View All Jobs

---

Distribution-Loan Specialist

Daybright Financial

(Remote)

 COMPANY OVERVIEW

About Daybright Financial

Simply put, we are one of the nation’s largest independent, privately held firms specializing in employee benefits, retirement plans, and all their associated compliance needs. Since 2008, we have grown by acquiring over 60 local and national firms that have been trusted members of their communities for decades. We hold the coveted “Best Places to Work – USA,” certification and serve more than 22,000 employer groups and 3.6 million plan participants nationally.

Daybright Financial also operates a dedicated independent divisional team, Daybright Broker Solutions, to further enhance the services, support, and marketing resources to grow the businesses of benefits brokers and consultants and enable professional employer organizations (PEOs) to bring more to the table for their clients — through the seamless delivery of Fortune 500-level health and financial wellness solutions.

For more information on Daybright Financial, visit daybright.com. Follow Daybright on LinkedIn, Instagram, Facebook, and YouTube.

Daybright is currently seeking a Loan & Distribution Specialist to join our Private Sector Retirement Segment.  Be part of a team of thought leaders and seasoned benefits and retirement planning professionals.

JOB DESCRIPTION 

The Loan & Distribution Specialist will work with clients and retirement plan participants to prepare and process loans and distributions that are requested from employer-sponsored retirement plans. Individuals in this position are responsible for compiling and reviewing loan and distribution documents, determining participant eligibility for the requested loan and/or distribution as allowed under the specific retirement plan’s provisions and ensuring accordance with the Internal Revenue Service and Department of Labor regulations.

RESPONSIBILITIES

• Apply loan rules accurately and calculate eligible loan amounts in accordance with IRC 72(p) and plan-specific provisions
• Prepare and process loan packages, including promissory notes, amortization schedules, consents, and assignments
• Calculate participant benefit eligibility and distribution amounts based on plan requirements
• Develop knowledge of vendor-specific processes, requirements, and documentation
• Communicate with clients and participants regarding loan eligibility, requirements, and next steps
• Administer benefit distributions, including eligibility determinations for termination, in-service, hardship, death, and required minimum distributions
• Process distributions through various vendors and prepare distribution packages, including election forms, notices, and consents
• Calculate participant benefit amounts in accordance with plan-specific requirements
• Communicate with clients and participants regarding distribution eligibility, requirements, and next steps

JOB QUALIFICATIONS

• Prior knowledge/experience working with 401(k) Plan’s is desired
• Prior knowledge/experience processing 401(k) Plan distributions/loans is desired
• Two years of prior work experience in a professional environment with direct client facing interaction is required
• Bachelor’s Degree preferred
• Excellent customer service skills
• Strong attention to detail
• Highly-skilled in Microsoft Suite, including advanced functions in both Excel and Word
• Willing and able to follow directions and established procedures
• Able to read and interpret legal plan documents
• Able to apply regulations to various fact patterns
• Able to work efficiently and provide good turnaround times while adhering to multiple deadlines
• Able to work independently and within a team environment
• Bilingual (Spanish) a plus

Compensation: $41,000 - $55,000

Location: Remote

How to Apply

To apply, please email your resume to nrequena@daybright.com with Distribution-Loan Specialist in the subject line.

---

View All Jobs

---

Manage This Listing (employer only)