What are the responsibilities and job description for the Collections Analyst position at IAM National Pension Fund?
Job Overview
The IAM National Pension Fund (the “Fund”) is conducting a search for an Analyst – Contribution Compliance and Collection. The Analyst – Contribution Compliance and Collection is primarily responsible for coordinating the research of delinquent/unposted/escrowed accounts and following up with the employers and internal teams (Accounting, IT, Employer Services, Legal) to ensure timely resolution of account issues of companies that participate in the IAM National Benefit Funds, including the IAM National Pension Fund, the IAM National 401(k) Fund and the IAM National Benefit Trust Fund. The Analyst – Contribution Compliance and Collection will work in the Accounting Department and coordinate with the Legal Services Department in collecting outstanding amounts due by communicating with delinquent employers and coordinating with collections counsel. Analyst will work closely with Senior Assistants in managing employer accounts and assisting in processing payments and remittance reports as needed
Duties
Coordinate with the Accounting, Employer Services and Legal Services departments regarding status of collection cases and unreconciled accounts Review and finalize the payment arrangements with delinquent employers, assist Legal Services in negotiating payment plans when necessary, and update the account information, when appropriate Specific to the 401(k) Fund, pull data from the system; send to Recordkeeper; retrieve and confirm lost earnings calculation; load spreadsheet; issue delinquency statement Review processed remittance reports and correct where necessary Timely prepare, create, and provide collection status reports to General Counsel and Accounting Manager Update and maintain collections records Prepare/review initial demand letters Perform general research Prepare files for transfer to the Legal Services Department Coordinate and compile status reports for certain delinquencies Establish relationships with employer contacts Work closely with Senior Assistants in managing employer accounts and assisting in processing payments and remittance reports as needed Other duties as assigned
Skills
Bachelor’s Degree with a minimum of 15 hours in accounting credits preferred or experience commensurate with college Qualified candidates will have at least 3 years of relevant experience Experience working with Recordkeepers in correcting 401(k) account deficiencies is critical Excellent proofreading, editing, oral and written communications skills are critical Highly organized and superior attention to detail Proficiency in MSWord and Excel required Ability to juggle and prioritize multiple projects in a dynamic, fast-paced environment Excellent organizational skills to manage heavy workload are essential Proficient in V3 Proficient in factual research Previous experience with benefit administration software preferred.
Job Type: Full-time
Pay: $31.00 - $35.00 per hour
Work Location: Hybrid remote in Washington, DC 20003
Salary : $31 - $35