Retirement Transaction Specialist

Department: Retirement
Status Full-time


The Retirement Transaction Specialist position is responsible for all aspects of posting, processing and reconciling daily trade files. Including posting transactions into the recordkeeping system, balancing, reconciliation and follow-up.


Duties include but are not limited to:

  • Research and post all incoming funds for plan contributions. This includes accurate plan research for all incoming checks, wires and ACHs.
  • Responsible for timely submission and verification of ACH debit requests.
  • Import and balance all contribution transactions to ensure accurate import across all money types.
  • Understand and process all types of distributions and loans.
  • Process expected volume of all distributions and loan withdrawals daily.
  • Identify, input and monitor client-specific notes affecting processing for each plan.
  • Update tracking system with the status of all contributions and distributions.
  • Enter 1099R data for requested withdrawals.
  • Perform daily reconciliation of all outstanding cash for each plan and follow up as needed.