Operations Process Developer Job in Bangalore at Genpact

Genpact is hiring for the role of Process Developer!

Responsibilities of the Candidate:

• Demonstrate a solid understanding of various retirement plans such as 401(k), 403(b), 457, and stay updated on relevant regulations affecting the retirement business. 
• Maintain accurate contribution records for retirement participants enrolled in the allocated plan, ensuring compliance with regulatory requirements and plan guidelines. 
• Assist plan sponsors with the administration of their retirement plans, including tasks such as contribution calculation, non-standard trading, participant financial activity, and other complex record-keeping functions. 
• Ensure that retirement plans adhere to all regulatory requirements, including IRS regulations, ERISA guidelines, and plan documents. 
• Coordinate with financial institutions and service providers to ensure timely and secure distribution of retirement benefits. 
• Manage participant enrollment processes, including verifying eligibility, processing enrollment forms, and updating participant information as needed. 
• Monitor service providers, investment managers, and other third parties to ensure compliance with fiduciary responsibilities. 
• Address participant inquiries regarding contribution limits, eligibility requirements, and retirement planning resources 
• Assist with investment management activities, such as fund transfers, rebalancing, and implementing investment changes. 
• Monitor investment performance and provide support in evaluating investment options. 
• Facilitate participant loan requests, ensuring compliance with plan rules and regulatory requirements. 

Requirements:

• Bachelor’s degree in commerce or equivalent field 
• Basic understanding of retirement plans and regulatory requirements 
• Strong attention to detail and accuracy in data entry and record-keeping 
• Ability to work independently and collaboratively as part of a team 
• Good Written/Verbal Communication 
• E-mail Writing proficiency.