Retirement Plan Manager II (exempt), Trust Department
Apply NowCompany: Central Bank & Trust Co
Location: Lexington, KY 40517
Description:
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
JOB SUMMARY:
Provides overall direction and administration of the retirement plan area to include developing new trust retirement plan business, enhancing efficiency of document flow, providing technical knowledge to clients and prospect base concerning all aspects of retirement plan administration.
LEVEL II DIFFERENTIATION:
* Works with complex ERISA administration and the ability to help clients with plan design features as well as knowledge of investment process and criteria for asset selection and style
* Completion of certifications or equivalent trust/ERISA training with the National Trust School or Cannon Financial Institute (certifications such as CRSP, CISP or AIF)
EDUCATION/EXPERIENCE REQUIRED:
* Bachelor's degree
* Six+ years' experience in retirement plan administration with sales and business development orientation or related professional experience
* Minimum two years' experience in a managerial role
QUALIFICATIONS/SKILLS REQUIRED:
* Working knowledge of computer software packages for retirement plan and business development as well as Word and Excel
* Excellent verbal and written communication skills
* Proven strength in analysis, problem solving, negotiation, organization, time management, interpersonal skills, and customer service
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:
1. Supervisory duties to include interviewing and selection, training and development, delegating responsibilities, monitoring work flow, ensuring quality control, monitoring and tracking employee performance, completing performance appraisals, coaching and counseling, administering progressive discipline, and ensuring compliance to bank policies and procedures.
2. Makes presentations to clients individually or with Trust Group Manager, New Business Development Officer and/or investment Officer as necessary.
3. Administers highly sensitive retirement plan accounts, including those of bank employees and officers. Maintains daily oversight of overdrafts and cash balances for assigned accounts.
4. Consults with clients concerning investments and strategies, plan design for plan administration. Meets with trust customers periodically to review accounts, review investment performance and related ERISA matters.
5. Works with commercial and retail loan officers in developing new business and retaining existing business.
6. Works with other areas of the Trust Group to integrate other ideas and services and to improve the generation of existing services.
7. Assists Trust Group Manager and other executive officers as requested.
8. Represents the Bank on various civic boards and in community activities.
9. Integrates book of business throughout the banking network.
10. Handles educational enrollment meetings for the plan participants.
11. Responsible for reviewing trust system for additions and modifications relating to ERISA developments.
12. Works with and assists with FDIC examination and annual Audit on Plan requests and issues.
13. Performs other duties as assigned.
BENEFITS:
JOB SUMMARY:
Provides overall direction and administration of the retirement plan area to include developing new trust retirement plan business, enhancing efficiency of document flow, providing technical knowledge to clients and prospect base concerning all aspects of retirement plan administration.
LEVEL II DIFFERENTIATION:
* Works with complex ERISA administration and the ability to help clients with plan design features as well as knowledge of investment process and criteria for asset selection and style
* Completion of certifications or equivalent trust/ERISA training with the National Trust School or Cannon Financial Institute (certifications such as CRSP, CISP or AIF)
EDUCATION/EXPERIENCE REQUIRED:
* Bachelor's degree
* Six+ years' experience in retirement plan administration with sales and business development orientation or related professional experience
* Minimum two years' experience in a managerial role
QUALIFICATIONS/SKILLS REQUIRED:
* Working knowledge of computer software packages for retirement plan and business development as well as Word and Excel
* Excellent verbal and written communication skills
* Proven strength in analysis, problem solving, negotiation, organization, time management, interpersonal skills, and customer service
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:
1. Supervisory duties to include interviewing and selection, training and development, delegating responsibilities, monitoring work flow, ensuring quality control, monitoring and tracking employee performance, completing performance appraisals, coaching and counseling, administering progressive discipline, and ensuring compliance to bank policies and procedures.
2. Makes presentations to clients individually or with Trust Group Manager, New Business Development Officer and/or investment Officer as necessary.
3. Administers highly sensitive retirement plan accounts, including those of bank employees and officers. Maintains daily oversight of overdrafts and cash balances for assigned accounts.
4. Consults with clients concerning investments and strategies, plan design for plan administration. Meets with trust customers periodically to review accounts, review investment performance and related ERISA matters.
5. Works with commercial and retail loan officers in developing new business and retaining existing business.
6. Works with other areas of the Trust Group to integrate other ideas and services and to improve the generation of existing services.
7. Assists Trust Group Manager and other executive officers as requested.
8. Represents the Bank on various civic boards and in community activities.
9. Integrates book of business throughout the banking network.
10. Handles educational enrollment meetings for the plan participants.
11. Responsible for reviewing trust system for additions and modifications relating to ERISA developments.
12. Works with and assists with FDIC examination and annual Audit on Plan requests and issues.
13. Performs other duties as assigned.
BENEFITS:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Paid Vacation
- Paid Holidays
- Employee Stock Ownership Plan
- 401k Plan
- Flexible Benefit Plan
- Voluntary Life Insurance
- AD&D Insurance
- Discounted Banking Services
- EAP (Free counseling sessions)
- Discounted AAA Membership
- Fitness Discounts
- Vacation Purchase Plan
- Interest-Free Computer Loan
- Interest-Free Fitness Equipment Loan
- Service Awards
- Attendance Awards
- Funeral Leave
- Subsidized Parking (Downtown)
- Sick Leave
- Educational Assistance Program
- Employee Wellness Program
- Dell Computer Discount
- Discounted Tickets
- Cell Phone Discount
- Jeans days to benefit local charities
- Paid Identity Theft Protection
- New Hire Incentive (for hourly employees)
- Personal Day
- Birthday Holiday
- Wedding Days
- Appointment Time
- Long Term Disability
- Life Insurance (2x salary)