For 100 years, ABOC has fostered deep ties to our customers and our community, serving the banking needs of countless businesses, organizations, institutions, and individuals, many for multiple generations. These relationships are based on profound trust, in-depth understanding and highly personal and responsive service provided by our experienced bankers.
We take tremendous pride in being a great place to work! We value the contributions our employees bring to the table every day. We work hard to nurture and maintain a mutually respectful, diverse culture that fosters teamwork and a commitment to exceptional customer service.
ABOC is hiring a Pension Specialist. This position is responsible for handling the administration for the issuance of periodic, non-periodic benefits as described within the Plan Summary and Collective Bargaining agreement.
RESPONSIBILITIES:
Administration of individual client plans includes obtaining agreements needed for processing e.g. ACH Agreement, Paying Agent Agreement, EFTPS and any special directives.
Establishing an account on internal system to define roles of client, money types, fund parameters for processing.
Set up new retirees, update synoptic information on participants.
Complete batch processing for initiation of payments on scheduled cycles.
Remit deductions to Federal Withholding, State Withholding, Medical Payments and other deductions as needed.
Prepare monthly reports and forward to clients
Reconcile internal system to our Trust system monthly.
Prepare Annual required notices for distribution
Monthly issuance of Outstanding Check Report and Deceased Participant
Attend client meetings
Respond to Audit requests for plans
Notify Administrator of funding needs
Adhere to Internal and Regulatory procedures and policies
Attend webinars and conferences upon request regarding Retirement Benefits.
REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
High school diploma or equivalent (required)
Microsoft 365 Experience
FIS (Addvantage) Software Experience
BENEFITS:
Competitive compensation package
Full health insurance (medical, dental and vision),
401(k)
Life insurance
Education Assistance
Paid Vacation Days
Employee Assistance Program
Open-door work environment
Opportunities for advancement
Community Service Opportunities
We are an equal opportunity employer and value diversity, equity, and inclusion at our company. We do not discriminate based on any protected category. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.