Profit Sharing Analyst FULLY REMOTE

Job Details

Job Location
Corporate Office - Boca Raton, FL

Remote Type
Fully Remote

Position Type
Full Time

Education Level
4 Year Degree

Job Category
Finance

Description

Slavic401k is an innovative leader in retirement services and a top provider of 401(k) plans to more than 12,000 employers and 250,000 employees across the U.S.

With over $8B in assets under management and growing, Slavic401k is one of the fastest growing 401(k) providers in the U.S.

Established over 35 years ago by current president and CEO John Slavic, Slavic401k specializes in multiple employer 401(k) plans and have built our business around providing a 401(k)-administration platform that is custom-tailored to the meet the unique needs of PEOs, associations and service bureaus.

Our participant-investors have entrusted us with a significant portion of their earnings a portion of their work and therefore a portion of their livelihood.

Our stewardship of that livelihood is something we don't take lightly, and that's why words like honesty, transparency, integrity & fairness are spoken regularly within our walls.

We're transforming the retirement savings industry and are looking to bring on talented professionals' diverse perspectives.

We foster a working environment that generates new ideas, promotes ownership and experimentation and encourages highly motivated individuals to be truly creative.

Slavic401k is proud to offer our associates an enriched benefit package including PTO and paid time off to serve within your community, health, dental, vision, life Insurance, short term disability, educational assistance, paid parental leave and 401k with a structured company match.

Whether you are starting your career or looking to advance in your profession, we encourage you to join our team of associates at Slavic401k.

Job Description


Job Title:
Profit Sharing Analyst


Department:
Plan Analytics


FLSA Status:

Exempt Job Status:

FT

Reports To:
Sr


Manager Positions Supervised:
n/a

Work Schedule:
Monday Friday with flexible working hours between 7:30a 6:30p


Assessments:
n/a

Position Summary

The Profit Sharing Analyst is primarily responsible for profit sharing and match calculations, projections, proposals for potential clients, match true-ups, retro safe harbor calculations, plan aggregation calculations & safe harbor cost comparisons.

As such, the Profit Sharing Analyst applies advanced retirement plan knowledge to develop plan designs, draft proposals, create cost comparisons, and provide client consultations.

Essential Functions
Provide expertise and consulting with the design, administration and communication of

annual employer profit sharing, matching, retro safe harbor, forfeiture and other employer contributions using data housed within company systems.

Collaborates closely with the plan analytics team to manage an assigned caseload of profit sharing projections/calculations, proposals, reports, and, if necessary, revisions.

With support, demonstrates strong project management skills to manage the assigned profit sharing caseload in a timely and efficient manner.

With minimal guidance, applies advanced retirement plan knowledge to prepare projections, perform calculations, and design cost comparisons including, but not limited to, cross-tested profiting sharing, matching, match true-ups, plan aggregation, and safe harbor.

Provides plan designs for clients using strategic plan analysis and cross testing applications. Applies advanced retirement plan knowledge to provide cost-effective plans that align with client goals.
Demonstrates a consultative approach toward plan designs with the client and focuses on client satisfaction, communication, and client retention.
Develops proposals for potential clients highlighting benefits, such as cost savings and tax advantages, of the plan design.
Occasionally, performs client consultations via video conference or over-the-phone.
During consultations, ensuring clients are fully informed of plan limits, rules, regulations, requirements, testing principles, etc.
Remains up-to-date on acceptable formulas used for calculating 401(k) profit sharing calculations.

With support, participate in small to medium sized projects centered on department initiatives to increase efficiencies, decrease cost and document changes in processes and procedures.

Provide training and guidance for Profit Sharing Coordinators and Junior Analysts
Perform additional duties as requested

Qualifications

Skills & Abilities
Strong communication skills, both written and verbal
Demonstrated knowledge of Microsoft Office (Word, Excel, Outlook and PowerPoint)
Excellent knowledge of ADP/ACP, 415, 410(b), Top Heavy and 401(a)(4) non-discrimination testing
Meticulous attention to detail
High level of critical thinking
Analytical mindset with excellent computation skills.
Ability to work under pressure and time deadlines
Ability to be innovative and seek out opportunities for operational efficiencies
Diligent follow-thru on core processes

Experience
2-3 years retirement plan industry experience.
3-5 years of client facing or customer support experience in the financial services industry.
1-3 years of advanced Microsoft Excel experience.

Education
Bachelors degree in business, accounting, finance or related field of study.
Or equivalent combination of education and experience.

Certificates & Licenses
ASPPA Retirement Plan Fundamentals (RPF) I within 6 months of hire
Completion of Slavic401k Compliance Certification course within 90-days of hiring with a final exam score of 70% or higher.

Work Environment
Extended sitting and computer work.
Virtual working environment.