ERISA Compliance Consultant/Reviewer

Job Description

Networks Connect is hiring for a ERISA Compliance Consultant/Reviewer position that will work remotely.  In this position, you will be responsible for Peer Review of Annual Valuation Reports, Compliance Tests and Government Reporting. Responsible for handling technical issues/questions and document issues/questions for all consultants.  Additionally, will be responsible for administration of a small case load of defined contribution/defined benefit combo plan plans.  Specific duties include but are not limited to:

• Handle Peer Review of Annual Valuation/Compliance Testing and Tax Reporting
  • Accuracy of Census Data/Compensation/Eligibility
  • Accuracy of ALL Compliance Tests
  • Accuracy of Asset Reconciliation
  • Accuracy of Government Filings (5500, 8955-SSA)
• Handle Research for Client Inquiries to support all Consultants
  • Controlled Groups
  • Affiliated Service Groups
  • Merger & Acquisitions
• Handle Servicing of Assigned Case Load
  • Administration and evaluation of Census information.
  • Compliance testing including ADP/ACP, Coverage, Top Heavy, Mid Year Testing and Cross-Testing.
  • Analyzing and reconciling plan assets.
  • Tax Reporting: 5500, SAR and 1099R (limited) preparation.
  • Ensure ongoing plan qualification using appropriate techniques and computer software to maintain legal compliance.
  • Annual Year End Valuations for uploading to the portal and produce participant statements when necessary.
  • Understanding of contribution processing as well as distribution processing
• Provide support to internal/external client by answering questions and problem solving to ensure the highest level of client satisfaction.
• Understand Money-in, Money-out, Reconciliation, /Distribution Requests, Vesting Calculations, Loan Applications, Hardship Withdrawals, In-Service, etc.
• Handling Corrective Actions for clients as needed
  • Lost opportunity gains
  • VFCP Filings
  • Missed enrollment corrections
  • Erroneous enrollment corrections
• Working with Consultants, clients and internal Document processing teams on document questions, issues and discretionary Amendments
• Accountable for routine and non-routine transactions and service issues including researching, resolving transaction questions/errors, and compliance and regulatory issues.
• Will collaborate with Administrators to ensure accurate account management.
• Professionally administer incoming calls and e-mails ensuring they are handled or redirected accordingly.
• Handle confidential and non-routine information.
• Work independently and within a team on special, non-recurring, and ongoing projects including special projects at the request of the Administrators.
• Maintain Work Log and PensionPal/Outlook Databases.
• Backup for Administrators in their absences (vacation, days off, seminars, etc.).
• Actively shares knowledge and information with team members.
• Participate in training activities in order to enhance level of knowledge.
• Work with plan auditors to provided needed information and prepare final 5500
• Handle IRS/DOL audits for assigned case load – information gathering, questions, etc.
• Streamline/Implement DB/DC combo process/procedures
• Performs other related duties as assigned.

Qualifications:

• QPA QKA Designated
• Analytical, organizational, detail oriented and problem solving skills.
• Knowledge of Microsoft Office package.
• Knowledge of Website usage as it relates to Investment Companies we are doing business with.
• Work requires continual attention to detail and high accuracy in compiling and proofing materials, establishing priorities and meeting deadlines.
• Ability to multi-task in a fast-paced environment with high accuracy and within acceptable turnaround times.
• Knowledge of retirement plans, products, procedures, resources, tax laws and regulations (10 to 15 years preferred).
• Able to work with minimum supervision.
• Maintain a positive achievement attitude and influence others to do the same.
• Maintain Confidentially.
• The ability to build and maintain relationships with both internal and external clients.
• Continued Education to ensure the highest level of knowledge and staying current with changes within the field.

Earnings

$95,000 - $120,000 + bonus salary

Category

Financial Services