What are the responsibilities and job description for the Retirement Plan Officer position at Bravera?
Bravera is hiring for a Retirement Plan Officer in Bismarck or Dickinson, ND. Bravera is an employee- and director-owned company that is committed to helping our employees forge a new path in their career. We work together to drive continuous improvement which enhances the customers experience and keeps our organization moving forward.
This position is responsible for performing duties as it pertains to managing existing retirement plan client relationships with a focus on client retention (80%) and developing new relationships (20%).
Measures of Success
- Provide excellent consultation and service to retirement plan clients through email, phone, and in-person interactions.
- Maintain client relationships, grow plan assets through increased deferral rates, complete and distribute detail-orientated plan correspondence and client presentation materials.
- Prospecting to business clients by providing insights on fiduciary, technical, and operational retirement plan matters through the sales process.
Primary Duties and Responsibilities
- Responsible for understanding and acting in accordance with the legal responsibilities of a Fiduciary, and effectively communicating this responsibility to retirement plan clients and prospects.
- Participate in continuing education and trainings to stay up to date and acquainted with regulatory updates and effectively consult with retirement plan clients regarding improvements and changes to their plan document.
- Work with department Manager to dispense updates to clients regarding changes to DOL or ERISA’s rules and regulations.
- Work closely with retirement plan clients to understand their business’ retirement plan objectives and provide guidance, support and solutions. Conduct annual plan reviews, discuss fee analysis and services.
- Must have advanced knowledge of investments including basic economic data, the markets, asset classes, and target date funds.
- Assist with the preparation, distribution and presentation of materials to clients and participants, both onsite and offsite.
- Work with the Retirement Plan Services team at Bravera Wealth to assist and interact with participants and plan sponsors with inquiries including website access and other requests by way of in person, email, phone, fax and mail to ensure the retirement plan participant and or sponsors needs are met.
- Input/update employee census information on Bravera Wealth systems, as well as assisting with the year-end verification processes.
- Preparation of various reports by account, plan, and/or Company, as requested.
- Assist with organizing schedules and work output for the Department.
- Will be required to drive a company vehicle and overnight travel may be essential. Must maintain a clear driving record in order to maintain coverage under Bravera’s vehicle insurance provider.
- Know and adhere to current Bravera Wealth Company policies and procedures.
- Present sales materials to prospects.
- Responsible for promoting teamwork and open communication among all functions of the Holding Company and with Subsidiaries.
- Responsible for promoting the organization in the community through participation in various civic and community events, activities, committees, and organizations.
- Must maintain a high level of confidentiality and professionalism regarding all employee and customer issues and information.
- The employee will adhere to all trust rules and regulations, including but not limited to the requirements of the Bank Secrecy Act. In addition, the employee will be proactive in the prevention of illegal activities, will vigilantly look for activities that may constitute any type of fraud including money laundering, and will report any suspicious activity to the BSA Officer.
- Contribute to the overall success of the organization by leveraging opportunities as they relate to all entities of Bravera Holdings Corp.
Qualifications
- Education: HS diploma or equivalence, with 2-4 years of post-secondary education preferred;
- Experience: Applicable job experience of less than five years in the retirement plan division of a trust or wealth department or experience working with administering a company’s own retirement plan;
- Knowledge of retirement plan administration preferred;
- Ability to work in a team setting and be self-motivated;
- Strong communication skills and effective listening skills;
- Close attention to details and strong organizational skills;
- Willing to learn new tasks and not afraid to take on a new challenge;
- Ability to work with numbers accurately and attentively;
- Knowledge of general accounting/bookkeeping principles;
- Working experience with Microsoft Office programs is necessary.
Location
Bismarck or Dickinson, ND
Benefits
To support this, we provide a competitive and rewarding compensation package which includes a competitive salary, incentive compensation opportunities, retirement plan with company match, health insurance, paid holidays, paid time off (PTO), paid community volunteer time and stock opportunities. As a learning organization, we are committed to investing in the growth and development of our team members, offering training opportunities and tuition reimbursement.
Our Values
- Give and earn trust. We support and empower one another to earn trust through accountable performance.
- Learn, teach and mentor. We are a learning organization that invests in growth and development.
- Collaborate and innovate. We work together to drive continuous improvement to enhance your experience.
Want to learn more about careers with Bravera? Go to bravera.bank/careers.
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing or action, including an investigation conducted by the employer or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c).
