Processing Specialist

Job Summary

The Processing Specialist formats and loads payroll and withholding information to post into participant accounts utilizing the pricing services to collect prices, dividends and other corporate actions. The Processing Specialist works closely with other departments to help cross check participants’ accounts for accuracy and timely reporting.

Essential Functions

• Confirms participant vesting and vested account balances
• Verifies documentation and information for all distributions and posts distributions into system; updates participant personal and election data as needed
• Manages plan features and database rules to ensure 409a compliance
• Communicates with the internal client service team or relationship contacts to identify and prioritize issues that need immediate attention
• Adjusts file layouts to the correct format for processing; manages and processes scheduled withdrawal requests
• Provides assistance to management and departmental teams for all projects as needed
• Captures details, creates records, and follows up on replies relating to special projects as directed
• Aids in streamlining processes

Management Responsibilities

(none)

Required Education, Experience and Certificates, Licenses, Registrations

• High school education
• Must be able to work a 7am - 4pm shift at least one day of the week

PREFERRED (BUT NOT REQUIRED) EDUCATION OR SKILLS FOR THIS ROLE

• Bachelor’s degree (B. A.) in economics, accounting or finance from a four-year College or university, or related work experience
• Intermediate Excel, Word, and Access skills

Competencies

• Analytical Problem Solver
• Project Management
• Research Skills
• Leadership
• Planning and Organization Skills
• Written and Verbal Communication skills
• Judgment
• Critical Thinking
• Independent Team Player
• Detail Oriented
• Proactive
• Motivated

Travel

Up to 5 %