Retirement Plan Compliance Analyst

Alerus Financial; Excelsior (MN); On-site; USD 52,000 - 60,000; Full time

Benefits offered by this job

Comprehensive benefits package

Generous paid time off

Career development resources

Volunteer time and donation match

Job summary

Alerus Financial is seeking a Compliance Analyst to support new business activity by creating new documents and uploading plan forms, and to support existing business with amendments and fee changes. You will serve as primary back-up for Compliance and service teams.

Join a team that values accuracy, collaboration, and regulatory compliance, and contribute to a culture that emphasizes integrity and client guidance. Strong MS Word/Excel skills and retirement plan knowledge are preferred.

Qualifications

• 1+ year of technical retirement plan experience with all types of tax-qualified plans and 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.

Responsibilities

• 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 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.

Skills

Attention to detail

Analytical thinking

Communication skills

Task prioritization

Client service

Independent work

Tools

Microsoft Word

Microsoft Excel

Job description

Alerus Financial is seeking a Compliance Analyst to support new business activity by creating new documents and uploading plan forms, and to support existing business with amendments and fee changes. You will serve as primary back-up for Compliance and service teams.

Join a team that values accuracy, collaboration, and regulatory compliance, and contribute to a culture that emphasizes integrity and client guidance. Strong MS Word/Excel skills and retirement plan knowledge are preferred.