, outstanding items, critical tasks and overall project management
• Discuss service agreements, contracts and product features with plan sponsors, financial advisors, third party administrators and successor recordkeepers for liquidation restrictions and options and comprehension of administrative duties
• Perform review of participant conversion data and activity to prevent risk of loss due to errors
• Facilitate the transfer of plan assets and records though written and verbal communication with successor recordkeepers, client contacts and various internal departments
• Maintain established internal deadlines and timelines associated with deconversions /terminations and shutdown of plan activity
• Produce quality work on assigned de-conversions or terminations through various quality assurance measures
• Follow established procedures designed to minimize market risks and gain/loss situations
• Deconvert plans timely from notification to plan shut down, including blackout process, liquidation and final file submission

What you will bring

• Associate degree in Business or equivalent related experience
• 1-2 years deconversion/termination or related work experience
• Proficient knowledge of various IRS codes; 457, 401(k), 403(b), 401(a), etc.
• Proficient knowledge of IRS/DOL reporting knowledge
• Proficient regulatory compliance and plan document knowledge
• Excellent written and verbal communication skills
• Strong attention to detail required
• Excellent time management
• Ability to work extended hours and overtime during peak seasons or high volume

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.