IRA Coordinator - Albany, NY

Trustco Bank•Village of Colonie, NY

23h•$46,000 - $52,000•Onsite

About The Position

The IRA Coordinator assists in overseeing the operations and transactions involving IRAs and HSAs. Monitors opening and closing of accounts, account distributions, rollovers, and customer inquiries. Ensures compliance with governmental regulations regarding IRAs and HSAs. Assisting with the administration of the Financial Services Department through the handling and oversight of daily and monthly reports, the processing of new and closed accounts, working with account administrators and investment advisors on daily tasks associated with estates, trusts and investment accounts, working with staff members on the factoring of mutual fund postings, working with trust administrators in the processing and filing of annual tax returns and various tax forms, assisting with IRA and employee benefit accounts and working with internal and compliance departments on various request and matters presented to the department.

Requirements

An Associate’s degree in a business-related field or equivalent level of education and experience.
Effective verbal and written communication skills.
Well organized with the ability to manage multiple tasks and work to time sensitive deadlines.
Ability to work well independently and in groups.
Working knowledge with Microsoft Office Programs; Excel and Word.

Nice To Haves

Bachelor’s degree in business related field

Responsibilities

Reviews forms from branches and operations to ensure accuracy.
Ensures compliance with government regulations, including account over-contributions, early distributions and required minimum distributions.
Maintains records and is responsible for timely reporting.
Process data into the Bank’s system as needed.
Schedules and organizes activities such as meetings, conferences and department activities for all members of the department.
Performs desktop publishing.
Establishes, develops, maintains and updates filing system. Retrieves information from files when needed.
Organizes and prioritizes large volumes of information and calls.
Sorts and distributes mail. Opens mail for the Financial Services Department. Drafts written responses and/or replies by phone or e-mail when necessary. Responds to regularly occurring requests for information. Process returned mail and ensure it gets to the tax payer in a timely manner.
Answers phones for the Financial Services Department. Takes messages or fields and/or answers to all routine and non-routine questions.
Types and designs general correspondences, memos, charts, tables, graphs, business plans, etc. Proofreads copy for spelling, grammar and layout, making appropriate changes. Responsible for accuracy and clarity of final copy.
Processes IRS and Tax and Finance correspondence.
Request checks for IRS and Tax and Finance payments.
Daily reconciliation of the securities general ledger.
Works independently and within a team on special nonrecurring and ongoing projects.