Retirement Reconcilations Analyst II

WHO ARE WE: Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration, innovation, adaptability, and an entrepreneurial spirit at all levels of our company. By consistently seeking improvements and growth, we foster long-term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

CORE VALUES: Passion for Excellence :: Success is Never Final :: Do the Right Thing :: One Alerus

ABOUT THE ROLE:

The Retirement Reconciliations Analyst II is responsible for trade settlement and money movement between Alerus Retirement and Benefits (ARB) and various trading partners. Reconciling accounts for retirement trust, health & welfare, recordkeeping and trade systems. Will have strong system and regulatory knowledge enabling them to understand all aspects of the department and be able to work quickly and accurately in a fast-paced environment.

WHAT YOU'LL BE DOING:

• Primary point of contact for settlement.
• Perform follow-up research to ensure transactions, trades, funds & plans settle promptly and in balance.
• Collaborate with ESOP administrative team for timely transaction posting and wire/ACH requests.
• Daily money transfer approval and postings.
• Reconcile and submit recons on a monthly, quarterly, and annual basis.
• Actively participant in team meetings by providing insight, contributions, and feedback.
• Create, update, and maintain written procedures in Alerus procedure (R&R) database.
• Identify and assist to implement process improvements that enhance the client experience and build scale.
• Maintain and advanced level of knowledge encompassing all systems and processes that pertain to the position.
• Maintain compliance knowledge of regulations, policies, and procedures.

WHAT YOU SHOULD HAVE:

• Bachelor's degree in accounting, finance, business, or equivalent related experience.
• 3-5 years of experience in retirement operations or related area.
• Knowledge of retirement and recordkeeping systems and recordkeeping operational functions.
• Ability to interact and collaborate with employees, business sponsors, and customers.
• Efficient in Microsoft Excel including formulas, pivot tables, and functions.
• Proven record of working in a fast-paced environment while managing multiple tasks and deadlines without supervision.
• Ability to work independently while supporting a collaborative and team orientated environment.
• High attention to detail.
• Exceptional organizational skills, problem-solving ability and high attention to detail.

WHAT WE BRING TO THE TABLE:

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave.
• Learning and development resources for personal and professional career development, and advancement opportunities.
• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.

WORK ENVIRONMENT: Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally, the employee must occasionally lift or move supplies and materials up to 20 pounds.

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties, and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.