What are the responsibilities and job description for the IRA Specialist position at Community Bank System, Inc.?
BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective investment trusts. We support 4,200 retirement plans, $110 billion in trust assets, $1.3 trillion in fund administration, and more than 510,000 participants. With our breadth of services, depth of creative talent, and financial resources, we are well-positioned to help our clients solve all their benefit plan challenges without the need to engage multiple providers. One company. One call.
Responsibilities
General Responsiblilities:
- Keep current of IRA rules, regulations and practices
- Handle/Monitor day-to-day IRA processes
- Customer Service
- Assist in tax reporting for all IRA accounts (5498, 1099-R)
- Assist with annual calculations and processing of RMDs for all IRA products
- Assist in keeping BPAS employees, including CSRs current on IRA products
- Respond that questions from Participants, Sponsors, Distributors, TPA's fellow employees
- Monitor IRA Trades Desk
- Ensure that TPA contribution files are processed timely
- Reconcile incoming funds from all sources
- Follow-up on remittance files submitted for which funds do not follow promptly
- Reviewing and processing Client/TPA Agreements
- Tranmit new client set up information to Conversions
- Review Plan set-up
- Set-up TPAs and other partnets in CensusPro
- Send Welcome Kits to new TPAs
- Review and process IRA Adoption Agreements and IRA Distrubution Requests
- Maintain client listing in database
- Monitor/Reconcile outstanding IRA funds
- Ensure timely processing of all IRA transactions (Contributions, withdrawls, conversions, transfers, ect.)
- Customer Service/Sales support. Serve as IRA subject matter expert for all customers, both internal and external
- Assist in Educational/informaton campaigns to accountholders, BPAS employees (especially CSRs), business partners, ect.
- Maintain proficent knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion
Qualifications
- Minimum of two year degree in accounting
- Appropriate mix of operational IRA, Daily Valuation, and/or Customer serivce experience
Other Job Information
Hours: 40 hours/week
Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
Salary : $110 - $0
