Retirement Account Management Specialist

2 weeks ago


Walnut Creek, California, United States Mechanics Bank Full time

Mechanics Bank is seeking a Retirement Account Management Specialist . We prioritize connection, collaboration, and fostering long-term relationships within our organization. This position will operate on-site, ensuring effective communication and teamwork.

The selected candidate will oversee the management of various small to medium-sized retirement accounts, including 401(k), Defined Benefit, and IRA accounts. Collaboration with Plan Administrators, Actuaries, Plan Consultants, and Legal Counsel will be essential. Additionally, the role includes some responsibilities in Business Development.

Key Responsibilities:

Setting up and terminating accounts; managing contributions and distributions; executing asset purchases and sales; producing trust accounting statements; handling IRS reporting; processing fee payments; and administering participant loans. Complying with minimum distribution requirements policies and procedures. Ensuring the accuracy of all IRS reporting documents for tax purposes. Managing the client review process as the designated relationship manager, enhancing the client experience. Acting as a primary contact for plan sponsors, actuaries, attorneys, clients, and vendors. Identifying and introducing potential business clients to our retirement services tailored for small businesses. Assisting plan retirees and term-vested participants with their benefit options.

Qualifications:

An Associate's Degree is highly preferred, though equivalent experience will be considered. A minimum of 3 years of relevant experience in a financial institution is required. Charter Retirement Specialist (CRPS) designation or equivalent is preferred. IRA Specialist certification (CISP) is desirable. Experience in Customer Service is preferred.

Compensation:

Pay Range: $25-36 hourly, with the final compensation package determined by the applicant's work experience, education, and skill level, alongside internal equity and geographic market data.

Mechanics Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or disability, as well as gender identity and other bases prohibited by applicable law.



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