Senior Compliance Consultant

Overview

This position supports highly complex retirement plan clients by performing compliance testing, testing review, document support, and government forms preparation and review. The role ensures assigned plans remain tax qualified by meeting applicable IRS and DOL reporting and testing requirements, including reporting on accounting and financial activity for the plan. The job may also include technical training.

Responsibilities

• Prepare and/or review non-discrimination tests, top-heavy tests, coverage tests, and 415 annual addition tests for the largest and/or most technically complex plans, including New Comparability plans, Multiple Employer Plan, “high profile” plans, and other required compliance testing such as 401(a)4.
• Perform and/or review complex contribution calculations.
• Ensure assigned plans remain tax qualified by meeting all required IRS and DOL reporting and testing requirements, including reporting on accounting and financial activity for the plan.
• Maintain the client database and enter changes into recordkeeping software; complete testing and ensure quality control audit is performed.
• Submit financial reports and the Form 5500 package for review, correction, approval, and submission to the client and governing agency.
• Allocate employer profit sharing, matching, and/or money purchase pension contributions based on plan provisions and submit allocations to the plan sponsor for approval.
• Work with administration teams to produce distributions or allocations of contributions or forfeitures based on client approval; identify and meet deadlines.
• Review legal plan documents and employee data to determine participant eligibility.
• Reconcile and/or review all financial activity and prepare government forms for the largest and most technically complex plans.
• Consult on, recommend, and implement resolutions to client issues to support customer satisfaction and retention.
• Maintain current awareness of legislative changes, IRS rulings, and expert opinions related to retirement plan processing.
• Research new issues to determine their impact on plan qualification status; communicate with the supervisor on daily processing issues.
• Serve as a technical expert to compliance analysts and provide resolutions to support business needs.
• Coordinate year-end processing issues with Relationship Managers/Client Service Managers and assist with client calls as needed.
• Lead process improvement projects as identified after annual review of internal procedures by the Compliance Manager, including incorporation of upcoming tax law updates.
• Assist with training of new processes.
• Write reports, business correspondence, and procedure manuals; present information and respond to questions from managers, clients, customers, and the general public.
• Assist less experienced Compliance Analysts with day-to-day functions.
• Perform other duties as assigned related to the department’s essential operations.
• Apply advanced mathematical concepts using current spreadsheet and accounting database software; complete detailed financial reconciliations and data analysis.
• Utilize technical skills and available tools to resolve compliance issues.
• Consistently meet and/or exceed performance expectations while working under pressure in a fast-paced environment.
• Engage in ongoing learning through everyday activities and events.
• Collaborate with colleagues and openly share knowledge.
• Maintain regular, reliable, and punctual attendance.
• Proactively adopt, protect, and embrace emerging technologies (AI, automation, etc.), platforms, and evolving practices that accelerate transformational growth and advance organizational commitments.

Management Responsibilities

None

Requirements

• 8 years of progressive plan experience in a third party administration environment.
• Successful completion of the ASPPA (RPF-1 & RPF-2 exams) designation, demonstrating knowledge in controlled groups, cross testing, catch-up contributions, and other current technical topics.
• Advanced knowledge of retirement plan tax law (ERISA) including Revenue Code section 401(a)(4), 416, 414(b), (c), (m), (n), as well as others.
• Strong MS Office skills, including Excel.

Preferred Qualifications

• Bachelor’s degree in a business-related field or relevant industry experience.
• QKA designation.
• ASC.

Competencies

• Independent; diplomatic; creative problem solver
• Integrity
• Analytical thinker; resourceful
• Team player; utilizes sound judgment
• Results driven; thoroughness
• Personal credibility
• Written and oral communication skills
• Client service focused

Travel

Less than 5%

Location

Newport

Compensation & Benefits

Compensation and benefits information is not provided in the job description.

Note

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee. Duties, responsibilities, and activities may change at any time with or without notice.