Compliance Analyst, Specialization

Ascensus

About The Position

This Compliance Analyst position requires an advanced understanding of all plan types and facilitates more complex interactions with Plan Consultants. The role involves successfully completing and supporting the work outlined for Compliance Associate roles, including reading and comprehending retirement plan provisions from various documents to ensure accuracy and compliance with regulations. The analyst must understand, consider, and apply relevant legislation and regulations, such as IRS, DOL, and ERISA, when preparing, analyzing, and interpreting information. Key responsibilities include supporting DOL, IRS, and Large plan audits, assisting Plan Consultants in resolving operational and compliance issues related to qualified plans, and managing plan administration, compliance, and testing for specific blocks of business. The position also entails tracking job progress to ensure data is received and compliance deadlines are met, preparing annual valuation and compliance reports for clients, and providing detailed consultations to Plan Consultants for drafting legal documents. Additionally, the role supports and completes assigned quality assurance reviews and is responsible for protecting confidential data.

Requirements

3 - 5 years of experience in analysis of financial data required
Strong Word, Excel, and Outlook skills
Strong written and oral communication skills
Strong analytical and problem solving skills
Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters
Associate holds Retirement Plan Fundamentals certification upon meeting eligibility requirements

Nice To Haves

Bachelor’s degree preferred
3 – 5 years of prior ERISA experience in the retirement industry preferred
QKA designation preferred
Involvement or work towards associates QPA designation preferred
Prior experience with plan administration software, i.e. Relius

Responsibilities

Ability to successfully complete and support the work outlined for the Compliance Associate roles
Reads and comprehends retirement plan provisions from plan documents, summaries of plan provisions, and related plan materials to ensure accuracy and compliance with regulations
Understands, considers and applies legislation and regulations, including but not limited to IRS, DOL, and ERISA, when preparing, analyzing and interpreting information
Supports DOL, IRS, and Large plan audits
Supports the Plan Consultants in resolving operational and compliance issues related to qualified plans
Is responsible for plan administration, compliance and testing for identified blocks of business
Tracks and monitors job progress to ensure that all necessary data is requested and received in order to meet compliance deadlines
Prepares annual valuation and compliance reports for Clients
Provides detailed consultations with Plan Consultant in drafting plan documents, plan amendments, and other legal documents
Supports and completes assigned quality assurance reviews
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
Assist with other tasks and projects as assigned