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Retirement and ESOP Account Administrator

Alerus Financial

in Albert Lea MN / Arden Hills MN / East Lansing MI / Troy MI / Bedford NH

Our growing organization is seeking talented professionals who are in search of a challenging and rewarding work environment! We are currently hiring a Retirement Account Administrator II  to help foster a cohesive service team by directing workflow, supporting strong communication and displaying good judgment and leadership to ensure the proper administration of all plans. Responsible for client service, compliance and Form 5500 reporting of an assigned group of retirement plans, typically 60-70 plans. Plan assignment may include employee stock ownership plans (ESOP).

Essential Responsibilities would include:

JOB FUNCTION NUMBER 1: Client Service – 40%

  • Proactively manage assigned client relationships to achieve or exceed client service satisfaction and ARB retention standards.
  • Develop and maintain positive working relationships and open lines of communication with internal and external clients.
  • Keep Manager / Supervisor informed of sensitive issues and proactively work with Retirement Relationship Manager or Retirement Specialist (RRM/RS) to retain key clients and assets.
  • Involve Manager/Supervisor as needed to resolve technical, service, and compliance issues to ensure client satisfaction without jeopardizing regulatory requirements and service standards.
  • Assist in client feedback efforts and work with RRM/RS to identify and resolve service issues as well as meet long-term client needs.
  • Meet service standards. Proactively notify Manager/Supervisor and client (as appropriate) if standards will not be met.
  • Timely response to internal and external inquiries.

JOB FUNCTION NUMBER 2: Compliance and Form 5500 Reporting- 40%

  • Monitor receipt of client’s census information to prioritize completion of compliance tests and/or Form 5500 reporting for an assigned set of plans.
  • Understand and interpret plan document and contract provisions and apply experience and judgment to situational problem resolution. Work with Manager/Supervisor and/or RRM if needed.
  • If assigned ESOP plans, possess the necessary skills to administer ESOPs which includes an understanding of the valuation process, updating participant records and delivery of the year-end annual valuation report and participant statements.
  • Possess the necessary skills to independently administer a percentage of more complex defined contribution plans.
  • Ensure that appropriate compliance tests are accurate and completed within standards.
  • Ensure Form 5500 and Summary Annual Report is accurate and completed within standards.
  • Identify changes/amendments needed to documents due to client requests.

JOB FUNCTION NUMBER 3: Leadership and Engagement – 20%

  • Actively engage in the success of ARB and Alerus, promoting and supporting new and ongoing initiatives with positive active team involvement resulting in a successful outcome.
  • Participate in projects to improve the products and services offered by ARS, including project groups tasked with developing enhanced procedures or policies.
  • Begin to work independently and request that the Manager/Supervisor review work as needed.
  • Provide direction to analysts and less experienced account administrators.
  • Assist in problem resolution as well as developing technical skills of others.
  • Participate in meetings for the company, department and administration unit.
  • Treat all co-workers with professionalism.
  • Support and promote communication within the service team through direct communication, Client Gateway and other available tools as needed in order to build strong internal relationships.
  • Actively supports the use of Client Gateway by documenting pertinent conversations and emails with clients and others as applicable.
  • Recognize and celebrate individual/team accomplishments.

Alerus offers a challenging and rewarding work environment as well as competitive compensation and a comprehensive benefits package which includes health, dental, vision, paid time off & holidays, retirement benefits, and more!

Alerus is a customer-driven financial services company unlike any other. We are an independent, multibillion-dollar financial services organization serving customers across the country and around the world. We offer a broad array of banking and wealth management products and services. Our knowledgeable staff assists our customers in identifying and attaining their financial goals.

Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

How to Apply

For more information regarding the responsibilities and qualifications for this opportunity or to apply, visit our website at www.alerus.com/about-us/careers/employment. Go to “View Jobs” and then select the position titled “Retirement Account Administrator II”.   Refer to ID 17-0136 when applying.

We look forward to reviewing your application and thank you for your interest in Alerus Financial!

Visit our web site.


This ad has been viewed 623 times. It expires on 1/14/2018.

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