Job Information
Penn Community Bank IRA/Savings Specialist in Bristol, Pennsylvania
IRA/Savings Specialist Job Locations
US-PA-Bristol Job ID 2025-1865
of Openings
1
Category Deposit Operations
Overview
The IRA/Savings Specialist is responsible for maintaining the IRA/Savings portfolio duties within Deposit Services.
Responsibilities
Review all daily, weekly and monthly IRA/Savings reports. Review reports pertaining to Inactive and dormant accounts and assist with sending out all notices. Responsible for the Stale-dated Money Order and Cashier's Check process and maintaining the log. Assist with the Escheat Process Responsible for reviewing the B-Notices. Maintain all IRA documents from branches, including all new account paperwork, contributions and distributions and the handling of all mail pertaining to IRA/Savings area. Maintain all Death Notifications & maintenance of the Beneficiaries. Responsible for maintaining all CDARS through the Promontory Interfinancial Network website. Attend IRA/Savings training; participate in IRA/Savings webinars/seminars and Pension Management training sessions. Disseminate training materials to Retail Administration. Responsible for the 5498 and 1099R corrections, along with assisting with the annual survey. Interest verification accounts received in the beginning of each month. Responsible for maintaining the 1098/1099 copies for the Bank. Complete the IOLTA filing and review of all accounts listed within the product. Monitoring of the Required Minimum Distribution report in the beginning of year. Responsible for the printing and mailing of withholding letters to customers. Support the Customer Care Center and Retail Banking teams as needed with IRA/Savings-related issues or questions. Create, update, and maintain assigned policies and procedures. Assist Management with new processes and projects; strengthen internal controls and assist with other projects and duties as assigned.
Qualifications
Education and Experience High School diploma or equivalent required Minimum 2 years' banking experience in IRA/Savings or other deposit operations function Skills and Competencies Strong analytical and problem solving skills Skill in organizing resources and establishing priorities Ability to handle multiple concurrent projects in a high-pressure environment Strong in attention to details and accuracy Demonstrated experience with Microsoft Outlook, Excel, and Word Exceptional customer service skills Ability to communicate and interact well with Team Members, customers, and vendors
It is the policy of Penn Community to provide equal employment and advancement opportunities to all individuals. For this reason, employment decisions at Penn Community will be based on merit, qualifications, and abilities. Except where required or permitted by law, employment practices will not be influenced or affected by an applicant's or Team Member's race, color, religion, sex, national origin, age, sexual orientation, physical or mental disability, veteran status, or any other characteristic protected by law.