Vasuki K

• The Primary Job is to work on Configuration (New Plan) & Re- Configuration (Existing Plan) by adding/removing the services which we provide to the client.
• The service like ET, OLE, AE and other would be configured to the new plan and we touch up more on Reconfiguration (Ongoing Plan) plan on these services.
• There are new products introduced and our responsibility is to ensure the newly configured Product works fine from both the ends i.e. from client & the Organization (Fidelity).
• Identified and analyzed user requirements, procedures, and processes to develop optimization strategies.
• Performed daily, weekly, and monthly reviews and analyses of current processes using operational metrics and reports.
• Created informative, actionable, and repeatable reporting that highlighted relevant business trends and opportunities for improvement.

DC Implementations (Amendment Consulting):

• Supporting Managing Director Group in the on-going Plan Maintenance of DC plans.
• Determining if the client requested amendment is fit for the plan.
• Auditing of the Plan amendment contracts.
• Providing Plan Amendment Documents for the clients.
• Record Keeping of Fee charged to the Employees of Plan.
• Preparing legal Documents like Service Agreement and Adoption Agreement for the Plan Sponsors.
• Fund Actions: Adding Fund to the Fund line-up, freezing Funds, Deleting Funds from the fund line-up of the Participants account for Investment.
• Adding Participants Advisory Service to the plan (i.e., PAS-W Service).
• Adding up of Loan and Loan Interest Rate in the systems.
• Giving direction to the downstream teams in order to update their systems to match our systems.
• Understanding client requirements and customizing the services accordingly.
• Maintaining Various Report through Excel (Clarification Report, Error Report and E-sign Expiration report).

DC -Money In:

• Timely completion of all record-keeping tasks related to the deposit of money into a 401(k) account.
• Updating contribution batches for wires received, assisting client services & plan administration managers in terms of funding and wiring instructions and adhere to the forward pricing rule and other regulations.
• Ensuring a high quality customer experience, elevating customer satisfaction while adhering to the SLA’s and work processes thereby ensuring to minimize potential & actual financial losses.
• Preparation of root cause analysis for all the errors for the team and helping new associates.
• Setting of Quality monitoring and End of day reconciliation tools to ensure processing has been completed correctly, preventing errors in Fidelity’s transaction records.
• Assisting Relationship Managers and Client Facing Team with the daily administration of contributions and reconciliations to maintain plan records and resolve processing discrepancies.
• Point of contact for Emerging, Mid and Large segment partners - engaging them on process related to mails on behalf of my team.

• Interface Management and Error Corrections and Clearing open Items of GL, AP & AR Accounts
• Preparing And Posting of Exchange Rate Journals
• Review of Inter Company Account Balances Including Confirmation of Balance with Counter Party.
• Monthly Payments to All the Intercompany Partners through Netting System
• Posting of AP and AR Entries and Payment Allocation and Cash Application
• Period close& Open for AR & AP Books and RACAM Control
• PROCESS MANAGEMENT IN ROLE IN INTERCOMPANY