Senior Compliance Analyst

Remote, Florida

Senior Compliance Analyst

  • Remote, Florida
  • Full time
  • Opening on: Jan 3 2025
  • Remote
  • Newport
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Newport, an Ascensus company, helps employers offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive.

Job Summary:  Performs compliance testing, document support and government forms preparation for complex retirement plan clients.  Ensures that assigned plans remain tax qualified by meeting all IRS and DOL reporting and testing requirements, including reporting on all accounting and financial activity for the plan.  Communicates with plan sponsors to update and correct required data necessary to perform various testing required by government regulations (ADP, ACP, 415, 401(a)(4), coverage and top heavy testing).  

Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

  • Investigates and clarifies client data or census problems
  • Prepares non-discrimination tests, top heavy tests, coverage tests, 415 annual addition tests on larger and more technically complex plans, including additional compliance testing that must be done such as 401(a)4
  • Review of testing and/or Government Forms
  • Maintains client database and enters changes into record keeping software
  • Completes testing and ensures quality control audit is performed
  • Serves as technical expertise to compliance analysts and provides resolutions to support business
  • Allocates employer profit sharing, matching and/or money purchase pension contributions based upon plan provisions and submits to plan sponsor for approval
  • Calculates contribution corrections or top-heavy minimum contributions for plan sponsors
  • Communicates test results and recommends solutions to client when specific failures are identified        
  • Produces reports from record keeping system for preparation of government forms for client
  • Prepares Form 5500 and related schedules using government forms software
  • Submits financial reports and Form 5500 package for review, correction, approval and submission to client and governing agency
  • Prepares plan document restatements and amendments as requested by plan sponsor.  Interprets prior plan document history
  • Works with administration team to produce distributions or allocations of contributions or forfeitures based upon client approval, and ensures deadlines are identified and met
  • Consults on, recommends, and implements resolutions to client issues, satisfaction, response and any other items necessary to assure customer loyalty
  • Maintains current awareness and understanding of legislative changes, IRS rulings, and expert opinions related to the processing of retirement plans
  • Research new issues to determine their impact on plan qualification status and communicates with manager on daily processing issues
  • Consistently meets and/or exceeds performance expectations with the ability to work under pressure in a very fast paced environment
  • Focuses on learning in everyday activities and events
  • Collaborates with and openly shares knowledge with colleagues
  • Regular, reliable, and punctual attendance

Management Responsibilities (None)

Required Education, Experience and Certificates, Licenses, Registrations

  • Bachelor’s degree in a business-related field or industry experience, or a combination of education and industry experience
  • 4+ years’ experience in employee benefits
  • Experience in testing and 5500
  • Strong MS Office skills

Preferred (but not required) education or skills for this role

  • ASPPA certification
  • ASC preferred

Competencies

  • Analytical
  • Avid Learner
  • Builds Collaborative Relationships
  • Customer Oriented
  • Detail Oriented
  • Excellent Verbal and Written Communication Skills
  • Information Seeker
  • Judgement
  • Planning and Organizing
  • Problem Solver
  • Resourceful
  • Team Player
  • Time Management

TRAVEL:  Up to 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 validity of a job posting, we strongly encourage you to apply directly through our website.

For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual work space and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 25 MBps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying.


At Ascensus, we aspire to make a difference for others. We are a technology-enabled services company that helps people save for a better future through our network of institutional, financial advisor, and state partners. Our culture is guided by sound principles, is committed to high standards, operates with transparency, and welcomes diversity—housed within our Core Values: People Matter. Quality First. Integrity Always.®


Ascensus provides equal employment opportunities to all associates and applicants for employment without regard to ancestry, race, color, religion, sex, (including pregnancy, childbirth, breastfeeding and/or related medical conditions), gender, gender identity, gender expression, national origin, age, physical or mental disability, medical condition (including cancer and genetic characteristics), marital status, military or veteran status, genetic information, sexual orientation, criminal conviction record or any other protected category in accordance with applicable federal, state, or local laws (“Protected Status”).

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By providing my contact information to Ascensus, I agree that Ascensus or its service providers may email, call or send me text messages about career related opportunities.  I acknowledge that listing my cell phone number is not a condition of receiving any career updates.  By listing my cell phone number, I certify that it is accurate and that I own the rights to give consent to text the number provided.  Message and data rates may apply. For more information about Ascensus’ data privacy practices, please visit our Privacy Management page.

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Apply Now

Not You?

By providing my contact information to Ascensus, I agree that Ascensus or its service providers may email, call or send me text messages about career related opportunities.  I acknowledge that listing my cell phone number is not a condition of receiving any career updates.  By listing my cell phone number, I certify that it is accurate and that I own the rights to give consent to text the number provided.  Message and data rates may apply. For more information about Ascensus’ data privacy practices, please visit our Privacy Management page.

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