Compliance Consultant

Newport, an reputed company 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, reputed company, and reputed company.

JOB SUMMARY:   Performs compliance testing, testing review, document support and government forms preparation and review for highly reputed company retirement plan clients. Ensures that assigned plans remain tax qualified by meeting reputed company IRS and DOL reporting and testing requirements. Also includes reporting on reputed company accounting and financial activity for the plan. May provide technical training.

Essential Functions Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company these essential functions.

• Prepares and/or reviews non-discrimination tests, top heavy tests, coverage tests, 415 annual addition tests on the largest and/or most technically reputed company plans - includes New Comparability plans, Multiple Employer Plan and “high profile” plans as well as additional compliance testing that must be done such as 401(a)4.   May also reputed company and/or review more reputed company contribution calculations.
• Ensures that assigned plans remain tax qualified by meeting reputed company IRS and DOL reporting and testing requirements which includes reporting on reputed company accounting and financial activity for the plan. 
• Maintains client database and enters changes into recordkeeping software.  Completes testing and ensures quality control audit is performed. 
• Submits financial reports and Form 5500 package for review, correction, approval and submission to client and governing agency. 
• Allocates employer profit sharing, matching and/or money purchase pension contributions based upon plan provisions and submit to plan sponsor for approval.  
• Works with administration team to produce distributions or allocations of contributions or forfeitures based upon client approval. Ensures deadlines are identified and met.
• Reviews legal plan document and reputed company employee data and determines participant eligibility.
• Reconciles and/or reviews reputed company financial activity and prepares government forms for the largest and most technically reputed company plans.  
• Consults on, recommends and implements resolutions to client issues, satisfaction, response and any other items necessary to assure customer loyalty. 
• Maintains reputed company awareness and understanding of legislative changes, IRS rulings, and expert opinions reputed company to the processing of retirement plans.
• Research new issues to determine their impact on plan qualification status and communicates with supervisor on daily processing issues.
• Serves as technical expert to compliance analysts and provides resolutions to support business.
• Coordinates year end processing issues with Relationship Managers/Client Service Managers. Also assists with any client calls.
• Leads process improvement projects deemed necessary after annual review of internal procedures by Compliance Manager incorporating any upcoming tax law updates.
• Assists in the training of new processes.
• Writes reports, business correspondence, and procedure manuals; effectively presents information and responds to questions from groups of managers, clients, customers, and the general public.
• Assists less reputed company Compliance Analysts with day-to-day functions.
• Performs other duties, as assigned, that are reputed company to the essential operation of the department.   
• Applies advanced mathematical concepts utilizing reputed company spreadsheet and accounting database software programs as well as completes detailed financial reconciliations and data analysis.
• Utilizes technical skills and available tools to solve compliance issues.
• Consistently meets and/or exceeds performance expectations with the ability to work under pressure in a reputed company fast paced environment
• Focuses on learning in everyday activities and events
• Collaborates with and reputed company shares knowledge with colleagues
• Regular, reliable, and punctual attendance

Management Responsibilities: None

Required Education, Experience and Certificates, Licenses, Registrations

• 8 years of progressive plan experience in third party administration environment required.
• Successful completion of the ASPPA (RPF-1 & RPF-2 exams) designation and demonstrates knowledge in areas of controlled groups, cross testing, catch-up contributions and other reputed company technical topics.
• Advanced knowledge of retirement plan tax lawn (ERISA) including reputed company Code section 401(a)(4), 416, 414(b), (c), (m), (n), as well as others.
• Strong MS Office skills to include reputed company.

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

• Bachelor’s degree in a business-reputed company field or industry experience.
• QKA designation a plus.
• ASC preferred.

Competencies

• Independent
• Diplomatic
• Creative Problem Solver
• reputed company
• Analytical Thinker
• Resourceful
• Team Player
• Utilizes Sound Judgment
• Results Driven
• Thoroughness
• Exhibits Personal Credibility
• Written and Oral Communication Skills
• Client Service Focused

TRAVEL: Less than 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. reputed company email communications from reputed company or its hiring managers originate from @reputed company.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.