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ESOP Manager

Newport

in Remote / AZ / CA / CO / FL / GA / IA / IL / KS / MA / MD / MI / MO / NJ / NY / OH / SC / TX / VA / WI

Logo for Newport

Who We Are

Newport helps companies offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced and responsive.

Job Summary: To provide client support with all aspects of engagement to include review of administration, related testing, government forms preparation and consulting for highly complex ESOP Clients. May also provide technical training.

Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

  • Review allocations and testing related to ESOP book of business.
  • Client relationship manager on book of business.
  • Review legal plan document and provide guidance to plan sponsors.
  • Coordinate plan distribution process including schedules, forms and summarization of distribution directives. 
  • Coordinates year end processing issues, plan financials and share release calculations as well as assistance with client calls/communications.
  • Leads process improvement projects deemed necessary after annual review of internal procedures, incorporating any upcoming tax law updates
  • Consult on, recommend and implement resolutions to client issues, satisfaction, response and any other items necessary to assure customer loyalty.
  • Maintain current awareness and understanding of legislative changes, IRS rulings, and expert opinions related to the processing of retirement plans.
  • Research new issues to determine their impact on plan qualification status
  • Assist in training of new processes

Management Responsibilities (none)

Required Education, Experience and Certificates, Licenses, Registrations

  • Bachelor’s degree in business related filed or combination of education and industry experience
  • Minimum of 5-7 years of ESOP experience in third party administration environment including experience in preparing, reviewing and explaining qualified plan compliance testing and government forms filing
  • Advanced level of Excel
  • Proven ability to utilize technical skills and available tools to solve compliance issues.
  • Advanced knowledge of retirement plan tax law (ERISA) including Revenue Code sections 401, 401(a)(4), 416, 414(b), (c), (m), (n), 401(a)(28), 409(n), 409(p) as well as others.
  • Should also have a very strong mathematical aptitude, specifically detailed financial reconciliation and data analysis.
  • Strong interpersonal and communication skills.

Preferred (but not required) education or skills for this role are

  • ASPPA or CEBS preferred
  • Experience in Relius a plus

Competencies

  • Independent
  • Diplomatic
  • Creative Problem Solver
  • Integrity
  • Analytical Thinker
  • Resourceful
  • Team Player
  • Sound Judgment
  • Collaboration
  • Results Driven
  • Personal Credibility
  • Attention to Detail
  • Organization and Planning
  • Time Management
  • Written and Oral Communication

TRAVEL: Up to 5%.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

EQUAL OPPORTUNITY EMPLOYER

Newport offers for employment are conditioned upon satisfactory completion of our employment screening process (including, but not limited to, a review of past employment and education records, background investigation, and/or credit check and fingerprints.)

Newport unequivocally rejects racism and discrimination of any kind and fosters an environment of belonging to provide access and opportunity for all.  As an Equal Opportunity Employer we do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identify, gender expression, national origin, age, non-disqualifying physical or mental disability, veteran status, or any other basis covered by applicable law. All employment is decided on the basis of qualifications, merit, and business need.

How to Apply

Apply Now


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