Retirement Compliance Administrator II

Alerus Financial Corporation; Hyderabad; On-site; INR 5,228,136 - 6,178,706; Full time

Benefits offered by this job

Health and well-being benefits

401(k) and ESOP for retirement savings

Generous paid time off programs

Learning and development resources

Job summary

Alerus Financial Corporation is seeking a Compliance Administrator in Hyderabad, India, who will serve as a subject matter expert in retirement compliance administration. This role involves supporting the client-facing team with communications and compliance testing, while also ensuring accuracy across various tasks within the compliance process. The ideal candidate should have at least three years’ experience in financial services, possess a Bachelor’s Degree, and demonstrate strong analytical skills.

The position offers a competitive salary ranging from $55,000 to $65,000, based on experience, along with a comprehensive benefits package that includes health and well-being benefits, generous paid time off, and learning and development opportunities.

Qualifications

• At least three years of experience in financial services or related field.
• Applicable ASPPA designations or similar certifications preferred.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Ability to maintain professional working relationships with internal and external clients.

Responsibilities

• Support the client-facing team by delivering prompt communication related to retirement plan administration.
• Ensure accurate data handling and adherence to deadlines.
• Support compliance testing, Form 5500 preparation, and other regulatory requirements.
• Collaborate closely with internal teams for operational integrity of retirement plans.

Skills

Written and oral communication

Organization skills

Analytical skills

Problem-solving

Attention to detail

Education

Bachelor’s Degree in a business related field

Tools

Microsoft Word

Microsoft Excel

Job description

WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration, innovation, adaptability, and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth, we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus

ABOUT THE ROLE

Compliance Administrators serve as subject matter experts in the retirement compliance administration space. Most administrators operate within a queued work environment, utilizing Salesforce to manage and delegate tasks efficiently. While this role is generally non-client facing, senior compliance administrators may occasionally engage with clients via email or meetings when needed. Compliance Administrators focus on specific components of the overall compliance process and may not support a plan from start to finish. Their expertise ensures accuracy and adherence to regulatory requirements across various tasks within the compliance function.

WHAT YOU'LL BE DOING

• In this queued work environment, you will play a crucial role in supporting the client-facing team by delivering prompt, accurate, and thorough communication related to retirement plan administration and compliance.
• While this is primarily a back-office position, your work directly impacts the quality and timeliness of client deliverables.
• This role involves a mix of administrative and technical tasks, with a strong focus on supporting compliance testing, Form 5500 preparation, and other regulatory requirements.
• You’ll collaborate closely with internal teams to ensure accurate data handling and adherence to deadlines, helping to maintain the operational integrity of each retirement plan. You will partner with senior team members for peer reviews and may provide some peer review support to level I administrators.

WHAT YOU SHOULD HAVE

• Bachelor’s Degree in a business related field, or equivalent experience.
• At least three years’ of experience in financial services or related field.
• Applicable ASPPA designations or similar certifications preferred.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Good written/oral communication, organization, and client service skills required.
• Strong analytical and problem-solving skills with a high level of attention to detail.
• Ability to maintain professional working relationships with internal and external clients.
• Ability to work independently and set priorities.
• Ability to interpret documents and resolve technical problems.
• Intermediate knowledge of Microsoft Word and Excel.
• Available to work overtime to cover peak workloads and other business needs.
• Ability to identify process improvement, serve as a project liaison for the team.

WHAT WE BRING TO THE TABLE

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
• Learning and development resources for personal and professional career development, and advancement opportunities.
• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.

BASE PAY:$55,000 - $65,000 based on experience

WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally, the employee must occasionally lift or move supplies and materials up to 20 pounds.

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties, and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.