WI3648562

1

High School Diploma/GED

High School Diploma/GED Equivalent

Unspecified

40

JOB REQUIREMENTS: SUMMARY: The Municipal Benefit Plans Office
Administrator provides support to the Municipal Retirement Services
department by performing a variety of administrative functions related
to processing community participants\' deferrals to retirement plans;
non-retirement savings and certificates; and, ensuring compliance with
all applicable regulations and reporting requirements. ESSENTIAL DUTIES
AND RESPONSIBILITIES: North Shore Bank\'s position descriptions of
Duties and Responsibilities are intended to describe only the major
functions of the job and may be amended and changed as department
structure and procedures change.You may be expected to perform other
duties specified by your manager.Everyone is expected to contribute
whatever efforts necessary to operate efficiently and effectively to
ensure the success of the Bank. Liaises with key client contacts for
performing verifications, answering questions, and processing
transactions. Ensures all transactions are processed in a timely manner
and addresses any discrepancies with the department manager. Assists
with new product implementations, and prepares marketing materials as
needed, including quarterly fund return sheet. Processes contributions
and distributions, trustee-transfers and direct rollovers for Deferred
Compensation clients. Maintains contribution/processing Excel files and
lists and updates Access Deferred Compensation community tables as
needed. Process various distributions and corrections as necessary to
accounts (i.e., distributions for death/divorce; any distribution
corrections or rejected transactions, etc.) Balances and remits deferred
funds, cleared through North Shore Bank, to associate Investment
Companies, as well as processes transfers between associate Investment
Companies. Processes ACH payments and collections for customer and
municipal transactions, with dual verification. Remits Federal and State
Income Tax withheld on retirement distributions; reconciles the
appropriate general ledgers; and prepares and submits the required IRS
forms according to IRS and Bank policy, procedure and timetable. Liaises
with the IRS to ensure compliance and documents /resolves any reporting
issues. Prepares quarterly reports; maintains plans and customer files;
contacts clients who must start mandatory distribution and those newly
separated from service and processes their elections and forms. Balances
department totals and Checks-Out System, prepares daily deposit, and
maintains stock for these processes. Opens new accounts such as HRA and
457(b) accounts, as well as new municipal plans. Handles unusual or
difficult customer situations either through direct\... For full info
follow application link. Employment selection and related decisions are
made without regard to race, ethnicity, religion, gender, sexual
orientation, national origin, age, disability, genetic history, marital
status, military or veteran status, or any other characteristic
protected by law. \*\*\*\*\* APPLICATION INSTRUCTIONS: Apply Online:
ipc.us/t/C870DF955D9D41E9