How to Become an IRA Specialist
Step 1: Understand the job description and responsibilities of an IRA Specialist
What does an IRA Specialist do?
AN IRA Specialist develops IRA rate sheets and prepares transfers, distributions, rollovers, conversions, death claims, and closures in accordance with government regulations and bank policies. Maintains retirement records and is responsible for current and proper financial statements and reports. Being an IRA Specialist utilizes database or system to process transactions and retrieve information. May require a bachelor's degree. Additionally, IRA Specialist typically reports to a supervisor or manager. The IRA Specialist works on projects/matters of limited complexity in a support role. Work is closely managed. To be an IRA Specialist typically requires 0-2 years of related experience.
This level of certification is geared for those who are new to IRAs, back up the IRA specialist, or want an IRA basics refresher.
Earning this certification demonstrates proficiency in completing basic IRA transactions.
Traditional and Roth IRA topics you will be tested on include opening an IRA, contribution rules and deadlines, distribution rules, federal tax withholding, and basic IRA reporting.
This blended approach gives you the flexibility to build skills for your IRA success today, and into the future, without the travel expense.
Earn the Certified IRA Specialist II (CIS II) Designation.
Step 2: Learn best tips to become an IRA Specialist
Best tips for those who want to become an IRA Specialist
Here are some tips to become an IRA Specialist.
Step 3: View best colleges and universities for IRA Specialist
Best colleges and universities for IRA Specialist
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be an IRA Specialist
Is being an IRA Specialist Worth it?
Traditional and Roth IRA topics you will be tested on include opening an IRA, contribution rules and deadlines, distribution rules, federal tax withholding, and basic IRA reporting.
This blended approach gives you the flexibility to build skills for your IRA success today, and into the future, without the travel expense.
Earning this certification shows expertise in a broad range of IRA transactions, including excess contributions, recharacterizations, rollovers and transfers, required minimum distributions, and conversions.
To ensure adequate preparation for the Certified IRA Specialist II (CIS II) exam, it is highly recommended you meet the following.
Never-before-seen documents, hand-written correspondence, photographs and stories feature in an exhibition that reveals the struggle between the IRA and British forces in a border county.
Step 5: Prepare relevant skills for being an IRA Specialist
What skills do you need to be an IRA Specialist?
Management often looks to professional level roles for execution on their visions and goals, as such some specific skills are required. The workload of this role requires knowledge of: Customer Service, Inquiry Research/Response, New Account Openings, Payment Processing. Sometimes for this role, knowledge of the following is helpful: Banking Software. If you highlight these skills during your interview process, you will be more likely to land the job!
Earning this certification demonstrates proficiency in completing basic IRA transactions.
Have a minimum of one year of IRA compliance or operations experience.
This blended approach gives you the flexibility to build skills for your IRA success today, and into the future, without the travel expense.
This level of certification is geared for those with a solid IRA knowledge base who want to expand their skills or get up to speed on regulatory information.
Earning this certification shows expertise in a broad range of IRA transactions, including excess contributions, recharacterizations, rollovers and transfers, required minimum distributions, and conversions.
Step 6: View average salary for IRA Specialist
How much does an IRA Specialist make?
The average salary range for an IRA Specialist is from $48,410 to $60,963. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for IRA Specialist jobs
Step 7: Find relevant IRA Specialist jobs, and apply.
Looking for IRA Specialist jobs?
Here are some IRA Specialist jobs in the United States.