Retirement Reconcilations Analyst II

Alerus

10h • Onsite

About The Position

The Retirement Reconciliations Analyst II is responsible for trade settlement and money movement between Alerus Retirement and Benefits (ARB) and various trading partners. Reconciling accounts for retirement trust, health & welfare, recordkeeping and trade systems. Will have strong system and regulatory knowledge enabling them to understand all aspects of the department and be able to work quickly and accurately in a fast-paced environment.

Requirements

• Bachelor’s degree in accounting, finance, business, or equivalent related experience.
• 3-5 years of experience in retirement operations or related area.
• Knowledge of retirement and recordkeeping systems and recordkeeping operational functions.
• Ability to interact and collaborate with employees, business sponsors, and customers.
• Efficient in Microsoft Excel including formulas, pivot tables, and functions.
• Proven record of working in a fast-paced environment while managing multiple tasks and deadlines without supervision.
• Ability to work independently while supporting a collaborative and team orientated environment.
• High attention to detail.
• Exceptional organizational skills, problem-solving ability and high attention to detail.

Responsibilities

• Primary point of contact for settlement.
• Perform follow-up research to ensure transactions, trades, funds & plans settle promptly and in balance.
• Collaborate with ESOP administrative team for timely transaction posting and wire/ACH requests.
• Daily money transfer approval and postings.
• Reconcile and submit recons on a monthly, quarterly, and annual basis.
• Actively participant in team meetings by providing insight, contributions, and feedback.
• Create, update, and maintain written procedures in Alerus procedure (R&R) database.
• Identify and assist to implement process improvements that enhance the client experience and build scale.
• Maintain and advanced level of knowledge encompassing all systems and processes that pertain to the position.
• Maintain compliance knowledge of regulations, policies, and procedures.

Benefits

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
• Learning and development resources for personal and professional career development, and advancement opportunities.
• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees