Non-Qualified Retirement Plan Administrator

LHH Recruiting is assisting our client in Phoenix, AZ with hiring a Non-Qualified Retirement Plan Administrator. This role is responsible for tracking all Non-Qualified Plan Administration projects and collaborating with the Advisor/Team to ensure timely and cost-effective project completion. Extensive knowledge of life insurance and Non-Qualified Plans, as well as excellent communication and writing skills, are essential. Proficiency in Microsoft Word and Excel (including formulas and charts) is required. Expertise in modeling and life insurance carrier illustrations for various arrangements is also necessary. Additionally, the role demands extensive skills in sophisticated executive compensation plan design, self-motivation, and the ability to work with limited supervision.

Essential Functions:

• Input plans and new participants into the web-based platform.

• Record all incoming and outgoing transactions into the system.

• Maintain records for non-qualified plan administration clients.

• Manage all plan documents and enrollment forms for clients.

• Prepare quarterly and annual reports for plan administration employers and participants.

• Process investment allocation requests as directed by the Registered Representatives in the firm.

• Enroll new participants in Plans.

• Run or request in-force ledgers for clients' life insurance policies.

• Obtain account and surrender values for the platform.

• Provide annual statements and prepare annual reviews as needed for Plans.

• Communicate directly with clients to assist with policy changes, such as changes in ownership or beneficiary, address changes, and policy withdrawals, loans, or surrenders as instructed.

• Liaise with insurance carriers to obtain information regarding client policies.

• Assist with other administrative duties as assigned.

• Process allocation change requests at both employer and employee levels.

• Follow up with clients and manage billing.

• Request in-force illustrations to prepare for the next year's billing.

• Handle FICA reporting and economic benefit reporting.

• Send out deferral election forms.

• Perform other duties and responsibilities as assigned by management.

Knowledge Base:

• Understanding of insurance processing procedures.

• Knowledge of SERPs, Phantom Stock, "Top-Hat," and Defined Benefits Plans.

• Familiarity with non-qualified and qualified plans.

• Understanding of Split Dollar Arrangements.

• Proficiency with computer and office equipment, including word processing, Excel, and database entry.

• Ability to develop Excel spreadsheets.

• Attention to detail and accuracy are essential.

• Dependability and flexibility in handling changing priorities and multiple tasks.

• Excellent interpersonal and communication skills (both oral and written), including the ability to compose and proofread correspondence (letters, memos, reports, etc.).

• Strong communication skills, with the ability to speak clearly and distinctly to clients and advisors, emphasizing correct pronunciation.

• Ability to apply common sense and carry out detailed but straightforward written or oral instructions.

Work Experience:

• Over 5 years of experience in non-qualified executive benefit planning, estate planning, and personal and business insurance planning.

• Ideally, experience should include both the design and administration of such plans, along with a strong knowledge of life insurance.

Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable.

Equal Opportunity Employer/Veterans/Disabled

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The Company will consider qualified applicants with arrest and conviction records subject to federal contractor requirements and/or security clearance requirements.