Compliance Analyst, Specialization

Ascensus • Newton, PA

6d

About The Position

This is a compliance position that requires an advanced understanding of all plan types and facilitates more complex interactions with the Plan Consultants. The role involves reading and comprehending retirement plan provisions from various documents to ensure accuracy and compliance with regulations. It requires understanding, considering, and applying legislation and regulations, including IRS, DOL, and ERISA, when preparing, analyzing, and interpreting information. The position supports DOL, IRS, and Large plan audits, and assists Plan Consultants in resolving operational and compliance issues related to qualified plans. The Compliance Analyst is responsible for plan administration, compliance, and testing for identified blocks of business, tracking job progress to meet compliance deadlines, and preparing annual valuation and compliance reports for Clients. This role also involves detailed consultations with Plan Consultants in drafting plan documents, amendments, and other legal documents, supporting quality assurance reviews, and protecting confidential data. The role also requires adherence to the I-Client service philosophy and Core Values of People Matter, Quality First and Integrity Always®. Assistance with other tasks and projects as assigned is also expected.

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

Nice To Haves

• Bachelor’s degree preferred
• 3 – 5 years of prior ERISA experience in the retirement industry preferred
• Associate holds Retirement Plan Fundamentals certification upon meeting eligibility requirements
• QKA designation preferred
• Involvement or work towards associates QPA designation preferred
• Prior experience with plan administration software, i.e. Relius

Responsibilities

• Successfully complete and support the work outlined for the Compliance Associate roles
• Read and comprehend retirement plan provisions from plan documents, summaries of plan provisions, and related plan materials to ensure accuracy and compliance with regulations.
• Understand, consider and apply legislation and regulations, including but not limited to IRS, DOL, and ERISA, when preparing, analyzing and interpreting information
• Support DOL, IRS, and Large plan audits
• Support the Plan Consultants in resolving operational and compliance issues related to qualified plans
• Responsible for plan administration, compliance and testing for identified blocks of business
• Track and monitor job progress to ensure that all necessary data is requested and received in order to meet compliance deadlines
• Prepare annual valuation and compliance reports for Clients
• Provide detailed consultations with Plan Consultant in drafting plan documents, plan amendments, and other legal documents
• Support and complete 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.
• Assist with other tasks and projects as assigned

Benefits

• Equal Opportunity Employer

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level