Compliance Analyst, Finance & Banking

As a Compliance Analyst you will perform a range of compliance tests for our defined contribution compliance clients and prepare the Form 5500 and related schedules for both Defined Benefit and Defined Contribution clients to ensure plans are following IRS qualification requirements.

Additional tasks may include responding to annual plan audit inquiries, preparing Form 5330’s and/or calculating Required Minimum Distributions.

This is a Hybrid work arrangement requiring you to be in office 3 days per week (Tues, Wed, Thurs) in either the Boston USA office or the Halifax/Toronto Canadian office locations.

• 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. 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

• Prepare Signature Ready Form 5500, Form 8955-SSA and Summary Annual Report (SAR)
• Timely and accurate completion of Annual Testing, Form 5500, Form 8955-SSA and plan corrections in accordance with IRS/DOL deadlines to avoid penalties
• 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)))
• 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

• Bachelor’s degree in finance, business, or related field
• Minimum 4-5 years of related financial services industry experience
• Knowledge of and experience with: 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))
• Knowledge of Form 5500 and related schedules
• Ability to assess problems and appropriately apply technical knowledge to deliver accurate solutions for general compliance issues
• Ability to prioritize, organize, and work on multiple issues simultaneously
• Attention to detail and accuracy
• Maintain high level of service excellence

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.

The role being advertised is an existing vacancy.

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit

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…