Internal compliance Analyst
About The Position
Responsible for the administration and coordination of NHRS's compliance and regulatory oversight program. Conducts independent analysis of federal and state laws, regulations, Internal Revenue Code requirements applicable to governmental retirement systems, New Hampshire RSA 100-A, and internal policies and procedures. Leads compliance reviews, risk assessments, policy development efforts, and implementation of legislative and regulatory changes to ensure organizational compliance and preservation of NHRS's status as a qualified governmental pension plan under Internal Revenue Code Section 401(a). Serves as an internal compliance subject matter expert and provides recommendations to management regarding compliance risks, internal controls, and operational practices.
Requirements
- Bachelors Degree with major study in public administration, accounting, human resources, business administration or other related course of study.
- Five years of experience in accounting, insurance or employee benefit coordination, or other relevant experience.
- Valid driver’s license.
Nice To Haves
- Each additional year of formal education may substitute one year of required experience.
- Each additional year of relevant experience may substitute one year of required formal education; although preference will be given to applicants who possess a minimum of an associate’s degree in one of the above specified subject areas.
- Managerial know how and leadership ability.
- Interpersonal skills; ability to motivate, lead, convince; act respectfully in the treatment of all staff, members, stakeholders, and members of the public.
- Possesses or has the capability to gain expert-level in-depth knowledge and understanding of NHRS employer-related operations, relevant statutes, retirement/pension business systems and technology applications.
- Strong demonstrable skills in all facets of communication (written, oral, interpersonal, presentational).
- Strong problem-solving ability and resolution-focused approach.
- Flexibility and adaptability and ability to work well under tight time deadlines in a fast-paced environment.
Responsibilities
- Independently analyzes the operational impact of legislative, regulatory, and operational compliance issues.
- Develops recommendations regarding internal policies, procedures, controls, and business practices.
- Monitors proposed and enacted legislation, regulatory developments, and compliance requirements to identify risks, assess organizational impacts, and support implementation efforts.
- Leads organization-wide compliance reviews, and risk assessments to evaluate adherence to statutory, regulatory, and internal policy requirements.
- Develops and monitors corrective action plans and compliance controls to address identified risks and operation deficiencies.
- Participates in the development, maintenance, and communication of policies, procedures, and compliance controls designed to preserve NHRS's status as a qualified governmental pension plan under Internal Revenue Code Section 401(a).
- Prepares compliance analyses, reports, recommendations, and training materials related to statutory compliance, employer reporting requirements, post-retirement medical subsidy administration, and other regulatory and operational compliance matters.
- Reviews NHRS staff implementation of RSA 100-A with respect to provisions of the Internal Revenue Code and other federal statutes.
- Monitors RSA 100-A for compliance as to form and content with Code requirements applicable to qualified governmental plans.
- Performs various systems testing and provides related systems assessment and utilization recommendations.
- Assist in preparing bill briefs and fiscal note worksheets.
- Other appropriate and related duties as assigned by supervisor.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
