Retirement Plan Services Specialist | ERISA & Compliance

First Bank Trust; Brookings (SD); On-site; USD 25,000 - 41,000; Full time

Job summary

First Bank & Trust is seeking a professional to provide new business and existing client support to the Retirement Plan Services division of the Wealth Management Services Department. The role also offers administrative support for ERISA Relationship Managers and coordination of new client accounts.

The candidate should have an associate degree with four years of related experience, strong Excel/Word skills, and the ability to manage multiple tasks and deadlines independently while upholding

Qualifications

• Requires associate degree plus four years of related work experience or equivalent.
• Experience in a bank, wealth management group, trust company, law firm or brokerage preferred.
• Knowledge of ERISA plan and IRA documents; mutual funds; tax concepts; compliance testing and disclosures preferred.

Responsibilities

• Manage Retirement Plan Services account administration, sales activities and relationship management for smaller accounts.
• Prepare client correspondence to clients, attorneys, accountants and beneficiaries, communicating activity in their accounts.
• Coordinate opening of new client accounts and related paperwork; participate in client meetings as needed.
• Assist with Initial 60-day reviews and Annual Administrative and Investment reviews; read plan agreements.

Skills

Communication skills

Excel

Word

Independent decision-making

Education

Associate degree + 4 years experience

Tools

Jack Henry Streamline

Synergy imaging

Job description

First Bank & Trust is seeking a professional to provide new business and existing client support to the Retirement Plan Services division of the Wealth Management Services Department. The role also offers administrative support for ERISA Relationship Managers and coordination of new client accounts.

The candidate should have an associate degree with four years of related experience, strong Excel/Word skills, and the ability to manage multiple tasks and deadlines independently while upholding