Great-West Financial Empower Retirement

401k Plan Conversion Consultant

US-CO-Denver (DTC) | US-WI-Milwaukee | US-KS-Overland Park
1 month ago
Job ID
14849
# Positions
6
Category
Account Operations

Position Highlights

Would you like to be a part of one of America's leading financial services firms? 


At Great-West Financial® and Empower Retirement, our more than 5,800 associates are dedicated to helping millions of Americans plan for their financial futures. Headquartered in metro Denver, we serve customers nationwide through offices around the country. Our offerings range from life insurance, annuities and executive benefits products marketed under our Great-West brand to retirement savings products and services provided by our Empower brand. Our over 5,800 associates across 40 locations across the country provide world class service to:


30,000+ employer sponsored retirement plans

8 million+ employees participating in their employer-sponsored retirement plan

467,700+ individual life insurance and annuity accounts

$460 billion+ total assets under administration


Empower Retirement is currently looking for a 401k Plan Conversion Consultant to support our small to mid-size clients. The Consultant is responsible for the successful onboarding of new retirement plan sales, acting as the project manager and consultant for conversion activities. The Conversion Consultant will also act as the point of contact with Plan Sponsors, Financial Advisors and Third Party Administrators.


What's in it for you?

We believe that providing our associates with the means to lead healthy, balanced lives results in the best possible work performance. As an employee you will be eligible to participate in the following benefits: Medical, Dental, Vision and Life Insurance, Paid Volunteer Time, Paid Annual Leave, 401k with company match, Bonus opportunity

Primary Responsibilities

What will you do?

  • Responsible for the successful installation of standard/non-complex new transfer or start-up retirement plan sales.
  • Acts as the primary contact for Empower during the conversion process. 
  • Perform weekly conference calls on assigned sales and consults with various client contacts including plan sponsors, financial advisors, third party administrators, relationship/client service managers, regional sales director’s, prior providers, payroll vendors and various internal departments with respect to the timing of conversion, outstanding items, critical tasks and overall project management. 
  • Discusses service agreements, contracts and product features with plan sponsors, financial advisors and third party administrators for suitability and comprehension of administrative duties.
  • Review plan provisions with plans electing internal compliance services to ensure accurate restatement of retirement plan documents 
  • Coordinates the integration and mapping of payroll files/methods with the plan sponsor to Empower.
  • Facilitate the transfer of plan assets and records though written and verbal communication with prior providers, client contacts and various internal departments
  • Maintain established internal deadlines and timelines associated with transfer and start-up plan activity
  • Produce quality work on assigned sales through various quality assurance measures
  • Follow established procedures designed to minimize market risks and gain/loss situations
  • Transition plans timely from blackout release to the on-going client service manager
  • Must be willing to work extended hours and overtime during peak seasons or high volume. 
  • Other duties and projects as assigned

Qualifications

  • Bachelor's Degree in Business or related field preferred
  • Excellent written and verbal communication skills
  • Strong attention to detail required
  • Excellent time management skills
  • 1-2 years Implementation or related work experience
  • Proficient knowledge of various IRS codes preferred; 457, 401(k), 403(b), 401(a), etc.
  • Proficient knowledge of IRS/DOL reporting knowledge
  • Proficient regulatory compliance and plan document knowledge
  • FINRA Series 6 optional, not required 

Disclaimer:  The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job.  They are not intended to be an exhaustive list of responsibilities, duties and skills.

About Great-West Financial

At Great-West Financial® and Empower Retirement, our more than 5,800 associates are dedicated to helping customers secure their financial futures. If you’re interested in joining a company that enjoys a record of strong performance and is rich in history yet innovative, bold and transformative, then our organization is an outstanding place for you to grow and succeed! We’re an equal opportunity employer dedicated to workforce diversity and inclusion. We’re also committed to providing a drug-free workplace.

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