IRA Administrator

Job Overview

The IRA Administrator is responsible for administering individual retirement accounts (IRA's), performing special handling on decedent retirement accounts and monitoring required minimum distribution requirements, ensuring compliance with IRS regulations, while providing excellent customer service. The IRA Administrator is responsible for implementing ISA Regulations and guidance on these regulations for branch personnel.

Job Description

Responsibilities include but are not limited to:

• Open, maintain, and close IRA accounts for clients, following IRS rules and procedures, including handling decedents accounts and calculating Required Mandatory Distributions.
• Process IRA contributions, distributions, rollovers, transfers, and conversions.
• Assist Enterprise Reporting manager with the preparation and filing of the applicable IRS tax forms and reports, such as Form 5498 and Form 1099-R.
• Answer client inquiries and provide information on IRA rules.
• Stay updated on IRA regulations, policies, and best practices, and attend training sessions as required. Provides guidance on regulations to branch personnel.
• Assist with various projects as needed.

Requirements

Required Skills:

• Knowledge of IRA rules, regulations, and products, such as traditional, Roth, SEP, and SIMPLE IRAs.
• Intermediate knowledge of Microsoft Office applications (i.e., Word, Excel, and Outlook).
• Excellent verbal and written communication skills.
• Ability to prioritize and organize assignments.
• Ability to work independently and as part of a team.
• Ability to handle multiple tasks and prioritize deadlines.

Required Experience:

• High School Diploma or GED.
• Minimum of 3 years of financial services experience with one year of experience in IRA administration.

Preferred Experience:

• Associate's or Bachelor's degree in accounting, finance or related field.