Retirement Operations Analyst. at Hired by Matrix
Jersey City, NJ
About the Job
At-a-Glance:
Are you ready to build your career by joining a global financial institution? If so, our client is hiring a Retirement Operations Analyst.Position Type: Contract
Required:
- Experience with retirement account types desirable, IRS rules, and/or tax reporting obligations.
- Analytical thinker, with excellent written and verbal communication.
- Detail oriented with strong organizational skills.
- Ability to prioritize multiple tasks, and work against deadlines and objectives.
- Adaptable to dynamic work environments and priorities.
- Demonstrate ownership and sense of urgency in resolving inquiries and issues.
- Proven effectiveness in fast-paced, demanding, client-driven environment.
- Ability to perform and deliver within tight deadlines.
- A challenging and inquiring mind.
- Associate’s or Bachelor’s Degree required.
- Preferred/Desired:
- 1-2 years' experience with Retirement product and services (highly desired)
- Knowledge of IRS Contributions and Distribution rules
- Excel experience
- Understanding or familiarity with:
- 590A and 590B; Retirement tax form reporting 1099R/1099Q; 5498/ 5498ESA
- IRS publication 590A- is the IRS regulations for IRA contributions
- IRS publication 590B- is the IRS regulations for IRA distributions
- 1099R is the distribution tax form from a Retirement account
- 1099Q is the distribution tax form from a Coverdell account
- 5498 is the contribution tax form from a Retirement account
- 5498ESA is the contribution tax form from a Coverdell account
- Maintains functional knowledge of the brokerage business with an emphasis on retirement account operations.
- Customer request handling / problem resolution / data analysis – as assigned.
- Perform different levels of problem resolution & data analysis for all aspects of retirement operations support including: contributions, distributions, processing conversions, re-characterizations, and state withholding reconciliation.
- Reconcile activities to ensure transactions are recorded with the proper books and entry coding.
- Assist the management team in developing metrics that demonstrate the progress / completion of retirement inquiry resolution.
- Execute on customer requests to move money out of retirement accounts.
- Understand tax implications of transactions in and out of different retirement account types.
- Resolve retirement account issues and document the resolution process.
- Validate data integrity is maintained in client facing displays.
If you think you'd be a good match, submit your resume and reach out to Naveen at (862) 946-6344 to learn more.
