Retirement Implementation Consultant at Empower

Manila, Metro Manila, Philippines

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Retirement PlanningIndustries

Requirements

Bachelor's degree in Business or related field preferred
1 - 2 years Implementation or related work experience
Excellent written and verbal communication skills
Strong attention to detail
Excellent time management
Must be fluent in English
Must be available to work overnight hours
Proficient knowledge of various IRS codes; 401(k), 403(b), 401(a), 457(b) (sets you apart)
Proficient knowledge of IRS/DOL reporting (sets you apart)
Proficient regulatory compliance and plan document knowledge (sets you apart)

Responsibilities

Act as the primary contact for Empower to manage the successful installation of standard/non-complex new transfer or start-up retirement plan sales
Perform weekly conference calls on assigned sales and consult with various client contacts including plan sponsors, financial advisors, third party administrators, relationship/client service managers, regional sales directors, prior providers, payroll vendors and various internal departments with respect to the timing of conversion, outstanding items, critical tasks and overall project management
Discuss 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
Coordinate the integration and mapping of payroll files/methods with the plan sponsor to Empower
Facilitate the transfer of plan assets and records through 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
Work extended hours and overtime during peak seasons or high volume

Skills

Project Management

Retirement Plans

Client Communication

Conference Calls

Service Agreements

Contracts

Plan Provisions

Compliance Services

Payroll Integration

Data Mapping

Plan Conversion

Empower

Personal finance management and credit building

About Empower

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, Empower.me offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring that their credit score remains unaffected during the application process. Unlike many competitors, Empower.me specifically targets individuals with no minimum credit score, aiming to improve their financial health and savings.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$96.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

Risks

Increased competition from fintech companies like Chime and Varo could impact market share.

Integration challenges from acquisitions may disrupt operations and delay strategic goals.

Regulatory scrutiny on credit services could increase compliance requirements and costs.

Differentiation

Empower offers a unique subscription-based model for financial management tools.

The company focuses on credit building by reporting payments to credit bureaus.

Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

Upsides

Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.

Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.

Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

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