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Regulatory Support Consultant

Job FamilyCompliance - General
Job Description SummaryEnsure compliance with statutory and regulatory guidelines for ERISA, Internal Revenue Code and other guidance requirements for qualified plans, Section 403(b) plans, 457 plans, multiple employer plans, corporate non-qualified plans, IRAs, Section 72 Annuities and Transamerica policies and procedures. Work with clients, client's counsel, consultants, agents, brokers and TPAs to identify and resolve plan compliance and fiduciary issues (e.g. qualification defects addressed under the IRS' EPCRS and DOL VFCP programs). Propose and implement best practices for ERISA-compliance plan administration. Advise internal administration teams about impact of new developments and support the development of new products, services and processes. Provide proactive risk management and contribute to the ongoing training of staff on retirement plan regulatory matters.Job Description
Responsibilities
Research and analyze regulatory guidance from the IRS, DOL, SEC and other applicable agencies, along with new pension legislation.
Review and prepare plan analysis for new and existing clients, including issue identification, consulting on issue resolution, best practices and preparation of client communications, plan forms, and participant communications.
Provide regulatory consulting services to Regional Offices (Client Executives and Sales staff), help desks, operational areas and the management team. Draft regulatory in-house communications and assist with projects and internal meetings, such as support for Plan Services, Plan Consultants, Compliance Testing, Reporting/Disclosure Unit, Retirement Consulting group and Client Integration team.
Provide plan design support and assistance related to Transamerica's prototype, volume submitter and individually designed plan documents, both internally and externally.
Provide primary consulting and coordination role for IRS EPCRS voluntary compliance submissions for clients and their counsel; interact with the IRS as necessary.
Provide assistance to the Regulatory Support group as appropriate, and participate in formulation of department strategy.
Assist in new product development.
Assist in the development and delivery of regulatory training programs for Transamerica employees.
Maintain a high level awareness of ongoing developments in the pension industry.
Assist in special regulatory projects.
Provide regulatory risk management internally and externally.
Qualifications
Bachelor's degree in a business-related field or equivalent experience.
Six years of retirement industry experience in legal, compliance or a similar setting.
Thorough knowledge of legal requirements for qualified plans, section 403(b) plans, Section 457 plans, multiple employer plans, corporate non-qualified plans, IRA and Section 72 annuities and ERISA.
Research and analytical skills to interpret IRS and DOL regulations and pension legislation.
Communication skills (verbal, written, listening) to influence others and convey complex, regulatory legal rules and requirements in layman terms.
Problem resolution skills, with an emphasis on analysis, formulation and documentation of recommendations; ability to develop alternative solutions to complex situations.
Organization/time management skills to handle multiple projects simultaneously.
Preferred Qualifications
J.D. degree.
Retirement plan certification (e.g. ASPPA, CPC, ERPA, CEBS).
Working Conditions
Office environment.
Why Work for Us
Total Rewards at Transamerica: It's more than a paycheck.
Our comprehensive Total Rewards package is designed to help support you in many ways ? throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind? to help you live your best life, grow personally and professionally - and feel valued for the work you do.
Learn more about our Total Rewards Package.
Equal Opportunity Employer:
Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.
Ontario Applicants:
Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA"). Please contact applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.
Technical Assistance:
If you experience technical problems during the application process, please email applicantsupport@transamerica.com.

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