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Financial Services Supervisor

Company: First Recruiting, LLC
Location: Oak Brook
Posted on: February 25, 2021

Job Description:

The Supervisor of Distributions and Redemptions is responsible for overseeing, monitoring and assisting with the daily work load of the Operations Group. The position will directly monitor a staff of 5 or more employees while they perform their daily tasks which include: the analysis and processing of client initiated outgoing distributions, transfers and rollover requests, supporting distribution processing for plan sponsors, and working directly with external and internal clients to resolve discrepancies on requests.Process daily review and approvals of higher dollar distribution related transactionsMentor and delegate special projects to Team Leads to assist in meeting department goals and further development of the Team Leads' leadership skillsProcess approvals for other outgoing transactions such as remittance of federal and state tax withholding, revenue sharing payments, recall of fund requests and other outgoing cash transactions as requestedMonitor individual productivity and quality of output via the benchmark process while providing feedback to team members and managementEnsure that disbursement requests and other client requests are processed within the established service levels and with the utmost accuracyMonitor and review returned checks, wires and ACHs for quality assuranceComprehensive understanding of IRA rules and regulations related to distribution transaction processingBachelor's degree in Business, Finance, or related field7-10 years of experience in retirement services, financial services or related field2-3 years of leadership experienceClear ability to lead, train, delegate to and motivate staff

Keywords: First Recruiting, LLC, Chicago , Financial Services Supervisor, Accounting, Auditing , Oak Brook, Illinois

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