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Retirement Specialist

Employer
Alerus Financial
Location
Grand Forks, North Dakota
Salary
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Industry
General
Role
Other
Job Type
Long-Term
Hours
Full Time

Job Details

Position Summary:
Establish and maintain relationships with assigned retirement plan clients in order to achieve or exceed client service and retention standards. Assist the sales consultants with the new business onboarding process.

Essential Responsibilities:
Job Function 1: Client Service - 70%
  • Manage client relationships (advisor/broker, TPA, wholesaler, plan sponsor, etc.) by working to resolve complex service issues to ensure client satisfaction/retention.
  • Develop and maintain positive working relationships and open lines of communication with internal and external clients.
  • Produce and review annual review data with clients, advisors and wholesalers.
  • Communicate with clients, advisors/brokers, and TPAs to proactively identify and manage expectations, needs, and concerns.
  • Respond to all email and voicemail inquires with tactful, accurate, and timely responses.
  • Problem solves a variety of complex situations involving business and/or client needs.
  • Keep supervisor and sales executive informed of sensitive issues or special projects pertaining to clients.
  • Assist sales consultants in retention analysis. Recommend fee changes as necessary, including fee increases or decreases depending on client needs, demands, and complexity.
  • Research and resolve third party payments and questions (advisor, broker (B-50), TPA, wholesaler, etc.).
  • Coordinate fund amendment process timeline. Work through fund availability issues and coordinate delivery of supporting documents and enrollment packet materials, if applicable.
  • Facilitate external fee changes (advisors, TPAs and wholesalers) by properly updating fee schedules, disclosures, and all applicable systems.
  • Learn how the recordkeeping systems operate (Omni, AddVantage, Global Revenue and Sponsor/Participant websites) and report information to effectively service plans.

Job Function 2: Onboarding - 25%
  • Work with sales consultants to initiate new business takeover process.
  • Finalize fund line-ups and model portfolios with client, advisor and fund wholesaler.
  • Work with advisor/client to complete new plan specification form.
  • Facilitate conversion timeline discussions with client, advisor, TPAs as needed.
  • Discuss education materials and enrollment meeting dates with advisor/client.
  • Finalize the collection process for internal and external fees.
  • Provide all new business details to underwriting specialist.

Job Function 3: Teamwork and Productivity - 5%
  • Provide backup to supervisor, sales consultants, and team members for plan sponsor, advisor, TPA and other independent producer telephone calls, emails, and other requests.
  • Foster a positive work environment and support co-workers in achievement of departmental goals. Treat all co-workers professionally.
  • Participate in company and departmental meetings.
  • Establish work objectives and priorities to perform work in a cost-effective manner. Make recommendations for ways to increase productivity and decrease staff overtime.
  • Proactively suggest changes in procedures, forms, and checklists to reduce account errors.
  • Properly double check work of self and team members to minimize rework. Ensure work is reviewed by your supervisor / team lead as needed.

Position Requirements:
Qualifications:
  • 1+ years of experience in defined contribution industry or financial services company, preferably in recordkeeping or administration.
  • Bachelor's degree preferred or equivalent work experience.
  • Experience working with advisors/brokers and third-party vendors preferred.
  • Strong written/oral communication and organization skills.
  • Strong commitment to customer service.
  • Available to work extra hours to cover peak workloads and other business needs.
  • Ability to prioritize with a high level of commitment to accuracy and detail.
  • Strong analytical skills.
  • Expert knowledge of Microsoft Word and Excel, and other related systems.

Personal Characteristics:
  • High attention to detail.
  • Approachable and considerate.
  • Adapts to a fast paced, changing environment.
  • Disciplined.
  • Self-motivated and a strong desire to take initiative.

Physical Demands - Must be met with or without a reasonable accommodation:
  • Extended periods of time sitting at a desk and using office equipment.
  • Ability to operate a personal computer/laptop for approximately 8 hours per day.
  • Extended time is spent reviewing physical and electronic documents.
  • The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.
  • Periodically, may also do light lifting of supplies and materials which weighs in at approximately 20 lbs.
  • Will spend most of time in an indoor environment.

Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

Company

Alerus is a company that will challenge you to be at your best and where your efforts have real, tangible effects. Our culture is one of collaboration, innovation, forward-thinking, and giving back. And, as a growing company with a presence in markets from New Hampshire to Arizona, we offer a broad range of opportunities for you to travel the career path that matches your abilities, interests, and goals.

What is the current company culture like?

While our footprint spans North Dakota, Minnesota, Arizona, New Hampshire, and Michigan, we still operate like a small company. In other words, every single person on our team matters. Our employees create our culture.

What skills, education, and experiences does your ideal candidate(s) have? Each position has their own specific requirements and qualifications. In addition to those, Alerus seeks people who live out our fundamental beliefs every day: do the right thing, cherish people, empower with knowledge, respect everyone, serve with passion, and embrace change.

How would you describe the company leadership/team management? Alerus has a diverse executive and leadership team. Each leader comes with a wealth of experience and knowledge within their field to help their teams succeed. Alerus leaders, including our C*Suite executives, maintain regular communication with employees on company updates and goals.

Where do you see the company/organization in the upcoming years? Alerus has bank and office locations in North Dakota, Minnesota, Michigan, New Hampshire and Arizona. While we continue to serve our clients in these states we also look to grow our national footprint to best serve clients wherever they may live.

What do you feel candidates need to know about the company before applying? Alerus is more than just a bank and offers many products for our clients including personal & business banking, mortgages, wealth management and retirement savings. We continue to grow and expand but still maintain and operate with a small business feel. We would not have continued success without our employees and all the hard work they do to serve our clients with passion.

See the current Alerus job openings below!

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