Compliance Analyst

Overview

This compliance role involves an advanced understanding of retirement plan types and supports more complex interactions with Plan Consultants. Responsibilities include reading and interpreting plan provisions, ensuring regulatory compliance, supporting audits, and assisting with operational and compliance issue resolution.

Responsibilities

• Complete and support the work outlined for Compliance Associate roles
• Read and comprehend retirement plan provisions from plan documents, summaries of plan provisions, and related materials to ensure accuracy and compliance with regulations
• Understand, consider, and apply relevant legislation and regulations, including IRS, DOL, and ERISA, when preparing, analyzing, and interpreting information
• Support DOL, IRS, and large plan audits
• Support Plan Consultants in resolving operational and compliance issues related to qualified plans
• Manage plan administration, compliance, and testing for identified blocks of business
• Track and monitor job progress to ensure necessary data is requested and received to meet compliance deadlines
• Prepare annual valuation and compliance reports for clients
• Provide detailed consultations with Plan Consultants in drafting plan documents, plan amendments, and other legal documents
• Support and complete assigned quality assurance reviews
• Protect, secure, and properly handle all confidential data to prevent unauthorized access, improper transmission, and/or unapproved disclosure
• Assist with other tasks and projects as assigned

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 deadlines in support of business operations, including related ERISA compliance matters
• Associate holds Retirement Plan Fundamentals certification upon meeting eligibility requirements
• Prior experience reading and working with retirement plan materials and compliance documentation
• Prior experience with plan administration software (i.e., Relius)

Preferred Qualifications

• Bachelor’s degree preferred
• 3 – 5 years of prior ERISA experience in the retirement industry preferred
• QKA designation preferred
• Involvement or work towards QPA designation preferred

Supervision

• N/A

Location

Across all 50 states (partnering with advisors in all 50 states).