Retirement Plan Specialist

Watson Wyatt is the trusted business partner to the world's leading organizations on people and financial issues. Our client relationships, many spanning decades, define who we are. They are shaped by a deep understanding of our clients' needs, a collaborative working style and a firm-wide commitment to service excellence.Our consultants bring fresh thinking to client issues, along with the experience and research to know what really works. They deliver practical, evidence-based solutions that are tailored to an organization's culture and goals. With 7,000 associates in 32 countries, our global services include: Managing the cost and effectiveness of employee benefit programsDeveloping attraction, retention and reward strategies that help create competitive advantageAdvising pension plan sponsors and other institutions on optimal investment strategiesProviding strategic and financial advice to insurance and financial services companiesDelivering related technology, outsourcing and data servicesWe recognize the value of diversity in our workforce, and encourage all qualified candidates to apply. We thank all candidates who choose to apply, however, only those selected for a further interview will be contacted.Job Posting ID: 4263Position: Retirement Plan SpecialistPhysical Location: Detroit, MIEmployment Status: Regular Full-TimeMinimum Experience Required: 3 yearsMinimum Education Required: Bachelors DegreeQualifications* Bachelor’s degree from an accredited university required. * Strong mathematical and personal computer skills. * Proficiency in Microsoft Excel, PowerPoint, Access and Word a must.* Attention to detail with strong analytical skills. * Professional and responsible approach to work, clients, and associates. * Ability to organize, set priorities, is self-motivated, learn and act independently. * Ability to complete multiple projects within established deadlines and work well under pressure* Must have the ability to learn and understand the Internal Revenue Code sections and regulations governing qualified retirement plans quickly. * Must have the ability to learn and understand the administrative process as it relates to qualified retirement plans. * Ability to understand and follow oral and written instructions * Ability to work in a team environment and communicate effectively. * Learn and adhere to new policies and procedures. * Prior experience with qualified retirement plans a plus.Watson Wyatt is an EEO/AA Employer. M/F/D/V.Position OverviewPerforms administrative projects related to qualified retirement plans, including compliance testing, plan comparison and analysis, participation in compliance audits, analysis for defined contribution plan vendor searches and fee benchmarking projects, assistance with the preparation of proposals, and some Form 5500 preparation. Reports to PMG Team Manager.Responsibilities* Understands and performs nondiscrimination testing including 401(a)(4), 410(b), 415, 416, 401(k), 401(m). * Quality reviews all work for accuracy. * Prepares professional correspondence and reports. * Recognizes potential and actual issues/problems and applies technical knowledge, research and analysis to help the team develop creative and innovative solutions. * Maintains complete and accurate work papers and audit trails. * Communicates with client team on a proactive and ongoing basis. * Reads and understands plan documents, amendments, resolutions, etc. * Keeps current on changes to the Internal Revenue Code sections and regulations governing qualified retirement plans. * Attends and contributes to client, team, and internal meetings. * Attends and contributes to internal training. * Provides support as necessary to other retirement specialists. * Meets assigned billable requirements in a time efficient manner. Secondary Responsibilities* Performs miscellaneous projects as needed by the client, team, and Watson Wyatt. * Assists consultant in drafting of client bills as needed. * Supports Performance Development Process by providing feedback to associates within the practice. .