What are the responsibilities and job description for the Trust Analyst position at Ascensus?
FuturePlan is the nation’s largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized service from local TPAs backed by the strength and security of a large national firm, Ascensus. Our roots go back decades, with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service, innovation and expertise to a fast-growing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals, 60 actuaries, and one of the industry’s largest in-house ERISA teams. Learn more at FuturePlan.com.
Section 1: Position Summary
Trust position that has an advanced understanding of all plan types and facilitates more complex interactions with the Plan Consultants.
Section 2: Job Functions, Essential Duties and Responsibilities
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
Section 1: Position Summary
Trust position that has an advanced understanding of all plan types and facilitates more complex interactions with the Plan Consultants.
Section 2: Job Functions, Essential Duties and Responsibilities
- Ability to successfully complete and support the work outlined for the Trust Associate 1 and 2 roles
- Reads and comprehends retirement plan provisions from plan documents, summaries of plan provisions, and related plan materials
- Supports the Plan Consultants in resolving operational and compliance trust issues related to qualified plans
- Tracks and monitors job progress to ensure that all necessary data is requested and received in order to meet trust deadlines
- Prepares trust accounting reports for Clients
- Supports and completes assigned quality assurance reviews
- Review non qualifying assets
- Able to assist consultants with follow up letters on missing trust information and/or addressing and resolving trust issues.
- Ability to successfully integrate information from alliance partners into pension software
- Knowledge of participant loans, partnership valuations, employer stock investments, and reporting of insurance policies
- Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
- Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day to day basis showing your support of our organizational culture.
- Assist with other tasks and projects as assigned
- N/A
- Bachelor’s degree preferred
- Minimum of 2 years of advanced math education preferred
- 3 – 5 years of prior ERISA experience in the retirement industry preferred
- 3 - 5 years of experience in analysis of financial data required
- Strong Word, Excel (Advanced), and Outlook skills
- Strong written and oral communication skills
- Strong analytical and problem solving skills
- Strong attention to detail and the ability to prioritize, manage tasks and meet in connection with business operations, including related ERISA compliance matters
- Associate holds Retirement Plan Fundamentals certification upon meeting eligibility requirements
- QKA designation preferred
- Ability to work additional hours during peak periods
- Prior experience with plan administration software, i.e. Relius
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus.com or @futureplan.com email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting, we strongly encourage you to apply directly through our website.
