Retirement Plan Admininistrator

Northwest Bank•Erie, PA

8d•Onsite

About The Position

The Retirement Plan Administrator is responsible for the administration of the employee benefit (pension and profit sharing) function of the Trust division and advises individual and corporate clients concerning the design and administration of pension, profit sharing and other employee benefit trust plans . This position also assists in the development, installation and administration of assigned plans, prepares and submits government reports, provides such services as disbursing payments to employees or retirees, and participates in the development of new business from existing or prospective clients. Essential Functions • Administer client and employee benefit trust accounts • Develop and retain exist participant plan distributions • Advise clients regard design / administrations of employee benefit accounts • Analyze and Interpret legal documents to determine the best course of action to follow in the management of individual and corporate accounts • Assist with installation and administration of each plan • Assist with internal education and development of employee benefit plans • Develop new business from exist accounts • Keep informed on policies, laws, legal and tax consequences of specific plans • Oversee participant educations services (market, price, design) • Develop and implement internal systems • Initiate and author client correspondence • Ensure compliance with Trust policies and procedures • Schedule client meets on periodic basis • Conduct regular customer reviews as required • Review financial / investment markets daily • Coordinate customer documentation and agreements • Manage personal workload/work flow • Assist with setting personal goals and targets • Cultivate potential referrals from exist accounts • Analyze accurate customer needs • Recommend investment / trust alternatives • Perform presentations / meetings with prospects • Finalize new agreements with customers • Coordinate and prepare information for RFP requests • Cross sell other Bank products and services • Recommend improvements to procedures • Maximize technology tools available • Assure accurate information passed to Trust Operations • Oversee system coding on individual accounts • Minimize departmental non-payroll costs • Adhere to stated Trust department fee schedules • Minimize non standard fee schedules Additional Essential Functions • Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations • Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency • Work as part of a team • Work with on-site equipment Additional Responsibilities • Assisting with special projects as required • Remain current on tax, regulatory and legal issues relating to Employee Benefits and/or Trust, works with new business officers and administrators Safety and Health for those without supervisory duties • Abide by the rules of the safety and loss prevention program • Perform work tasks in a safe manner • Report any and all injuries to supervisor • Know what to do in case of an emergency

Requirements

Bachelor's Degree business or finance related
8 - 12 years relevant experience
Ability to identify existing and potential problems, obtain and evaluate relevant information, identify possible causes of the problems, and suggest an alternative course of action including innovative or creative approaches
Ability to allocate and effectively use information, personnel, time, and other resources necessary for implementation of Northwest’s strategic plans
Ability to make decisions, render judgments, and take action on tasks within the scope of given authority in a timely fashion
Ability to develop, evaluate, and implement alternative courses of action, based on correct assumptions concerning resources and guidelines, and support decisions or recommendations with data or reasoning
Ability to present and express ideas and information effectively and concisely in an oral and/or written mode in a manner appropriate for the audience
Ability to listen and comprehend what others are saying and facilitate the open exchange of ideas and information
Ability to motivate and provide direction in the activities of others, appropriately assigning work and authority, in the accomplishment of goals; providing advice and assistance as required
Ability to understand and appropriately apply procedures, requirements, regulations, and policies; maintain credibility with others on specialty matters
Ability to analyze financial data
Appropriate professional designation

Responsibilities

Administer client and employee benefit trust accounts
Develop and retain exist participant plan distributions
Advise clients regard design / administrations of employee benefit accounts
Analyze and Interpret legal documents to determine the best course of action to follow in the management of individual and corporate accounts
Assist with installation and administration of each plan
Assist with internal education and development of employee benefit plans
Develop new business from exist accounts
Keep informed on policies, laws, legal and tax consequences of specific plans
Oversee participant educations services (market, price, design)
Develop and implement internal systems
Initiate and author client correspondence
Ensure compliance with Trust policies and procedures
Schedule client meets on periodic basis
Conduct regular customer reviews as required
Review financial / investment markets daily
Coordinate customer documentation and agreements
Manage personal workload/work flow
Assist with setting personal goals and targets
Cultivate potential referrals from exist accounts
Analyze accurate customer needs
Recommend investment / trust alternatives
Perform presentations / meetings with prospects
Finalize new agreements with customers
Coordinate and prepare information for RFP requests
Cross sell other Bank products and services
Recommend improvements to procedures
Maximize technology tools available
Assure accurate information passed to Trust Operations
Oversee system coding on individual accounts
Minimize departmental non-payroll costs
Adhere to stated Trust department fee schedules
Minimize non standard fee schedules
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Assisting with special projects as required
Remain current on tax, regulatory and legal issues relating to Employee Benefits and/or Trust, works with new business officers and administrators
Abide by the rules of the safety and loss prevention program
Perform work tasks in a safe manner
Report any and all injuries to supervisor
Know what to do in case of an emergency