DC Compliance Analyst

BASIC FUNCTION

The DC Compliance Analyst will be responsible for working in a team environment, completing assigned tasks, retaining information and building knowledge in the field. As knowledge about the field increases, responsibilities and tasks will grow, up to and including responsibility of providing all aspects of plan administration to assigned clients.

RESPONSIBILITIES OF THE POSITION

• Have an understanding of applicable IRS regulations as they apply to qualified retirement plans, including 401(k) plans.
• Maintain current knowledge of applicable IRS code sections.
• Interpret the plan document and regulations applicable to administering qualified retirement plans.
• Gain and develop proficiency in industry software applications (FIS/Relias, Webclient, Omni)
• Excel spreadsheets proficiency with vlookups, basic formulas, and data analysis.
• Gain and develop full understanding of clients and their plans. Develop in-depth understanding of each client’s sensitivities, plan design and needs and objectives with respect to their benefit plans.
• Proactively manage accounts by setting appropriate expectations.
• Address all issues brought to Milliman by plan sponsors and external partners in a timely and professional manner.
• Respond to client and participant inquiries and demonstrate a proactive solution-based approach to enhance client relations.
• Review plan parameters to ensure compliance with plan document provisions, as well as applicable governmental rules and regulations.
• Review all participant and plan-specific contribution limits and plan-level deductibility limits. Prepare required compliance and nondiscrimination testing; including executing necessary corrective measures.
• Prepares annual plan audit package, as well as annual government filings. Acts as primary contact with plan auditors during audits.
• Calculate and/or allocate employer contributions, profit sharing, match, match true ups, etc.
• Track minimum required distributions for the plan. Calculate distributions and communicate with plan participants as needed.
• Deliver the highest quality of service to clients, associates and management.
• Demonstrate professional conduct within the team and with the internal and external partners.
• Respond to internal and external partners in a timely and professional manner.
• Proactively communicate with all key stakeholders.
• Demonstrate commitment to teamwork and a positive attitude.

REQUIRED EXPERIENCE AND SKILLS

• Bachelor’s degree in Accounting, Finance, Math or Business Administration preferred.
• Professional designation in area of expertise – ASPPA credentials highly preferred.
• Working knowledge/understanding of non-discrimination testing and governmental filings highly preferred.
• 2+ years of experience in the retirement plans or complementary business.
• Works well within a team environment and takes ownership of personal work product.
• Proficiency in the use of computers and other general office equipment.
• Proficiency in Microsoft Office Suite with a focus on Excel (vlookups, basic formulas, and data analysis) preferred.
• Attention to detail.
• Excellent Problem solving skills.
• Strong communication skills (both written and verbal).
• Able to productively respond to change.
• Excellent organization and time management skills.

PERSONAL CHARACTERISTICS

Must demonstrate Milliman’s core values which include:

• Integrity – Must be honest, fair, active listener, open communicator and accountable.
• Teamwork – Work cooperatively and treat clients and coworkers with respect and dignity while valuing individual differences, encouraging new ideas and sharing information.
• Commitment to excellence – Demonstrate commitment to being creative, innovative, flexible and adaptable, focusing on quality solutions, continually improving and being a winner.

COMPENSATION

A competitive base salary, plus a performance-based incentives bonus tied to the overall business performance. The salary range is $45,000 to $70,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.

MILLIMAN BENEFITS

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

• Medical, dental and vision coverage for employees and their dependents, including domestic partners
• A 401(k) plan with matching program, and profit sharing contribution
• Employee Assistance Program (EAP)
• A discretionary bonus program
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue
• 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
• A minimum of 8 paid holidays
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs

ABOUT MILLIMAN

Milliman employs more than 4,500 people working in employee benefits, healthcare, life insurance/financial services, and property and casualty insurance. For more than 75 years, the firm has quietly earned a reputation for exceptional services, innovation, and quality. Today Milliman is one of the nation’s most highly regarded providers of retirement plan services to the full spectrum of business, financial, government and union organizations.

HIRING PRACTICES

Our company, with the full support of our Chief Executive Officer, is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, and promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law. Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the HR department.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)