Requirements
Title: Compliance Analyst – Defined Contribution
Position Location: 100% Full-time Remote
Description: As a Compliance Analyst, you will be responsible for complex data processing tasks such as collecting, scrubbing, and uploading participant level account data with efficiency and accuracy to meet the Service Levels set by management. In addition to communicating with plan sponsors and internal stakeholders via our Parts+ recordkeeping system, you will be asked to read and comprehend retirement plan provisions from plan documents and amendments to ensure that reports are properly generated according to Eligibility, Compensation, and Contributions. You will also be responsible to calculate complex employer contributions such as Annual Match, Lookback Match, and Profit-Sharing contributions utilizing pro rata, integrated and straight allocation methods.
We are looking to grow our team. Individuals who demonstrate strong performance and ability to learn quickly in the temp position will be considered for fulltime employment.
What you’ll be working on
Job Description:
- Compliance position in the Sponsor Support team that has an advanced understanding of Defined Contribution Plans.
- Understanding of customized plan documents and amendments to ensure that reports are properly generated according to Eligibility, Compensation, and Annual Employer contributions requirements.
- Calculating employer contributions - employer matching contributions, including safe-harbor match and Lookback Match contributions; profit sharing contributions utilizing pro rata, integrated and straight allocation methods.
- Analyze and reconcile all reporting related to non-discrimination testing & submit to the Compliance & Government Reporting team.
- Work with Compliance & Government Reporting team for any issues that may come up during their testing run.
- Perform other job-related duties and special projects as assigned.
Job Requirements:
- Bachelor’s degree required
- 3+ years working in Defined Contribution plan administration (Third Party Administrator focus preferred).
- 5+ years working in a financial services operations environment
- Prior experience reading and interpreting Plan documents required
- Excellent data analysis and technology skills
- Ability to organize, prioritize, and process multiple issues simultaneously
- Demonstrated analytical / problem solving skills in the financial services industry
- Demonstrated excellence in written and verbal communication
- Time management focused adhering to deadlines and timelines
- ASPAA Certificate preferred but not required