Specialized Fiduciary Officer I (SFO I), Retirement Plans

Bank of America•Dallas, TX

4d•Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Specialized Fiduciary Officer I (SFO I), Retirement Plans, Private Banking - Specialized fiduciary officer providing support to defined contribution plans. Primary task will be to support and coordinates related trust activities with business partners (internal and external), i.e., human resources, accounting, participant recordkeeping, etc. Job expectations include having working knowledge of accounting, fiduciary regulations and Microsoft Office.

Requirements

Formal accounting education/background and reconciliation knowledge.
Employee benefit (ERISA) payment knowledge.
Proficient in EXCEL, WORD and Outlook.
Working knowledge of accounting, fiduciary regulations and Microsoft Office.

Nice To Haves

PACE, WMO, BOSS and OnDemand knowledge.

Responsibilities

Support and coordinate related trust activities with business partners (internal and external), i.e., human resources, accounting, participant recordkeeping, etc.
Processing daily accounting entries related to fund trades, money movement, DDA accounts, GL accounts, wire transfers, benefit payment funding, and reconciliations.
Identifying discrepancies, investigating the causes and completing/reporting results to ensure consistency and accuracy.
Supports and coordinates related Trust activities with business partners (internal and external), i.e., human resources, participant recordkeeping, auditors, etc.