Remote
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive. Discover how you can grow your career, make impact and drive real change with our Winning Team today.
Working Arrangement
Job Description
The Opportunity
As a Compliance Analyst you will perform a range of compliance tests for our defined contribution compliance clients and prepare the Form 5500 and related schedules for both Defined Benefit and Defined Contribution clients to ensure plans are following IRS qualification
requirements.Additional
Responsibilities
Client Relations
- Prepare Signature Ready Form 5500, Form 8955-SSA and Summary Annual Report (SAR)
- Assist client through electronic filing process
- Respond to annual plan audit inquiries such as plan reconciliation, Fair Value determination and direct/indirect compensation inquiries
- Perform Annual Compliance Testing
- Coordinate with internal/external contacts to perform compliance-related tasks. Will be expected to proactively develop and maintain the technical and regulatory knowledge required to perform these functions, including applicable Internal Revenue Codes, regulations, and testing procedures.
- Ability to communicate clearly to non-technical audiences on defined contribution compliance issues
- Complete special projects as assigned in accordance with communicated expectations
- Responsible for the timely and accurate completion of Annual Testing, Form 5500, Form 8955-SSA and plan corrections in accordance with IRS/DOL deadlines to avoid penalties
Administration / Operations
- Prepare Form 5500, Form 8955-SSA and SAR
- Perform Annual Compliance Testing (ADP testing (IRC section 401(k)) ACP testing (IRC section 401(m)) Elective Deferral limit (IRC section 402(g)) Annual Additions limit (IRC section 415(c)(1)) Highly Compensated Employee determination (IRC 414(q)) Annual Compensation limit (IRC section 401(a)(17)) General discrimination (IRC section 401(a)(4)) Coverage testing (IRC section 410(b))
- Process/Ensure plan excesses are completed timely
- Calculate Required Minimum Contributions
- Prepare Form 5330 for late contributions
- Complete ERISA requests such as Projected Testing, Match Study, Auto Enroll Analysis, etc.
- Perform Average Benefit Testing, Benefits Rights and Feature Testing as needed
- Monitor 402(g) excesses
- Process plan limit excesses
- Ability to assess problems and appropriately apply technical knowledge to deliver accurate solutions for general compliance issues
- Ability to prioritize, organize, and work on multiple issues simultaneously
- Knowledge of and experience with ADP testing (IRC section 401(k)) ACP testing (IRC section 401(m)) Elective Deferral limit (IRC section 402(g)) Annual Additions limit (IRC section 415(c)(1)) Highly Compensated Employee determination (IRC 414(q)) Annual Compensation limit (IRC section 401(a)(17)) General discrimination (IRC section 401(a)(4)) Coverage testing (IRC section 410(b))
- Knowledge of Form 5500 and related schedules
- Maintain high level of service excellence
How will you create impact?
Reporting into Sponsor Support, the Compliance Analyst will play a key role in ensuring plans are on track with meeting IRS/DOL requirements.
What motivates you?
- You obsess about customers, listen, engage and act for their benefit.
- You think big, with curiosity to discover ways to use your agile approach and enable business outcomes.
- You thrive in teams and enjoy getting things done together.
- You take ownership and build solutions, focusing on what matters.
- You do what is right, work with integrity and speak up.
- You share your humanity, helping us build a diverse and inclusive work environment for everyone.
What we are looking for
- Knowledge of and experience with ADP testing (IRC section 401(k)) ACP testing (IRC section 401(m)) Elective Deferral limit (IRC section 402(g)) Annual Additions limit (IRC section 415(c)(1)) Highly Compensated Employee determination (IRC 414(q)) Annual Compensation limit (IRC section 401(a)(17)) General discrimination (IRC section 401(a)(4)) Coverage testing (IRC section 410(b))
- Previous Form 5500 preparation
- Ability to prioritize, organize, and work on multiple issues simultaneously
- Attention to detail and accuracy
- Maintain high level of service excellence
What can we offer you?
- A competitive salary and benefits packages.
- A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
- A focus on growing your career path with us.
- Flexible work policies and strong work-life balance.
- Professional development and leadership opportunities.
Our commitment to you
- Values-first culture
- We lead with our Values every day and bring them to life together.
- Boundless opportunity
- We create opportunities to learn and grow at every stage of your career.
- Continuous innovation
- We invite you to help redefine the future of financial services.
- Delivering the promise of Diversity, Equity, and Inclusion
- We foster an inclusive workplace where everyone thrives.
- Championing Corporate Citizenship
- We build a business that benefits all stakeholders and has a positive social and environmental impact.
#LI-JH
#LI-Remote
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, Canada, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. At the end of 2022, we had $1.3 trillion (US$1.0 trillion) in assets under management and administration, including total invested assets of $0.4 trillion (US $0.3 trillion), and segregated funds net assets of $0.3 trillion (US$0.3 trillion). We trade as MFC' on the Toronto, New York, and the Philippine stock exchanges, and under 945' in Hong Kong.
Manulife is an Equal Opportunity Employer
At Manulife
/John
Hancock
, we embrace our diversity. We strive to attract,
develop
and
retain
a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment,
retention,advancement
colour
, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.
It is our priority to remove barriers to
provide
equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process
.
All information shared during the accommodation request process will be stored and used in a manner that is consistent with
applicable laws and Manulife/John Hancock policies
.To request a reasonable accommodation in the application process, contact
.
Salary & Benefits
The annual base salary for this role is listed below.
Primary Location
Salary range is expected to be between
If you are applying for this role outside of the primary location, please contact
for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.
Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150
hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.
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