Manager, Retirement Plan Services

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JOB FUNCTION / SUMMARY:

The Manager of Retirement Plan Services (RPS) is responsible for the management and administration of Retirement Plan Services as well as for the overall strategy development, client relationship management (administration), compliance with ERISA rules and regulations, and bank policies and procedures. A major focus of this position is to drive revenue through new client acquisition and retention management.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Participates in business line strategic development and executes strategic initiatives for Retirement Plan Services
• Develops and implements policies, procedures and programs of the Retirement Plans Services.
• Responsible for collaborating with 3rd party administrators to develop new products and services to differentiate Retirement Plan Services to attract new clients and enhance current relationships.
• Manages relationship management activities including conducting relationship, investment and plan reviews with clients to ensure a high level of client satisfaction, relationship/revenue retention and profitability.
• Formulates and implements Trust business development plans within established Bank markets, working with other areas of Trust as well as Bank partners.
• Exercises the authority of a manager concerning staffing, performance evaluations, promotions, salary recommendations, and terminations within Retirement Plan Services.
• Ensures external regulations and internal policies and procedures of the Trust Department are followed in the administration of client accounts.
• Manages team's client calling activities through active Salesforce usage and retention efforts through close supervision of At-Risk reports.
• Maintains high level of engagement with Retirement Plan Services clients.
• Serves as senior member within the line of business providing technical expertise and guidance to the entire team.
• Works with ITS Director to evaluate and manage existing/potential record-keepers, vendors and other relationships
• Represents trust department in regional and community activities and/or on boards and committees related to business or charitable institutions for which the trust department provides a service.
• May be responsible for coordinating activities with other trust business units within the region and community.
• Manages and develops new business for large and complex relationships
• Participates in the sales process by serving as a subject matter expert in the designated product line, including participation in creating responses to RFPs and presentations to decision makers including Boards of Directors, CEOs, CFOs
• Keeps current with all developments, applicable laws and regulations within designated field and provides advice to assigned staff and other more junior administrators, investment officers and/or business development officers as necessary
• Analyzes, studies, and gains full understanding of governing documents.
• Advises management and members of the trust administrative committee on questions regarding the acceptability of new business
• Reviews, approves and directs required daily administrative functions performed by Trust Administration team members in accordance with the governing document, applicable law or client written requests or instructions

SUPERVISORY RESPONSIBILITIES:

Responsible for the overall direction, coordination and evaluation of a team of associates, carries out supervisory responsibilities in accordance with the organization's policies and applicable laws; Responsibilities include interviewing, hiring, and training associates; planning, assigning, and directing work; appraising performance; rewarding associates and enforcing policy and procedure; addressing complaints and resolving problems.

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

• Bachelor's Degree in Business Administration, Finance, or related field
• 12 years of Trust Administration and management experience to include exposure to all facets of Retirement Plan sales, business development, and relationship management preferred
• An equivalent combination of education, training and/or experience may be considered.
• Advanced knowledge of Trust administration and operations required.
• Thorough understanding of advanced investment concepts such as asset allocation, diversification and investment fund types, as well as the banking industry and operations.
• Advanced knowledge of regulations applicable to the trust industry.
• Detail orientated with strong analytical skills

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

• Ability to travel if required to perform the essential job functions
• Ability to work under stress and meet deadlines
• Ability to operate related equipment to perform the essential job functions
• Ability to read and interpret a document if required to perform the essential job functions
• Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an "undue hardship" then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.