Senior Compliance Analyst

Job purpose

Support MVP’s mission, vision, and purpose. Under the supervision of Management, specifically the Director of Recordkeeping and Chief Compliance Officer, this position performs and analyzes results of all plan compliance testing/calculations using MVP’s compliance system along with other custodian websites and Workflow software. Independent judgment is required to plan, prioritize, and organize the workload within a fast-paced, deadline-driven environment.  Works on projects/matters of varying complexity based on firm need.

Duties and responsibilities

Receive and review census data; determine eligibility, vesting, HCE/key employee status, etc.

• Calculate and analyze employer contribution scenarios to maximize employer funding dollars and objectives using safe harbor, matching, profit sharing, QNECs, etc.
• Perform necessary plan compliance testing including ADP/ACP, 410(b), 414(s), 401(a)(4) non-discrimination testing, 415 testing and top-heavy testing.
• Review and interpret calculation and testing results to provide consultation and content.
• Prioritize workflow to ensure regulatory deadlines for testing and funding are met as well as balancing client expectations for timeliness.
• Prepare annual compliance packages on all plans assigned.
• Perform projected testing and calculations for upcoming year-end to assist in plan design. discussions.  Provide recommendation and analysis for client review.
• Keep updated on all changes in the law under ERISA, the Internal Revenue Code, DOL Regulations and all other applicable federal regulations that affect the administration of retirement plans for clients.
• Review and develop processes, procedures and efficiencies.
• Leads and oversees various projects, using discretion to prioritize tasks, allocate resources, and adjust timelines to ensure successful project completion.
• Handles sensitive and confidential information with a high degree of discretion, ensuring that all data is protected and used appropriately.
• Engages in strategic planning by analyzing data, forecasting trends, and making informed decisions that align with the company’s long-term goals, utilizing discretion to adjust plans as necessary.
• Regularly attend and engage in Compliance Team meetings.
• Train and mentor new members of the Compliance Team.
• Fulfill tasks upon request by firm Management team.
• Adhere to company service standards.

Qualifications

•  Positive attitude and client dedicated.
• Advanced proficiency with Microsoft Excel
• Proficiency with Microsoft Office applications including Outlook and Word and other applications including Adobe, and QuickBooks. Ability to learn TPA site specific platforms as well as custodian platforms. SRT/ASC experience a plus.
• Comprehensive understand of rules and regulations affecting retirement plans.
• Must have a high level of interpersonal skills and professionalism handling sensitive and confidential information.
• Ability to multitask, prioritize and manage time.
• Ability to collaborate with others and as team.
• Strong customer service skills, both written and verbal, including ability to explain complex compliance situations and resolutions in a clear and understandable manner.
• Strong organizational and problem-solving skills
• Ability to be self-motivated and independent
• Bachelor’s Degree in Accounting, Finance, Math or similar area preferred plus 5+ years 401(k) plan administration experience, focused in compliance. 
• Industry designation exemplifying competency QKA, APA, QKC, QPA, CPC or equivalent

This is a remote office position.  General office hours are Monday-Friday, 8a-5p ET.

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