Distribution Specialist
Distribution Specialist
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Job Description
About Us:
HUB is the 5th largest global insurance and employee benefits broker providing a broad array of property casualty risk management life and health employee benefits investment and wealth management products and services. With over 18000 employees in 600 offices throughout North America HUB has grown substantially in part due to our industry leading success in mergers and acquisitions.
TCG a HUB International Company manages retirement accounts chiefly for the publicsector. Our clients are mostly school districts who use us to manage the retirement accounts for their employees. TCG is responsible for ensuring that plans comply with federal laws and regulations and our clients hire us to make sure that all of the money moving into and out of these accounts does so in accordance with those federal regulations.
BRIEF DESCRIPTION / OVERVIEW:
We are looking for a motivated individual to join our Distribution Processing Team! Experience with the material is preferred but not required. We are willing to train up the right individual. Eagerness to learn and attention to detail are a must. The Distribution Processor serves as a point of contact for the participants and school district handling a variety of tasks for both internal and external employees and partners such as written communications client contact management and incoming distributions processing. We encourage career development and opportunities are available.
RESPONSIBILITIES:
Assist relationship manager in processing 403(b) 457(b) 401(a) and FICA Alternative retirement plans
Process loans hardship withdrawals death claims rollovers and cash payments distributions
Review plan distributions and determine eligibility based on plan design and regulations
Coordinate with internal relationship manager to resolve problems relating to information or payments
Maintain understanding of applicable rules regulations and polices governing 403(b) 401(a) 457(b) and FICA Alternative retirement plans
Maintain strong communication with school district officials for participants eligibility
Reconcile payment amounts and documentation with custodian banking team
Process required minimum distributions and maintain knowledge of IRS requirements
Review documents for authenticity and accuracy and processes requests relating to assigned benefit programs
Process all distributions and meet distribution deadlines (both individual and team deadlines)
Provide account statements when needed
May verify the legitimacy of beneficiary designations and finalizes payments for death claims for members/retirees including those with specialized issues such as QDROs
Send letters/email communication with the associated reason in reference to declination missing information and appropriate forms when needed
Assist in the check file process
Assist in providing 1099 records or corrections
QUALIFICATIONS & SKILLS:
Proven experience in the areas of customer service strong communication skills (verbal & written) and willingness to learn.
Preferred knowledge of retirement accounts: 403(b) 457(b) 401(k) 401(a) FICA Alternative.
College Degree or comparable industry experience is preferred.
General knowledge of computer applications Microsoft Office Gmail Adobe Acrobat.
Highly skilled at time management and prioritization of responsibilities.
Ability to handle multiple tasks simultaneously with a high degree of accuracy.
JOB CLASSIFICATION & ADDITIONAL INFORMATION:
Job Classification: FullTime
Pay Rate: $18/hour
Position hours are 8am 5pm Monday Friday.
Benefits:
Medical Dental & Vision insurance
Generous PTO
Team Appreciation Day
Free drinks and snacks stocked in the break room
HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity national origin religion age color sex sexual orientation gender identity disability or veterans status or any other characteristic protected by local state or federal laws rules or regulations.
We endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact the recruiting team. This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
