Job Summary
American Trust Custody offers best-in-class custody and trust solutions to financial advisors, institutions, asset managers, and benefits adminstistrators across the United States.
As a member of the company’s Individual Retirement Account (IRA) Services Team, the Customer Service Representative will collaborate closely with our Account Administration team to provide a high level of customer service in the facilitation of terminating inactive defined contribution retirement plans and transitioning participants into IRAs. The Customer Service Representative also supports American Trust Custody’s involuntary rollover product.
Responsibilities
- Answer incoming participant phone calls and resolve or escalate participant questions and concerns
- Work with our Admin team to identify inactive and potentially abandoned plans
- Locate and update plan and participant records in collaboration with the recordkeeper and Admin team
- Perform participant searches using LexisNexis and third party search engines
- Calculate benefit payments to participants and beneficiaries
- Communicate payment rights and options to participants via written/oral correspondence
- Review, monitor, and distribute necessary required paperwork
- Assist with the distribution of benefits
- Help prepare policy and procedures for the IRA call center and IRA processing
Skills/Abilities
- Ability to handle a high call volume (up to 60+ calls per day), while maintaining a high level of customer service and representing the company and its services professionally and with polish
- Ability to manage multiple tasks simultaneously and thrive in a fast-paced envionmnet
- Ability to act in a consultative fashion and offer creative ways to address needs
- Ability to work with other team members in solving complex customer requests and completing all tasks on time
- Basic computer literacy (Microsoft Office suite and Adobe), with the ability to quickly learn new systems, navigate digital tools, and troubleshoot basic technical issues independently
- Excellent math and analytical skills including use of Excel
- Experience in writing policies and procedures
Preferred:
- Experience in serving the retirement industry through record keeping, administration, custody, or equivalent services
- IRA Specialist certification and understand tax rules, escheatment, beneficiary rules, and other IRA regulations