Compliance Analyst, ARB at Alerus in Minnesota (Home Site)

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
• 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.

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 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.

Requirements

• 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.

Skills

Required

• Work independently and set priorities.

Benefits

• 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.
• $25 - $29 per hour based on experience.