Brokerage IRA Operations Specialist

Truist; Richmond (VA); On-site; USD 51,000 - 65,000; Full time

Benefits offered by this job

Medical insurance

Paid time off

401k plan

Paid holidays

Job summary

Truist in Richmond, VA seeks an IRA Operations Specialist to handle IRA processing, distributions, rollovers and beneficiary requests, ensuring regulatory compliance and accurate tax reporting.

You will review and process new account applications, act on complex transactions like Roth conversions, and coordinate with front office to respond to client inquiries while staying current on IRA rules and regulations.

Qualifications

• Bachelor's degree or equivalent education, training and work-related experience.
• Provide high-quality client service.
• Ability to handle multiple assignments; work under pressure in a fast-paced environment.
• Attention to detail with emphasis on accuracy and quality.
• Strong organizational, verbal and written communication skills.
• Demonstrate proficiency in Microsoft Office software products.

Responsibilities

• IRA distribution processing to ensure proper documentation and tax reporting codes.
• IRA contribution processing to ensure IRS compliance and correct codes.
• IRA transfer and rollover processing with ACAT docs and external firms as needed.
• Deceased account processing with death certificates and beneficiary payout coordination.
• Complex IRA transactions including Roth conversions and 72(t) calculations.
• Review and process all new account applications and beneficiary change requests.
• Review Power of Attorney requests for IRA accounts and limitations for beneficiaries.
• Ensure tax reporting transaction codes are applied and correct documents updated.
• Assist front office and clients by researching and responding to inquiries.
• Remain knowledgeable about IRA rules and regulations.

Skills

Client service

Organizational skills

Verbal communication

Written communication

Education

Bachelor's degree or equivalent

Tools

Microsoft Office

Job description

Truist in Richmond, VA seeks an IRA Operations Specialist to handle IRA processing, distributions, rollovers and beneficiary requests, ensuring regulatory compliance and accurate tax reporting.

You will review and process new account applications, act on complex transactions like Roth conversions, and coordinate with front office to respond to client inquiries while staying current on IRA rules and regulations.