Deposit Operations & Delivery - IRA Admin

NBH Bank•College Station, TX

8d•Onsite

About The Position

The duties of this job require a high degree of specialized expertise and skill in maintaining established standards of quality and accuracy. Drive, determination and a self-disciplined approach to achieving results that meet these established criteria are necessary for successful job performance. The job environment is structured and job expectations are clear. While the pace of the work is faster than average, quality is never compromised. The focus of communication and organizational relationships is based on technical expertise. The work requires specialized technical problem solving and ingenuity while working within approved organizational systems and technology, and the demonstration of the values of integrity, quality and caution. New ideas and concepts are also important but will be carefully analyzed and tested before communication and adoption. If the job involves managing others, there is a need for someone who can exercise the necessary authority to assure policies and procedures are followed and time frames are met. At the same time, it will be necessary to give subordinates structured opportunity to develop their own expertise and capability for quality work to assure effective delegation and shared responsibility for work output. It is expected that coaching and training support for achieving effective delegation will be required. The position encompasses a defined span of control and opportunity for someone who engenders trust, demonstrates a sense of urgency and assures consistent achievement of quality standards. The work requires making decisions that support company guidelines authoritatively and quickly. As an IRA Administrator, you will supervise the IRA & HSA Support Specialist, and administer the bank’s IRA & ESA products, including review of reporting, IRS compliance for documentation, retention, amendment process, and IRA branch training. You will be responsible for a variety of tasks including maintaining IRA files for recordkeeping and retrievability, review IRA reports, logs, report branch exceptions, IRA Account files and forms for accuracy, research and resolve out of balance conditions, communicate IRA changes including required minimum distribution guidelines, and be responsible for the monthly reconciliation of all internal accounts used for the purpose of State and Federal withholding. Additionally, the IRA Administrator will collaborate with other departments and associates in a professional and cooperative manner, conduct IRA training at least annually to all applicable associates, and are expected to and build a great rapport with clients and fellow associates, and treat others with respect and consideration regardless of their status or position. All associates are expected to maintain current knowledge and consistent compliance with regulations and bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.

Requirements

Associate’s Degree or equivalent combination of education and work related experience
Minimum of 5 years of relevant banking experience, with a working knowledge of IRAs.
Minimum of 5 years of supervisory experience
10 key skills, with attention to accuracy and detail.
Good communication skills
Well-developed analytical and organizational skills.
Intermediate computer skills in MS Office applications, to include Outlook, Word, Excel and PowerPoint.
Ability to set priorities, multi-task and meet assigned deadlines.

Nice To Haves

Bachelor’s Degree
Minimum of 7 years of relevant banking experience with an emphasis in tax reporting and bank regulations, and a strong background in IRAs.
CISP certification

Responsibilities

Supervise the IRA & HSA Support Specialist
Administer the bank’s IRA & ESA products
Review of reporting, IRS compliance for documentation, retention, amendment process, and IRA branch training
Maintain IRA files for recordkeeping and retrievability
Review IRA reports, logs, report branch exceptions, IRA Account files and forms for accuracy
Research and resolve out of balance conditions
Communicate IRA changes including required minimum distribution guidelines
Responsible for the monthly reconciliation of all internal accounts used for the purpose of State and Federal withholding
Collaborate with other departments and associates in a professional and cooperative manner
Conduct IRA training at least annually to all applicable associates
Build a great rapport with clients and fellow associates
Treat others with respect and consideration regardless of their status or position
Maintain current knowledge and consistent compliance with regulations and bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.