Retirement Plan Processor

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

Overview

BPAS is a national provider of retirement plan administration, employee benefit solutions, and fiduciary and trust services. For more than 50 years, we’ve redefined what it means to be a benefits partner. We combine deep expertise, transparent service, and a people‑first approach to make benefit plans easier, smarter, and more effective for everyone involved.

As a financially stable subsidiary of Community Financial Systems, Inc. (NYSE: CBU), we support 10,375 plans, $132 billion in trust assets, $1.3 trillion in fund administration, and more than 980,000 participants in partnership with advisors, trustees, and financial professionals across the nation. One partner. Smarter benefits. Better results.

Responsibilities

This position is responsible for processing various transactions for retirement plans, including trading responsibilities.

Essential Duties

• 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

Ancillary Duties

• As an integral member of the organization, this position is also responsible to provide assistance wherever necessary to help the department and the Company in achieving their goals.

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

Other Job Information

Hours

M-F 8:30-5:00

Compensation

Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including:

• 11 paid holidays
• paid vacation
• Medical
• Vision & Dental insurance
• 401K with generous match
• Pension
• Tuition Reimbursement
• Banking discounts
• and the list goes on!

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.

Equal Opportunity

The Company is an Affiantative Action, Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, citizenship status, age, disability, genetic information, veteran status, or any other characteristic protected by applicable federal, state or local law.

Accommodations

The Company will make reasonable accommodations for qualified individuals with a disability. If you have a physical or mental impairment and would like to request an accommodation with respect to the application process, please contact the Human Resources Department.

Minimum

USD $19.00/Hr.

Maximum

USD $25.60/Hr.