John Hancock
Sr. Compliance Analyst (Finance)
Working Arrangement
Hybrid
Job Description
Summary:
The Compliance Analyst is mainly responsible for all aspects of Annual Compliance Testing/Analysis for Defined Contribution plans and Form 5500 and related schedules for both Defined Benefit and Defined Contribution clients.
Specific 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
Every career at Manulife/John Hancock provides the opportunity to learn new skills and move your career forward. Ready to make an impact somewhere? What are you waiting for? Apply today.
About John Hancock and Manulife
John Hancock is a unit of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife globally, including Canada, Asia and Europe. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were CAD$1.3 trillion (US$1.1 trillion) as of June 30, 2021. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com .
One of the largest life insurers in the United States, John Hancock supports more than 10 million Americans with a broad range of financial products, including life insurance , annuities , investments , 401(k) plans , and education savings plans . Additional information about John Hancock may be found at johnhancock.com .
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 and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, 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 recruitment@manulife.com .
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