Trust Analyst

Ascensus•Dresher, PA

43d•$55 - $65•Remote

About The Position

Trust position demonstrating advanced knowledge and expertise related to trust reconciliation and consulting. Ability to use experience and knowledge to serve as a resource to internal associates

Requirements

Bachelor's degree preferred
Minimum of 2 years of advanced math education required
5+ years of prior ERISA experience in the retirement industry preferred
5+ years of experience in analysis of financial data required
Strong Word, Excel (Advanced), and Outlook skills
Strong written and oral communication skills
Strong analytical and problem solving skills
Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters
Associate holds Retirement Plan Fundamentals certification upon meeting eligibility requirements
Ability to work additional hours during peak periods
Prior experience with plan administration software, i.e. Relius, ASC
For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual work space and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 25 MBps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying.

Nice To Haves

QKA designation preferred

Responsibilities

Ability to successfully complete and support the work outlined for lower level compliance roles
Reads and comprehends retirement plan provisions from plan documents, summaries of plan provisions, and related plan materials
Supports the Plan Consultants in resolving operational and compliance trust issues related to qualified plans
Tracks and monitors job progress to ensure that all necessary data is requested and received in order to meet compliance deadlines
Prepares annual valuation and trust reports for Clients
Supports QR for complex plans and the broader team
Provides advanced partnership and support of the Client Service organization
Able to assist consultants with follow up letters on missing trust information and/or addressing and resolving trust issues.
Responsible for complex plan reviews, including prohibited transactions, complex deeds of trust, promissory notes, real estate transactions and identifying late deferrals deposits.
Review and resolve client deposit issues and provide resolution, transfer instructions (as needed).
Ability to support the Trust Specialist role with associate training and subject matter expertise
Consults in resolving operational and compliance trust issues related to qualified plans
Review non qualifying assets
Has the ability to reconcile forfeitures within a trust and assist consultants of the use of forfeitures.
Ability to successfully integrate information from alliance partners into pension software
High level knowledge of participant loans, partnership valuations, employer stock investments, collectables and reporting of Cash surrender value for insurance policies and annuities.
Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture.
Assist with other tasks and projects as assigned