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Retirement Account Administrator, Sr.
in Arden Hills MN / Bedford NH / East Lansing MI / Troy MI / Albert Lea MN
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 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 consisting of more
complex plans, typically 60-70 plans. Plan assignment may include employee stock ownership plans (ESOP). Is regarded as a technical expert and is a resource to the department for research and resolution of complex issues and regulatory changes.
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 any 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
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
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 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.
Instruct and provide guidance to co-workers on a variety of compliance issues and situations.
JOB FUNCTION NUMBER 3: Leadership and Engagement –
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.
Work independently and request that the Manager/Supervisor review work as needed.
Provide guidance and training to less experienced
Assist in problem resolution as well as developing technical skills of others.
Participate in meetings for the company, department and administration unit.
Demonstrate leadership qualities on a consistent
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
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.
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.