Retirement Administration Specialist

Job title: Retirement Administration Specialist

Company: The Washington Trust Company

Job description: Washington Trust is a special place because of our people. We believe employees who are valued, recognized, rewarded and empowered will achieve personal and professional goals. We hire the best people in the business and are always looking for professionals who will uphold our core values of quality, integrity and community.

We are seeking a Retirement Administration Specialist to support our Deposit Operations team located in Westerly, RI. This position is responsible for performing IRA Account administrative functions. We require an advanced level of Traditional, Roth, SEP and Coverdell IRA knowledge in order to provide accurate and current information to our customers and staff.

Responsibilities:

• Responsible for reviewing IRA reports and processing IRA transactions and death claims in a timely manner.
• Verify and, as necessary, correct documentation and/or transaction processing performed by Bank employees to ensure accuracy and adherence to regulatory guidelines.
• Provide support to Bank employees and customers with Retirement account questions.
• Prepare IRS required notifications.
• Prove IRS tax forms 1099R and 5498.
• Perform and document regulatory follow-up on Inherited IRAs and Required Minimum Distributions.
• Performs testing for Core Banking System upgrades.
• Collecting data for management reporting.
• Assist with the maintenance of IRA related procedures and controls.
• Assist with internal IRA related training.
• Assist with coordinating internal and external Audits.
• Prepare documentation and retain documents into image archive system.
• Stay current with regulations, compliance guidelines and industry trends that impact IRAs

Requirements:

• High school diploma or GED (additional college level coursework preferred)
• Previous experience with and/or thorough IRA knowledge.
• Knowledge and experience with Microsoft Office.
• Possess strong self-management, organizational, technical, analytical, and problem-solving skills.
• Possess good organizational skills with the ability to multitask and adjust priorities while working with exacting deadlines.
• Professional communication skills, verbal and written, with ability to communicate well with customers, co-workers and vendors associated with the bank.

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to cultivating and promoting a diverse and inclusive workforce. We seek to provide an environment of equal employment opportunity and advancement to all employees and applicants. It is our policy to provide equal employment and advancement opportunities without regard to race, color, ethnicity, age, religion, gender, pregnancy/childbirth, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, or any other category protected by federal, state and/or local laws. to view “EEO is the law poster”. For additional information, please for EEO supplement poster.

Other details

• Job Family Entry Clerical
• Job Function Clerical/Other
• Pay Type Salary

• Operations Center, 2 Crosswinds Rd., Westerly, Rhode Island, United States of America

Expected salary:

Location: Westerly, RI

Job date: Mon, 22 Feb 2021 06:28:32 GMT

Apply for the job now!

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