Representative I – BPS Operations Processing

FIS — Pune, Maharashtra

₹3–7 LPA (HireSetu estimate) · 0–5 yrs exp · Freshers eligible · Full-time

HireSetu listing reference 30ce87 · employer requisition JR0310571 — confirm requirements below, then apply on the employer site.

Quick answer: Nondiscrimination testing and Form 5500 filing for US 401(k) and 403(b) plans, done from Pune for an American recordkeeping client. The core of the job is spreadsheet accuracy against retirement plan rules, and much of it lands in deadline waves.

From FIS' job posting

About the team

The client is an American publicly owned global investment management firm that offers mutual funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial intermediaries.

What you will be doing

Reporting to the Team Manager, BPS Operations Processing Representative will primarily be responsible for ensuring that accurate and timely running of Compliance Tests and Form 5500 filing for 401(k) & 403(b) plan sponsors (end clients). The role will involve high level of interaction with onshore stakeholders via emails regarding resolution of data related issues for Compliance testing & Form 5500 work.

Working as part of a team to complete work assigned by the Team Manager, ensuring procedures are adhered to and data issues raised appropriately.

Key Duties and Responsibilities

  • Perform tasks to ensure compliance with work group and client-specific procedures to further guarantee adherence to service level agreements.
  • Perform Nondiscrimination testing and prepare Form 5500 for customers under this client umbrella.
  • Ensure the security of the client data which is subject to compliance testing & Form 5500.
  • Works with appropriate system and ensure accuracy of Compliance testing reports & Form 5500 filings.
  • Commitment to ensure quality in service delivery to the end customer of the client.
  • To work on the assigned Nondiscrimination and Form 5500 work in a timely manner.

Graduate

  • Min 0-5 years of experience in Nondiscrimination testing/Form 5500.
  • Experience in Relius Admin/ Relius Govt. Form will be an added advantage.
  • Establish strong relationship with onshore counterparts and should be capable of handling data issues and ability to identify discrepancy or insufficiency of data to complete compliance testing and 5500.
  • Strong PC skills with basic knowledge of Microsoft Office applications – specifically Excel.
  • Knowledge of US Retirements – 401(k) & 403(b) plans.
  • Customer-driven, focusing on providing the highest quality services to FIS internal and external clients.
  • Excellent verbal and written communication skills
  • Ability to work on Compliance testing / Form 5500 within the given timelines.
  • Ability to maintain confidentiality and conduct assignments that are sensitive in nature.
  • Ability to work both independently and in a team environment.

Desirable

  • Eye for detail especially for a Process like Compliance Testing & 5500
  • Excellent customer service skills that build high levels of customer satisfaction for internal and external clients
  • Effective analytical, problem-solving, team, and time management skills

The employer’s company overview, benefits, equal-opportunity statement and generic skills tables are left out here; they are on the original posting.

Text from FIS' official job posting, formatted by HireSetu. The employer's own page is the final word on details.

A compliance job wearing a processing title

The title reads like back-office work. The substance is US retirement plan rules applied to participant data: nondiscrimination testing checks whether a plan's contributions favour owners and highly paid staff over the rest of the workforce, and you run the numbers that answer it. One wrong compensation figure or a missing date stops a test from being valid, so the checking matters more than the speed.

Excel does most of the heavy lifting. Lookups, pivots and reconciling a file against its source are the daily skills. If you've never worked with participant-level data, say so and lean on what you have done with large spreadsheets.

Deadlines arrive in waves

Testing follows the plan year, and a Form 5500 is due by the last day of the seventh month after the plan year closes, with extensions pushing it later. Work clusters around those dates, so the run-up to a filing is not a normal week. Some days you reconcile data; others you spend emailing the US team for the piece that's missing.

Confirm your shift before you accept. A role built on email coordination with an onshore team has to overlap with their working day, and you want to know how much of yours that takes.

Relius is the portable part

The listing calls Relius Admin and Relius Govt an advantage. They are the recordkeeping systems this industry runs on, and a year of live files in them is the most transferable thing you can take from this job. Without that, lead with whatever testing or 403(b) exposure you have.

The confidentiality line is real work here. You'll handle participant balances and pay figures for a US client, so data handling counts as part of the skill set.

Prepared from FIS' job posting and checked against it before publishing. See our Editorial Policy.

How to apply

  1. The Apply button opens this job on FIS' careers site (fis.wd5.myworkdayjobs.com).
  2. Its requisition number is JR0310571; search for it on the careers site if the link ever stops working.
  3. Workday logins are separate for every company, so you need an account made for FIS.

Apply on FIS' site

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