Jr. Operations Specialist - IRA (Troy, MI)

Oppenheimer & Co Inc; Troy (MI); On-site; USD 40,000 - 55,000; Full time

Job summary

Oppenheimer & Co. Inc. in Troy, MI invites applications for a Jr. Operations Specialist (IRA). This entry-level role supports our Operations team in handling retirement plan processes in a fast-paced environment.

The successful candidate will work independently, apply knowledge of IRAs, and learn FINET systems while contributing to daily processing and ad hoc projects to support our client services.

Qualifications

• Experience in a corporate environment, ideally within financial services.
• Knowledge of IRAs/Retirement Plans.
• Basic arithmetic skills.
• Excellent verbal and written communication skills.

Responsibilities

• Manage IRA activities: contributions, transfers, rollovers, conversions, journals, distributions.
• Handle qualified retirement plans: contributions, distributions, loans, terminations.
• Navigate the FINET system relevant to the department.
• Process death claims.
• Participate in ad hoc projects.

Job description

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Jr. Operations Specialist - IRA (Troy, MI)

Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.

Job Description

Oppenheimer & Co. Inc. is seeking an entry level Jr. Operations Specialist (IRA) to join our Operations team in Troy, Michigan. The ideal candidate must be able to work in a fast-paced environment, work independently.

Responsibilities:

• Utilize knowledge and apply it to individual retirement plans (i.e. account contributions, transfers, rollovers, conversions, journals, recharacterization and distributions.)
• Utilize knowledge and apply it as it relates to qualified retirement plans (i.e. contributions, distributions, third party distributions, loans and terminating plans)
• Navigate and understand the FINET system relevant to the department
• Processing Death Claims
• Participate in Ad hoc project work assigned

Qualifications:

• Experience in a corporate environment, ideally within financial services industry preferred
• Knowledge of IRAs/Retirement Plans preferred
• Basic Arithmetic skills
• Able to interface and articulate well with all levels of employees and management in a professional, timely and friendly manner
• Excellent verbal and written communication skills are a necessity