IRA Compliance Specialist

Job Description

Job Overview

The IRA Compliance Specialist will be responsible for ensuring compliance with Internal Revenue Service (IRS) regulations and guidelines related to Individual Retirement Accounts (IRAs), specifically Checkbook-Controlled IRAs via LLC and Solo 401(k) Accounts. This position will play a critical role in maintaining accurate and compliant IRA operations, providing guidance to internal stakeholders, and staying updated on regulatory changes. This position requires a strong understanding of IRA rules, excellent analytical skills, and the ability to communicate effectively with both internal and external contributors.

Job Structure Details

• On-Site, Sioux Falls, SD (No remote option)
• Full Time, Monday-Friday, no nights or weekends
• Non-Exempt/Hourly

Benefits

• Health, Dental, Vision Insurance
• 401(k) Employer Contribution of 4%
• Paid Time Off, Volunteer and Birthday Time Off
• Parental Leave
• Catered lunch every Monday
• Monthly 15-minute massage

Responsibilities & Duties

• Provide expert guidance and support to clients and internal staff regarding IRA compliance, rules, regulations, and account-related inquiries via phone.

• Stay up to date with federal, state, and industry-specific IRA regulations to ensure proper compliance with all applicable laws and guidelines.

• Investigate and resolve IRA-related compliance issues, including but not limited to contribution limits, distributions, and rollovers.

• Stay informed about changes in IRS guidelines and other regulatory updates affecting IRA accounts and adjust procedures accordingly.

• Educate clients on IRA rules, eligibility, and tax implications to ensure their accounts are properly managed and compliant with regulations.

• Work closely with internal teams to ensure seamless experience for clients and support overall business objectives.

• Other tasks as assigned by management.

Qualifications & Requirements

• Bachelor’s degree in business, finance, accounting, or a related field (or equivalent work experience).

• Previous experience in financial services, particularly in IRA administration, IRA compliance, and other relevant compliance standards.

• Commitment to delivering exceptional customer service.

• Strong verbal and written communication skills.

• Excellent attention to detail and accuracy.

• Ability to prioritize tasks and manage time effectively.