Compliance Specialist III – TPA/DPS

🕒 August 31

🏈 Alabama, Arizona, +17 more states – Remote

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💵 $71.2k - $94.9k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

🚔 Compliance

👻 Ghost score 24%

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Logo of NBT Bank

NBT Bank

1001 - 5000 employees

Founded 1856

🛡️ Insurance

💼 Consulting

🏥 Healthcare

Insurance • Consulting • Healthcare

NBT Bank is a financial institution offering a wide range of banking services for personal, business, and wealth management needs. They provide products such as checking and savings accounts, home loans, personal loans, and credit cards. The bank also offers digital banking solutions, fraud prevention resources, and investment and insurance services. NBT Bank is FDIC-insured, ensuring customer deposits are backed by the U. S. government. It has a robust presence with multiple office locations, and it is involved in community activities and diverse initiatives. Additionally, NBT Bank offers specialized services like NBT Wealth Connection, NBT Retirement Plan Services, and government banking.

📋 Description

• Prepare increasingly complex compliance tests and year-end packages • Review plan eligibility requirements and determine eligible participants • Review plan allocation conditions and calculate requested contributions and forfeiture allocations • Perform ADP/ACP nondiscrimination, 415 annual additions, 416 Top Heavy, and 410(b) coverage tests • Conduct self and peer review as needed • Prepare, review, and publish Forms 5500, 5330, 8955-SSA, and other regulatory forms • Reconcile and prepare Form 5500 and applicable schedules for large filer plans • Assist Plan Consultants with auditor questions • Maintain working knowledge of moderate-complexity plans and develop knowledge of more complex plans • Research and resolve testing and Form 5500 issues • Collaborate with other departments as needed • Assist and mentor team members with complex issues and questions • Work with Managers to develop processes and implement best practices • Prepare asset reconciliations and research differences • Prepare outside asset and balance-forward earnings allocations and participant validations • Prepare plan documents, including Restatements, Amendments, SPDs, SMMs, and Notices • Assist with QDRO allocations and corrective earnings calculations • Perform other duties as assigned

🎯 Requirements

• Associate degree and 5+ years related experience or an equivalent combination of education and experience • ASPPA Qualified 401(k) Administrator (QKA) designation required • Ability to read and interpret retirement adoption agreements, program manuals, and government instructions and guidance • Ability to write reports and emails/correspondence and work effectively with employees across the company • Advanced math skills, including fractions, percentages, and ratios • Experience with Microsoft Excel and Word • Ability to work independently and balance multiple tasks • Applicants must be authorized to work for any employer in the U.S.; employment visa sponsorship is unavailable

🏖️ Benefits

• Generous Paid Time Off: At least 22 days annually, prorated in the year of hire • Six weeks of paid parental leave at 100% of salary • Comprehensive medical coverage with employer HSA contributions for High Deductible Health Plan participants • Dental and vision coverage • Flexible spending accounts for healthcare and dependent care expenses • Employer-paid short-term and long-term disability coverage, with option to purchase additional long-term coverage • Employer-paid basic life insurance, with option to purchase supplemental coverage • Voluntary hospital, accident, and critical illness coverage • 401(k) plan with employer matching • Optional Roth 401(k) • Pension plan • Adoption assistance • Tuition reimbursement • Employee Assistance Program (EAP) • Pet insurance • Financial and banking services benefits and financial planning assistance • Wellness initiatives • Flexible work arrangements • Volunteer service and charitable partnerships • Development programs and career development tools • Performance-based incentives

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