Compliance Analyst

About the Role

As a Compliance Analyst, you will be part of the US John Hancock Retirement segment of the business in the Sponsor Support department. You will be responsible for complex data processing tasks such as collecting, scrubbing, and uploading participant level account data with efficiency and accuracy to meet the service levels set by management. In addition to communicating with plan sponsors and internal stakeholders via our Parts+ recordkeeping system, you will be asked to read and comprehend retirement plan provisions from plan documents and amendments to ensure that reports are properly generated according to Eligibility, Compensation, and Contributions. Reporting into the Operations Manager, the Compliance Analyst will play a key role in ensuring clients are on track to meet the IRS requirements for compliance activities such as Nondiscrimination testing, Loan Delinquency reporting, and Required minimum Distributions. The Compliance Analyst will work with the Client Service Manager team & the ERISA Government & Reporting team to ensure Nondiscrimination testing is completed accurately and timely prior to the IRS mandated deadlines.

Responsibilities

• Understanding of customized plan documents and amendments to ensure that reports are properly generated according to Eligibility, Compensation, and Annual Employer contributions requirements.
• Calculating complex employer matching contributions such as Annual Match, Lookback Match, and Profit-Sharing contributions utilizing pro rata, integrated and straight allocation methods.
• Analyze and reconcile all reporting related to non-discrimination testing & submit to the Compliance & Government Reporting team.
• Work with Compliance & Government Reporting team for any issues that may come up during their testing run.
• Perform other job-related duties and special projects as assigned.

Required Qualifications

• Bachelor's degree required.
• 5-7+ years working in a financial services operation's environment.
• 5+ years working in Defined Contribution plan administration (Third Party Administrator focus preferred).
• Prior experience reading and interpreting 401k Retirement Plan Documents required.
• Excellent data analysis and technology skills.
• Ability to organize, prioritize, and process multiple issues simultaneously.
• Demonstrated analytical / problem solving skills in the financial services industry.
• Demonstrated excellence in written and verbal communication.
• Time management focused adhering to deadlines and timelines.

Preferred Qualifications

• Experience using ASC testing software (highly preferred).
• ASPAA Certificate preferred.

Benefits

• Health, dental, mental health, and vision insurance.
• Short- and long-term disability, life and AD&D insurance coverage.
• Adoption/surrogacy and wellness benefits.
• Employee/family assistance plans.
• Retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions).
• Financial education and counseling resources.
• Up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year.
• Full range of statutory leaves of absence.

Pay

Salary range is expected to be between $73,350.00 USD - $122,250.00 USD. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.

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