What are the responsibilities and job description for the Outgoing Funds Specialist position at IRA Financial?
Job Overview
The Outgoing Funds Specialist is responsible for managing and processing outgoing payments and fund transfers for the organization. This position involves ensuring accuracy and compliance in all outgoing financial transactions, coordinating with various departments and external partners, and providing exceptional service to ensure timely and efficient payment processing.
Job Structure Details
The Outgoing Funds Specialist is responsible for managing and processing outgoing payments and fund transfers for the organization. This position involves ensuring accuracy and compliance in all outgoing financial transactions, coordinating with various departments and external partners, and providing exceptional service to ensure timely and efficient payment processing.
Job Structure Details
- On-Site, Sioux Falls, SD
- Full Time, Monday-Friday, no nights or weekends
- Non-Exempt/Hourly
- Health, Dental, Vision Insurance
- 401(k) Employer Contribution of 4%
- Time Off - PTO, Volunteer Time, and 13.5 Holidays
- Parental Leave
- Paid 30 Minute Lunch
- Catered lunch every Monday
- Monthly 15-minute massage
- Oversee and execute the processing of outgoing payments, including wire transfers, ACH transfers, checks, and other methods of fund disbursement.
- Manage and process distribution requests for various types of IRAs. Ensure all distributions are executed accurately and in accordance with client instructions and regulatory requirements.
- Ensure all transactions are accurate and processed in a timely manner.
- Verify and reconcile outgoing payments against account statements and transaction records.
- Address and resolve any discrepancies or issues that arise during the transaction process.
- Address client inquiries and concerns related to their account promptly and professionally.
- Maintain accurate records of all outgoing funds transactions.
- Maintain up-to-date knowledge of IRA rules and regulations.
- Work closely with internal teams to ensure seamless experience for clients and support overall business objectives.
- Other tasks as assigned by management.
- Bachelor’s degree in business, finance, accounting, or a related field (or equivalent work experience).
- Previous experience in financial services, particularly in IRA administration or retirement accounts, preferred.
- Commitment to delivering exceptional customer service.
- Previous experience with financial software, databases, and Microsoft Office Suite products.
- Strong verbal and written communication skills.
- Excellent attention to detail and accuracy.
- Ability to prioritize tasks and manage time effectively.