IRA Specialist develops IRA rate sheets and prepares transfers, distributions, rollovers, conversions, death claims, and closures in accordance with government regulations and bank policies. Maintains retirement records and is responsible for current and proper financial statements and reports. Being an IRA Specialist utilizes database or system to process transactions and retrieve information. May require a bachelor's degree. Additionally, IRA Specialist typically reports to a supervisor or manager. The IRA Specialist works on projects/matters of limited complexity in a support role. Work is closely managed. To be an IRA Specialist typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
The Senior Supervisor for the IRA Operations serves as the subject matter expert on IRA rules and IRS regulations and leads the daily activities of the team to ensure the achievement of the corporate goals for growth, retention and quality service. The scope of this position includes the oversight of the personnel within the department as well as interfacing with all levels of management, various departments, business partners, and bank customers. This role works in tandem with the Manager, Compliance, Legal and Tax to ensure all procedures adhere to applicable IRA regulations & laws