Compliance Analyst at Ascensus in Philadelphia, Pennsylvania

Job Description:

FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry's largest in-house ERISA teams. Learn more at FuturePlan.com.

POSITION SUMMARY

Working in conjunction with Client Relationship Managers, the Operations Specialist 4 supports our clients by being responsible for a wide variety of internal operations. Operations Specialist 4 will be measured on their ability to complete processing and reconciliation work accurately and timely. Operations Specialist 4 will also be utilized to work on internal projects as needed.

OPERATIONS SPECIALIST 4 DUTIES AND RESPONSIBILITIES:

• Complete processing, QC, and confirm distributions and loans


• Complete processing, QC, and confirm payrolls


• Process qualified domestic relations orders


• Calculation of required minimum distributions


• Preparation of annual notices


• Perform compliance testing on 457b plans


• Support year-end processing responsibilities related to compliance testing and 5500 processing including large plan 5500 filing


• Perform new comparability allocations, age-weighted contribution allocations, and complex plan design compliance testing


• Process self-directed brokerage and balance forward valuations


• Earned income calculations


• Achieve assigned goals related to turnaround times and accuracy


• Communicate significant issues and exceptions to an appropriate higher level of authority within the organization in a timely manner


• Actively participate in process improvement


• Support Misc. Project work as needed

BASIC/MINIMUM QUALIFICATIONS:

• Bachelor's degree (B.A., B.S.) in accounting or business, or equivalent business experience


• Intermediate knowledge of MS Office Suite


• 4-6 years of retirement administration experience in a professional environment where processing and/or reconciliation has been the focus or banking experience


• Experience with databases and data management


• Knowledge of payroll processing, and payroll deductions as they relate to retirement plans


• Knowledge of general retirement plan administration


• Team player, willing to help where needed


• Self-motivated, eager to learn and grow


• Pro-active innovative thinker


• Effective written and verbal communication skills


• Attention to detail

PREFERRED QUALIFICATIONS:

• Experience with M-Files or FT Williams


• Experience with reconciliation processes


• Ability to effectively assess risk


• Creative problem-solving skills

Ability to mentor and train team members

At Ascensus, we aspire to make a difference for others.We are a technology-enabled services company that helps people save for retirement, education, and healthcare 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.

As aleading independent recordkeeping services partner, retirement plan third-party administrator, and government savings facilitator, we aim to hire associates who find pride in going to work every day knowing that they help more than 12 million people save for what matters.

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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