Compliance Analyst, ARB

Alerus Financial; Oak Knoll (MN); On-site; USD 34,000 - 40,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits

Paid time off

Career development

Financial wellness tools

Volunteer time

Job summary

Alerus Financial is seeking a Compliance Analyst to support new business activity by creating and uploading plan documents and to back up Compliance and service teams. The role involves drafting adoption agreements, board resolutions, and related documents for ARB/client responsibilities, and supporting annual reviews.

The candidate should have 1+ year of retirement plan experience and 3-5 years in 401(k) plans, with strong communication, organization, and attention to detail.

Qualifications

• 1+ year of technical retirement plan experience with tax-qualified plans and pension laws.
• 3-5 years of experience with 401(k) plans; underwriting or new case issuance preferred.
• Strong written/oral communication and client service skills.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Good working knowledge of Microsoft Word and Excel.

Responsibilities

• Prepare adoption agreement drafts, board resolutions, retirement plan service agreements, confirmations of funds, and related documents.
• Assist with client communication related to legislative changes and topics as directed.
• Support new business installation as directed.
• Participate in annual Administrative Review; audit plan provisions, fee setup, and plan documentation; resolve exceptions.

Skills

Retirement plan experience

401(k) experience

Communication skills

Attention to detail

Time management

Client service

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:

The Compliance Analyst supports new business activity by creating new business documents and preparing uploading new plan forms. Supports existing business by providing plan amendment and fee change documentation. Serves as primary back-up and support for Compliance and various service teams.

WHAT YOU'LL BE DOING:

• Assist with client communication related to legislative changes, client specific topics as directed.
• Support new business installation as directed.
• Prepare adoption agreement draft, board resolution, retirement plan service agreement, confirmation of funds, and other agreements and/or documents necessary to establish and define ARB/client responsibilities.
• Participate in annual Administrative Review process. Audit plan provisions, fee setup and plan documentation. Research and resolve exceptions as necessary.

WHAT YOU SHOULD HAVE:

• 1+ year of technical retirement plan experience with all types of tax-qualified plans and proven proficiency in understanding and applying pension laws and regulations.
• 3-5 years of experience with 401(k) plans; Experience in retirement plan underwriting or new case issuance preferred.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Good written/oral communication, organization, and client service skills required.
• Maintain professional working relationships with internal and external clients.
• Work independently and set priorities.
• Good analytical and problem-solving skills with a high level of attention to detail.
• Good working knowledge of Microsoft Word and Excel.

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:

$25 - $29 per hour 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.