[Hiring] Senior Compliance Consultant @Ascensus

Role Description

Performs compliance testing, testing review, document support and government forms preparation and review for highly complex retirement plan clients. Ensures that assigned plans remain tax qualified by meeting all IRS and DOL reporting and testing requirements. Also includes reporting on all accounting and financial activity for the plan. May provide technical training.

• Prepares and/or reviews non-discrimination tests, top heavy tests, coverage tests, 415 annual addition tests on the largest and/or most technically complex plans.
• Ensures that assigned plans remain tax qualified by meeting all IRS and DOL reporting and testing requirements.
• Maintains client database and enters changes into recordkeeping software.
• Completes testing and ensures quality control audit is performed.
• Submits financial reports and Form 5500 package for review, correction, approval and submission to client and governing agency.
• Allocates employer profit sharing, matching and/or money purchase pension contributions based upon plan provisions.
• Works with administration team to produce distributions or allocations of contributions or forfeitures based upon client approval.
• Reviews legal plan document and all employee data and determines participant eligibility.
• Reconciles and/or reviews all financial activity and prepares government forms for the largest and most technically complex plans.
• Consults on, recommends and implements resolutions to client issues.
• Maintains current awareness and understanding of legislative changes, IRS rulings, and expert opinions related to retirement plans.
• Research new issues to determine their impact on plan qualification status.
• Serves as technical expert to compliance analysts and provides resolutions to support business.
• Coordinates year end processing issues with Relationship Managers/Client Service Managers.
• Leads process improvement projects after annual review of internal procedures.
• Assists in the training of new processes.
• Writes reports, business correspondence, and procedure manuals.
• Assists less experienced Compliance Analysts with day-to-day functions.
• Performs other duties, as assigned, related to the essential operation of the department.
• Applies advanced mathematical concepts utilizing current spreadsheet and accounting database software programs.
• Utilizes technical skills and available tools to solve compliance issues.
• Consistently meets and/or exceeds performance expectations.
• Focuses on learning in everyday activities and events.
• Collaborates with and openly shares knowledge with colleagues.
• Regular, reliable, and punctual attendance.
• Proactively adopt, protect and boldly embrace emerging technologies.

Qualifications

• 8 years of progressive plan experience in third party administration environment required.
• Successful completion of the ASPPA (RPF-1 & RPF-2 exams) designation.
• Advanced knowledge of retirement plan tax law (ERISA) including Revenue Code sections 401(a)(4), 416, 414(b), (c), (m), (n).
• Strong MS Office skills to include Excel.
• Bachelor’s degree in a business-related field or industry experience preferred.
• QKA designation a plus.
• ASC preferred.

Requirements

• Independent
• Diplomatic
• Creative Problem Solver
• Integrity
• Analytical Thinker
• Resourceful
• Team Player
• Utilizes Sound Judgment
• Results Driven
• Thoroughness
• Exhibits Personal Credibility
• Written and Oral Communication Skills
• Client Service Focused

Travel

Less than 5%.

Other Duties

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

Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about the validity of a job posting, we strongly encourage you to apply directly through our website.