Defined Benefits Analyst, Retirement Plan Services
Your Opportunity
Your opportunity
At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.
Defined Benefit (DB) Services provides actuarial and administration services to clients whose objective is to provide an integrated retirement plan experience. The Defined Benefits Analyst will be responsible for preparing, reviewing, and delivering DB services to self-employed individuals and small businesses; producing regular deliverables, handling special requests and responding to prospects' and clients' questions related to the DB plans.
What you will do:
- Consult with prospective and ongoing clients and advisors
- Prepare and peer review annual actuarial reporting and contribution estimates
- Prepare and peer review government forms filings for both ongoing and terminating plans (e.g. Form 5500, Schedule SB, Annual Funding Notice, PBGC Premium, IRS Form 5310, PBGC Form 500)
- Develop/review individual participant benefit calculations and distribution paperwork
- Prepare and review plan documents, plan amendments, and employer resolutions
- Apply specialized knowledge, skills, and experiences within this area of expertise to resolve a wide range of issues and influence others to take action
- Employ good judgment in selecting methods to solve problems
What you have
To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications:
- Desire to make a significant contribution to the success of Schwab's products
- Team mentality, with willingness and ability to contribute at all levels of service delivery
- Good oral and written communications skills
- Ability to rapidly learn broad range of skills, processes and become a DB subject matter expert
- Ability to think differently and to continuously improve the delivery of services
- Good organizational skills, shows attention to detail
- Computer skills, especially in Microsoft Office and Adobe Acrobat Pro
- Degree(s) in Business, Finance, Accounting, or Math or equivalent experience
Preferred Qualifications:
- Experience in retirement plan and/or defined benefit services
- Current ASPPA designation, or other industry designation that demonstrates relevant retirement plan continuing education.
What’s in it for you
At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.
We offer a competitive benefits package that takes care of the whole you – both today and in the future:
- 401(k) with company match and Employee stock purchase plan
- Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
- Paid parental leave and family building benefits
- Tuition reimbursement
- Health, dental, and vision insurance
What you are good at
What you have
To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.
Required Qualifications:
- Desire to make a significant contribution to the success of Schwab's products
- Team mentality, with willingness and ability to contribute at all levels of service delivery
- Good oral and written communications skills
- Ability to rapidly learn broad range of skills, processes and become a DB subject matter expert
- Ability to think differently and to continuously improve the delivery of services
- Good organizational skills, shows attention to detail
- Computer skills, especially in Microsoft Office and Adobe Acrobat Pro
- Degree(s) in Business, Finance, Accounting, or Math or equivalent experience
Preferred Qualifications:
- Experience in retirement plan and/or defined benefit services
- Current ASPPA designation, or other industry designation that demonstrates relevant retirement plan continuing education.
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. (Please click here to see policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.