At D.A. Davidson Companies, we identify and evaluate market trends, investment ideas and business opportunities, and turn them into actionable insights and strategies. Founded in 1935 as a small brokerage firm, D.A. Davidson has grown into a diversified financial services company comprised of seven distinct business units across the U.S. Through the years, our most important service has remained consistent: a personalized approach that reflects the individuality of each of our clients. As part of an employee-owned company, each of our associates has a unique perspective of success. We believe in doing what is right for our clients and are empowered to deliver high-impact solutions. We are with our clients every step of the way—leveraging our nationally-recognized research, capital markets and investment banking expertise, and a robust network of financial advisors. Clients not only benefit from our expansive platform of solutions and services, but also from strong values rooted in tradition and a deep sense of responsibility to our communities.

Operations Associate – IRA Administrator

OperationsOperationsFull TimeRemoteTeam 1,001-5,000Since 1935H1B No SponsorCompany Site LinkedIn

Location

Montana

Posted

43 days ago

Salary

$21 - $28 / hour

High SchoolEnglish

Job Description

• Process IRA contributions, rollovers, conversions, transfers, excesses and re-characterizations into and between accounts in an accurate and timely manner and in accordance with IRS regulations; review requests to move cash or securities in client accounts and ensure regulatory and firm requirements are met; follow up on open issues until resolved; seek supervisory approval in unknown areas of expertise. • Post manual deposits to IRA accounts in BETA, scan the checks received for bank deposit. • During fee season, receive and post IRA fee checks. Balance checks received with BETA reports and scan for bank deposit. • Process TRAX IRA distributions from and between accounts according to client requests and set guidelines defined by the IRS and the firm. • Process deceased IRA distributions. Establish Tax Reporting accounts for Beneficiary IRAs • Process state and Federal IRA tax payments daily, semi-weekly, monthly, and quarterly. • Balance General ledger accounts for each state monthly. • Remain current on IRA rules and regulations and how they pertain to corporate policy and industry standards; must be able to understand the impact of the changes in the rules and regulations upon IRA processing, tax reporting and back-office system requirements. • Review reports and forms at tax time; reconcile account information to ensure the accuracy of forms filed with the IRS. Identify and communicate any differences. Follow through to resolution, issue corrected tax documents if necessary. • Approve IRA account applications manually and on TRAX; review forms for accuracy; communicate missing or incomplete paperwork; review beneficiary information. • Approve TRAX IRA ACH requests to ensure monies are sent to the proper accounts in an accurate and timely manner as well as check for required signatures. • Review department reports to find and correct IRA reporting errors. • Issue acceptance letters for direct rollovers requested by clients. • Assist HR with ESOP transfers. Open pass-through accounts, journal shares, issue checks or journal funds as requested. • Back Up for Cash Management. • Perform other duties as necessary.

Job Requirements

High School diploma or comparable work experience; AA degree in accounting preferred
Ability to operate a computer and adding machine.
Strong calculator and computer skills to include Microsoft Outlook, Word and Excel
Strong organizational skills and attention to detail
Familiar with department policies and procedures
Strong knowledge of the back-office system and general accounting principles (what is a debit, what is a credit)
Excellent knowledge of Traditional IRAs, Roth IRAs and SEP IRAs and the IRS rules and regulations that apply to them or willingness to learn IRA rules and regulations.
Follow policies and procedures; maintain client confidentiality.
Communicate in a clear and service-oriented manner; use appropriate, professional language and grammar to effectively exchange ideas and information.
Ability to proactively work with both external and internal clients; relate with others in a professional manner in order to accomplish work responsibilities and objectives.
Ability to maintain regular, predictable attendance.

Benefits

Company 401(k) and ESOP contribution
Generous sick, vacation, and maternity/parental leave
Paid holidays
Professional Development Opportunities
Discounted personal insurance including home, auto and recreational vehicles
Charitable gift-matching program
Davidson Day of Giving – Our tradition of positively impacting communities in which we live and work.