Specialized Fiduciary Officer I (SFO I), Retirement Plans

Job Description:

At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients teammates communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed build a career and contribute to our shared success. This includes attracting and developing exceptional talent recognizing and rewarding performance and supporting our teammates physical emotional and financial wellness through affordable competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service community college education or a wide range of work and life experiences. These journeys foster resilience leadership and innovation strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration engagement and career development. Our approach includes clear in-office expectations while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!

Specialized Fiduciary Officer I (SFO I) Retirement Plans Private Banking -

Specialized fiduciary officer providing support to defined contribution plans. Primary task will be to support and coordinates related trust activities with business partners (internal and external) i.e. human resources accounting participant recordkeeping etc. Job expectations include having working knowledge of accounting fiduciary regulations and Microsoft Office.

Job tasks include: processing daily accounting entries related to fund trades money movement DDA accounts GL accounts wire transfers benefit payment funding and involves identifying discrepancies investigating the causes and completing/reporting results to ensure consistency and accuracy. Supports and coordinates related Trust activities with business partners (internal and external) i.e. human resources participant recordkeeping auditors etc.

Qualifications

• Candidate must have formal accounting education/background and reconciliation knowledge.
• Employee benefit (ERISA) payment knowledge.
• Proficient in EXCEL WORD and Outlook
• PACE WMO BOSS and OnDemand knowledge.

Non-licensed associate

Skills:

• Attention to Detail
• Customer and Client Focus
• Risk Management
• Administrative Services
• Issue Management
• Prioritization
• Problem Solving
• Active Listening
• Process Simplification

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

For internal employees: participation in a work from home posture does not make you eligible to post.

Shift:

Hours Per Week: