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.

Position Responsibilities:

Client Relations

Assist client through electronic filing processRespond to annual plan audit inquiries such as plan reconciliation, Fair Value determination and direct/indirect compensation inquiriesPerform Annual Compliance TestingCoordinate 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 proceduresAbility to communicate clearly to non-technical audiences on defined contribution compliance issuesComplete special projects as assigned in accordance with communicated expectations

Administration / Operations

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 penaltiesPerform 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 ContributionsPrepare Form 5330 for late contributionsComplete ERISA requests such as Projected Testing, Match Study, Auto Enroll Analysis, etc.Perform Average Benefit Testing, Benefits Rights and Feature Testing as neededMonitor 402(g) excessesProcess plan limit excesses

Required Qualifications

Bachelor’s degree in finance, business, or related fieldMinimum 4-5 years of related financial services industry experienceKnowledge 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 schedulesAbility to assess problems and appropriately apply technical knowledge to deliver accurate solutions for general compliance issuesAbility to prioritize, organize, and work on multiple issues simultaneouslyAttention to detail and accuracyMaintain high level of service excellence

When you join our team:

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.

About Manulife and John Hancock

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 https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

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 origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.

Primary Location

Boston, Massachusetts

Working Arrangement

Hybrid

Salary range is expected to be between

$71,550.00 USD - $119,250.00 USD

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency

Company: John Hancock Life Insurance Company (U.S.A.)