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Distribution Coordinator

Employer
Community Bank System, Inc.
Location
Syracuse, USA
Salary
Competitive
Closing date
Jul 31, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview

Benefit Plans Administrative Services (BPAS) is a leading provider of employee benefits administration, trust services, collective investment fund administration and actuarial consulting services to customers on a national scale. We support 4,200 retirement plans, $115 billion in trust assets, $1.3 trillion in fund administration, and more than 810,000 participants. With our breadth of services, depth of creative talent, and financial resources, we are well-positioned to help our clients solve all their benefit plan challenges without the need to engage multiple providers. One company. One call.

Responsibilities

Responsible for all functions relating to qualified retirement plan participant distributions including preparing and mailing distribution packages to participants, assisting participants in the completion of the forms, distribution billing, specific tax reporting requirements and follow-up with clients and/or participants where necessary.

  • Prepare specific distribution packages for participants based on requests submitted by administrators.
  • Prepare and submit annual tax reporting requirements (1099R, 945, etc.).
  • Assist participants in completion of distribution forms where appropriate.
  • Track distributions and follow up with client/participant/administrator/vendor where needed.
  • Maintain knowledge of industry rules and regulations with regard to notice requirements and timeliness issues.
  • Process Federal withholding payments where necessary.
  • Deposit IRS withholdings for applicable distributions
  • Reconcile IRS withholding bank account.
  • Track distribution billing and submit information for processing.
  • Any other duties specific to participant distributions as may be assigned.

Qualifications

Education:

  • High School Diploma or equivalent required
  • College Degree preferred

Experience/Skills:
  • Working knowledge of Microsoft Office Suite and understanding of related computer applications
  • Strong organizational skills with an attention to detail
  • Strong interpersonal skills
  • Excellent oral and written communication skills requiring attention to detail
  • Ability to work independently or as part of a team
  • Working knowledge or prior experience in the pension field preferred
  • All applicants must be 18 years of age or older

Other Job Information

Hours: 40 hours/week

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.

The Company is an Affirmative 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.

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.

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