Distributions Manager at Nova 401(k) Associates

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Distributions Manager at Nova 401(k) Associates. . Location: Remote. We are seeking an experienced leader to head our Distributions Department, a pivotal role in our organization. As a Distribution/Loan Manager, you will be at the forefront of ensuring compliance with IRS rules and regulations regarding loans and distributions while managing the department's operations effectively.. . To thrive in this role, a superior working knowledge of ERISA is essential. Your expertise should span a diverse range of distribution requests, including termination, in-service, hardship, death distributions, and RMDs, as well as participant loans, QDROs, J&S requirements, beneficiary designations, and familiarity with 1099-R and 945 Forms. Additionally, you should showcase the ability to comprehend and interpret upcoming regulations influencing the retirement industry.. . In your capacity as a Distribution/Loan Manager, your primary focus will be on efficiently overseeing the workflow for routine participant distribution projects. This includes managing terminations, in-service withdrawals, hardships, loans, force-outs, and RMDs. Your role will also involve identifying and addressing escalated issues, as well as providing mentorship and guidance to our entry-level staff, helping them to develop their expertise.. . This position supports a great work-life balance with a 37.5 hour work week, generous PTO and overtime pay. We also financially support professional designations and offer regular, recurring professional training. We offer a competitive compensation package including medical insurance, dental insurance, disability insurance, life insurance, a 401(k) plan and an HSA.. .  . . Job Responsibilities:. . . Manage 2- 3 staff members. . Champion AFS values and policies. . Ensure client and participant satisfaction through the loan and distribution process. . Manage the team to meet AFS's overall service standards  . . Monitor team productivity through daily report generation. . Develop reports for senior management. . Assist in training and mentoring of junior staff members throughout the year. . Manage daily inflow and outflow of distribution and loan requests. . Improve existing processes and assist in developing new processes as needed. . Identify loan defaults and MRD from online reports. . Prepare and process annual forceout distribution projects. . Keep current with new regulations and proposed legislation as well as an awareness of proposed legislation surrounding loans and distributions. . Communicate with participants, principals, clients, financial advisors, attorneys, CPAs, and other professionals on plans assigned to your team throughout the loan and distribution process. . Complete performance reviews in a timely manner. . Perform other related duties as required. . . Qualifications:. . . Bachelor’s degree required. . A minimum of three years of management experience in a fast-paced & high-volume environment. . Relevant industry experience processing or reviewing 401(k) loans/distributions. . Comfortable working online. . Excellent written and verbal communication skills and customer service skills. . Ability to maintain confidential information. . Superior organizational skills. . Proficiency with MS Excel and MS Word. . Flexibility, adaptability, and ability to multi-task. . Clean background check. . ASPPA/NIPA industry credentials a plus. . . Compensation and Benefits:. . . Base Salary $70,000 - $80,000. . Salaried, non-exempt. . Medical, dental, disability, and life insurance. . Paid time off. . 401(k) plan with employer match. . . Work Location/Hours:. . . Work from home. . Must work from USA and be authorized to work for any US employer. . We will supply all necessary computer equipment. . You may choose a start time between 7:30 am and 8:30 am. . Click Here. to review our Privacy Policy