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Senior Distribution Specialist

Security Administrators, Inc.

in Remote / Binghamton NY / Hybrid

As a Senior Distribution Specialist, you will be responsible for the processing and validation of participant distributions from Defined Contribution qualified plans, as well as review of additional distributions processed by team members. You will also be responsible for the recordkeeper interactivity and best practices, election form maintenance, and assisting with onboarding and training.

This is a Telecommute Eligible position.  

The level for this position will be determined based on factors including relevant skills, experience and other qualifications.

Description of Duties & Responsibilities:

• Complete and process loans, in-service, hardship, and termination forms to ensure that the participant is eligible for the distribution based on the plan document. Compile appropriate documents and communicate with reinsurers.
• Complete software tracking of distributions and follow up on any incomplete distributions.
• Report on the progress of all requests and provide updates when requested to other team members, participants, plan sponsors and financial advisors.
• Provide support to the Plan Consultants.
• Check participant vesting calculations against a Plan Document and hour history.  Verify vesting and distribution permissibility of distributions processed by team members.
• Occasionally explain and discuss the mechanics of the distribution process with individual participants and plan sponsors in qualified plans.
• Handle more complex processing issues, provide processing support and assist with training.
• Responsible for best practice guidance regarding individual recordkeeper requirements for distributions.
• Provide guidance and feedback on distribution processes and procedures to management.
• Create and maintain brokerage election form templates.
• Create and deliver annual 1099 batches to affected participants and plan sponsors.
• Other duties and responsibilities as needed by management.

Required Skills & Experience:

• 2 – 5 years of related experience is required.
• Recordkeeper Website Navigation knowledge is required.
• Knowledge of pension software or PensionPro preferred.
• RPF Course required to be completed during onboarding.
• QKA (ASPPA) credentials preferred.
• Strong analytic and decision-making skills.
• Basic proficiency with Microsoft Word and Excel required.
• Strong written and verbal communication skills.
• Ability to think analytically and critically.
• Ability to handle multiple priorities simultaneously.
• Ability to pay close attention to detail.
• Ability to prioritize and organize a heavy workload.
• Ability to adapt to change and work under pressure.
• Ability to learn quickly and take on increasing responsibility.
• Ability to prioritize and organize a heavy workload.
• Ability to work a flexible schedule with occasional overtime.
• Must demonstrate a “can-do” attitude by taking initiative, being enthusiastic, flexible and dependable.

Education Required: Associate degree in a related field is strongly preferred.

Visa sponsorship is not available for this position

Relocation assistance is not available for this position

Security Mutual is an Equal Opportunity Employer

This position can or will be performed in the State of New York, not including the City of New York

About SAI:

Security Administrators, Inc. (SAI) was established in 1984 to provide third-party administrative and actuarial services to businesses of all types. Our clients range in size and diversity from individuals and professional service corporations to universities and manufacturing companies.

Rather than relying on mass-marketed or inflexible bundled plans, SAI designs and administers each plan individually, based on the needs of the individual client.  We believe that your retirement plan should be customized to suit your goals, and not the other way around.

We have a highly trained and knowledgeable staff of employees including actuaries and credentialled pension analysts. We have the flexibility and a wealth of experience that allows us to handle complex plans for individuals or larger companies. Most of our professional staff has more than 20 years of service.

About SML:

Security Mutual Life is a leading provider of life insurance, accumulation products and retirement-, business- and estate-planning services for individuals, families and businesses. Our innovative products help our clients meet their financial protection needs. Headquartered in Binghamton, New York, the Company was founded in 1886 and is recognized for its longstanding history of financial strength and stability.

We continually invest in technology. Our agents and employees are equipped with the latest tools and deliver outstanding service to our hundreds of thousands of policyholders throughout the United States.

We are committed to our neighbors and communities. Security Mutual and its employees help support a wide variety of community and charitable initiatives and organizations through our donations and service.

At Security Mutual our employees are among the Company’s most valued assets. We offer competitive salary and benefits and our work environment reflects the Company’s core values of trust, respect and integrity.

Federal & State Labor Law Posters: https://www.jjkeller.com/learn/SHRMPDF

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