Retirement Plan Processing Specialist

Community Bank, N.A.; City of Utica (NY); On-site; USD 2,617,000 - 3,527,000; Full time

Benefits offered by this job

11 paid holidays

Paid vacation

Medical

Vision & Dental insurance

401K with generous match

Pension

Tuition Reimbursement

Banking discounts

Job summary

BPAS, a national provider of retirement plan administration and fiduciary services, seeks a processor to manage retirement plan transactions in the OMNI system. The role requires attention to accuracy, timely processing, and ongoing compliance with regulatory requirements.

You will rotate through contributions, enrollments, distributions, and trust accounting, while pursuing ASPPA certifications and contributing to departmental projects as needed.

Qualifications

• Two year degree in Accounting or related field required.
• Minimum of 1 year Accounting, Payroll, or applicable office experience.
• Ability to be highly organized and show an attention to detail.
• Well-developed written and oral communication skills.
• Ability to prioritize work assignments and multitask.
• Display an intermediate level competency with Microsoft Word and Excel, as well as personal computer skills.
• All applicants must be 18 years of age or older.

Responsibilities

• Create and review various retirement plan transactions in the OMNI recordkeeping system.
• Troubleshoot transaction rejects.
• Review trial postings of transactions prepared by other OMNI processors.
• Rotate through various responsibilities in the OMNI Processing Unit (contributions, enrollments, distributions/loans, dividend posting, trust accounting).
• Nightly Trading.
• Ensure timely processing of transactions.
• Completion of ASPPA’s Retirement Plan Fundamentals courses (RPR).
• Assist with various operational projects as deemed necessary by supervisor/manager.
• Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner.

Skills

Attention to detail

Multitasking

Written and verbal communication

Education

Associate degree in Accounting or related field

Tools

OMNI recordkeeping system

Microsoft Word

Microsoft Excel

Job description

BPAS, a national provider of retirement plan administration and fiduciary services, seeks a processor to manage retirement plan transactions in the OMNI system. The role requires attention to accuracy, timely processing, and ongoing compliance with regulatory requirements.

You will rotate through contributions, enrollments, distributions, and trust accounting, while pursuing ASPPA certifications and contributing to departmental projects as needed.