IRA Transactions Specialist

Commerce Trust; Kansas City (MO); On-site; USD 45,000 - 51,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401(k)

Life insurance

Paid vacation

Paid personal time

Career development

Education assistance

Job summary

Commerce Trust is seeking an IRA Associate to assist Private Client Advisors with time-sensitive, high-risk IRA transactions and distributions. You will ensure accurate processing, compliance, and timely client service while coordinating with Private Client Administrators.

Based in Kansas City, MO, this full-time on-site role offers growth in wealth management and a collaborative team environment. The position emphasizes attention to detail and accuracy in all IRA-related activities.

Qualifications

• Bachelor’s degree in Finance or Accounting or equivalent
• 2+ years experience in finance or investment management preferred
• Knowledge of IRAs preferred
• Knowledge of Trust industry terminology preferred
• CISP preferred

Responsibilities

• Build and maintain relationships with Private Client Advisors and ensure timely, complete and accurate processing of IRA transactions.
• Deliver support and resolutions that meet goals of the advisors.
• Work closely with Private Client Administrators to facilitate all distributions related to the IRA product offering.
• Receive notification from Private Client Administrators along with information needed to facilitate IRA distributions; process normal and premature distributions, distributions due to death, internal transfer distributions, and transfers to an outside custodian.
• Process state and federal withholding; ensure all compliance requirements have been met and all processing and coding is complete, timely, and accurate.
• Ensure appropriate controls are in place for all processes related to the IRA product offering; identify accounts with clients reaching their required minimum distribution.
• Collaborate with Private Client Advisors to mail Required Minimum Distribution letters and review reports for accounts not meeting RMD; gather missing info like date of birth, date of death, beneficiaries.
• Work with team to assist/backup during high volumes or absence.
• Perform other duties as assigned.

Skills

IRA knowledge

Customer service

Problem solving

Attention to detail

Time management

Communication skills

Adaptability

MS Office

Education

Bachelor's degree in Finance or Accounting

CISP certification

Tools

Microsoft Word

Excel

Teams

Outlook

Job description

Commerce Trust is seeking an IRA Associate to assist Private Client Advisors with time-sensitive, high-risk IRA transactions and distributions. You will ensure accurate processing, compliance, and timely client service while coordinating with Private Client Administrators.

Based in Kansas City, MO, this full-time on-site role offers growth in wealth management and a collaborative team environment. The position emphasizes attention to detail and accuracy in all IRA-related activities.