What are the responsibilities and job description for the IRA Manager position at Performance Bankers?
Who we are
We are a family-owned bank committed to providing exceptional service and innovative banking solutions while making a difference in the communities we serve. We take great pride in the relationships we built and the lives we impact. We offer the strength of a big bank combined with local decision-making and hometown involvement, setting our community bank apart from the rest.
Our mission
Our mission is to support the financial goals of individuals and businesses in the communities we call home by offering every person a better banking experience.
Our values
- Passion: We have an unrelenting drive to be great. Quality service is our #1 priority.
- Commitment: We do not shy away from accountability. We together as a team and embrace the spirit of service.
- Leadership: We are competitive leaders in our markets and a go-to source for finance and lending.
- Community: We’re proud to support each other and our local communities. We win when our customers win.
To learn more about us, visit www.firstsavingsbanks.com.
About the role
The Self-Directed IRA Manager oversees operations and real estate backed transactions involving IRAs, while ensuring top-notch customer service requirements are met. This position monitors opening and closing of accounts, account distributions, rollovers, and customer inquiries, while also ensuring compliance with all government regulators including IRS tax rules and regulations. Position supervises team of IRA administrators.
This role builds relationships with loyal customers and acts as a subject matter expert within department. Role advises customers on issues related to their accounts while remaining impartial and providing guidance within set parameters as set forth by regulators.
This role will be located in our Henderson, NV, branch. It is performed on-site.
What you will do
- Maintain and manage Bank’s IRA database, including review of documentation, daily and monthly reports and account setup.
- Supervises and supports IRA department, including day to day management, development, and performance reviews.
- Responsible for preparing monthly, quarterly, and annual reports.
- Maintains strong knowledge of up-to-date tax laws as related to IRA accounts, particularly as they may impact our customers.
- Educates clientele on all options as it relates to their account(s), while remaining impartial and staying within required laws and regulations.
- Review and prepare end of year tax documentation (1099-R, 5498) on behalf of bank, ensuring accuracy for customer tax filings.
- Strong ability to build relationships with bank customers, and educate potential customers on products and services that match their needs.
- Other duties as assigned.
What you will need
- 4-7 years’ experience servicing IRA accounts or related experience required.
- Bachelors’ degree in Accounting, Business Administration, or related field preferred.
- Managerial experience desired, not required.
- Strong ability to form strong relationships with potential customers required.
- Strong attention to detail required.
- Strong communication skills required.
What we offer
- Health Insurance
- Dental Insurance
- Vision Insurance
- Paid Vacation, Sick, and Holiday time
- A competitive 6% 401k match
- And more!
Candidate must pass a pre-employment screening including credit history and criminal record check.
Our company provides equal employment opportunities (EEO) to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.