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About the Role

The Compliance Specialist III is responsible for preparing complex compliance and government filings, ensuring accuracy and quality within company service standards and department procedures. This role also involves reviewing filings prepared by other team members and mentoring junior staff.

Responsibilities

• Prepare compliance tests and year-end packages, including eligibility requirements, participant determination, contribution calculations, and various non-discrimination tests.
• Prepare, review, and publish regulatory forms such as Form 5500, Form 5330, and Form 8955-SSA.
• Reconcile and prepare Form 5500 and applicable schedules for large filer plans.
• Assist Plan Consultants in answering auditor questions.
• Maintain knowledge of moderate complexity plans (e.g., dual eligibility, integrated profit sharing, 403(b), MEP, PEP).
• Develop knowledge of more complex plans (e.g., cross-tested profit sharing, balance forward valuations, defined benefit and cash balance combo plans).
• Research and resolve testing and Form 5500 issues, collaborating with other departments as needed.
• Assist and mentor other team members with complex issues.
• Work with Managers to develop processes and implement best practices.
• Prepare asset reconciliation and research differences for plan valuation, testing, and reporting.
• 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

• Associates 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 documents such as retirement adoption agreements, program manuals, and government instructions and guidance.
• Ability to write reports and emails/correspondence.
• Ability to work effectively with employees across the company.
• Advanced math skills including the ability to apply concepts such as fractions, percentages, and ratios.
• Experience with Microsoft programs including Excel and Word.
• Ability to work independently and balance multiple tasks.
• Applicants must be authorized to work for any employer in the U.S.
• Unable to sponsor or assume sponsorship of an employment Visa at this time.

Skills

• Microsoft Excel
• Microsoft Word
• Compliance testing
• Government filings
• Plan document preparation
• Asset reconciliation
• QDRO allocations
• Mentoring
• Communication

Experience Level

• 5+ years related experience

Education Level

• Associates degree

Salary/Compensations

• $65,654.00 - $96,282.00

Benefits

• Generous Paid Time Off (at least 22 days annually)
• Six weeks of paid Parental Leave at 100% salary
• Comprehensive Medical Coverage
• Employer contributions to HSA for High Deductible Health Plan participants
• Dental and Vision Coverage
• Flexible Spending Accounts (healthcare and dependent care)
• Employer-Paid Short-term and Long-term Disability Coverage
• Option to purchase additional long-term disability coverage
• Employer-paid basic Life Insurance
• Option to purchase supplemental Life Insurance
• Voluntary Benefits (hospital, accident, critical illness)
• 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
• Paid Sick and Safe Leave

About the Company

• At NBT we empower people to grow, innovate, and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community – because your success drives our success.
• NBT values and supports your wellbeing by offering generous time-off policies, wellness initiatives and flexible work arrangements.
• NBT believes community involvement fosters our success and the success of those around us.
• NBT believes in creating a workplace where every voice matters and every team member feels empowered to contribute.
• NBT provides a wide variety of development programs and tools for you to reach your full potential.
• NBT recognizes and rewards your contributions with competitive compensation, comprehensive benefits and performance-based incentives.
• NBT has built a reputation as a stable financial institution by growing our people and our business, evolving our processes and managing risk for over 165 years.