Employee Trust Administrator jobs in Rockford, IL

Employee Trust Administrator administers employee benefit trust accounts. Maintains plan records and ensures compliance with federal regulations. Being an Employee Trust Administrator provides customers with objective financial advice and explains the details of their benefit trust plan. Assists with plan design and benefit distribution when necessary. Additionally, Employee Trust Administrator requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Employee Trust Administrator gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be an Employee Trust Administrator typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)

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Retirement Services Business Development Officer
  • First Mid Bank & Trust
  • Rockford, IL FULL_TIME
  • Position: Retirement Services Business Development Officer
    Location: Rockford, IL
    Job Id: 3533
    # of Openings: 1
    This position is open to anywhere within the First Mid footprint, a successful candidate will be within driving distance of a First Mid location. to view our banking locations.
    The Retirement Services Business Development Officer will play a critical role in driving the growth and expansion of our employer retirement plan service offerings. This position will be responsible for identifying new business opportunities, cultivating relationships with prospective clients, and promoting our suite of retirement solutions. This role requires a blend of strategic thinking, relationship building, and financial acumen.
    Responsibilities include, but are not limited to:
    • Responsible for business development of qualified and non-qualified retirement plans, including 401(k), 403(b), 457, profit sharing, deferred compensation, and cash balance plans established by employers.
    • Identify and research prospective clients within the target market segments, including individuals, businesses, and organizations seeking retirement planning services.
    • Initiate and maintain meaningful relationships with key decision-makers and stakeholders through proactive outreach efforts, including networking events, and cold outreach.
    • Understand the unique needs and objectives of prospective clients and provide tailored recommendations on retirement solutions that align with their financial goals and objectives.
    • Manage multiple facets of the sales process, including coordination of meetings, support materials, follow-up tasks, phone calls, proposals, presentations, closing business, etc.
    • Drive consistent and predictable profitability, and organic growth to support overall revenue goals.
    • Input accurate and timely information into client relationship management (CRM) system relative to client meetings and interactions, follow-up tasks, etc. to facilitate realistic corporate sales and revenue projections.
    • Stay abreast of retirement plan industry trends, ERISA knowledge, capital and global market news, investment products, TPA vendors, and record keeper partners to identify opportunities for innovation and differentiation within the retirement services landscape.
    • Develop relationships with internal and external centers of influence and other referral sources.
    • Conduct and document quarterly portfolio and plan investment reviews.
    • Recommend retirement plan fund offerings and changes, as needed.
    • Create, review, and update investment policy statements (IPS) for retirement plan clients on an annual basis.
    • Conduct yearly fee analysis for retirement plan clients and propose fee revisions when appropriate.
    • Obtain record keeper and/or TPA vendor proposals and serve as point person during retirement plan conversions for new and existing retirement plan clients.
    • Travel as needed.
    • Complete required training associated with job function.
    • Perform other related duties as assigned.
    Qualifications
    Education/Experience:
    • Bachelor's degree in Business Administration, Finance, Economics, or related experience. CFA designation is a plus.
    • A minimum of 5 years of experience working with qualified and non-qualified plans within the financial service industry.
    • Proven track record of success in sales or business development, preferably in the financial services industry with a focus on retirement planning.
    • Strong understanding of retirement products, investment vehicles, and financial planning principles.
    • Proficiency in CRM software, Microsoft Office Suite, and other sales productivity tools.
    Skills:
    • Demonstrated understanding of key benefit concepts related to 401(k), 403(b), 457, profit sharing, deferred compensation, and cash balance plans.
    • Excellent communication and interpersonal skills, with the ability to build rapport and credibility with clients and internal stakeholders.
    • General understanding of ERISA laws governing qualified retirement plans and the retirement plan industry.
    • Familiarity with top vendors' product and service offerings, with the ability to analyze direct and indirect costs related to plan management.
    • Strong proficiency and experience with spreadsheets and client relationship management (CRM) systems.
    • Adept with investment research focused applications, such as Morningstar, Fi360, etc.
    • Well versed in all aspects of financial and investment markets with the ability to provide meaningful and updated analysis.
    • High analytical, interpersonal, written, and verbal communication skills, with a strong client service focus
    • Strategic thinker with a results-oriented mindset and a passion for driving business growth.
    • Demonstrated success working in a team environment.
    • High standard of professionalism
    • Must be autonomous, able to multitask, and meet or exceed project deadlines.
    First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.
    THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
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    Equal Opportunity Employer

     

  • 18 Days Ago

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Customer Support Center Agent I (Bilingual)
  • First Mid Bank & Trust
  • Janesville, WI FULL_TIME
  • Position: Customer Support Center Agent I (Bilingual) Location: Janesville, WI Job Id: 3455 # of Openings: 2 The Customer Support Center Agent I Bilingual provides customer service over the telephone,...
  • 8 Days Ago

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Assistant Branch Manager
  • First Mid Bank & Trust
  • Janesville, WI FULL_TIME
  • Position: Assistant Branch Manager Location: Janesville, WI Job Id: 3519 # of Openings: 1 At First Mid, we aim to make our customers feel valued, satisfied, and understood. We will achieve this by dev...
  • 26 Days Ago

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Customer Support Center Agent I Bilingual
  • First Mid Bank & Trust
  • Beloit, WI FULL_TIME
  • Position: Customer Support Center Agent I Bilingual Location: Beloit, WI Job Id: 3516 # of Openings: 1 The Customer Support Center Agent I Bilingual provides customer service over the telephone, in En...
  • 26 Days Ago

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Customer Support Center Agent I (Bilingual)
  • First Mid Bank & Trust
  • Rockford, IL FULL_TIME
  • Position: Customer Support Center Agent I (Bilingual) Location: Rockford, IL Job Id: 3465 # of Openings: 4 The Customer Support Center Agent I Bilingual provides customer service over the telephone, i...
  • 1 Month Ago

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Universal Banker I
  • American Community Bank & Trust
  • Woodstock, IL FULL_TIME
  • DescriptionWelcome to the role of Universal Banker! In this position, you will have the opportunity to be the face of the bank, working to provide exceptional customer service and banking solutions to...
  • 1 Month Ago

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0 Employee Trust Administrator jobs found in Rockford, IL area

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Senior Human Resources Generalist
  • Generac Power System, Inc
  • Janesville, WI
  • Senior Human Resources Generalist Company Generac Power Systems Name Senior Human Resources Generalist Req # 64609 Emplo...
  • 4/26/2024 12:00:00 AM

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Locum Tenens Nurse Anesthetist (CRNA) - $100-160 per hour
  • Caliber Healthcare Solutions
  • Shirland, IL
  • Caliber Healthcare Solutions is seeking a CRNA Anesthesia for a locum tenens job in Rockford, Illinois.Be one of the fir...
  • 4/24/2024 12:00:00 AM

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Field Application Specialist - HammerHead
  • The Toro Company
  • Rockford, IL
  • Typical Starting Pay: $80,000-$105,000, plus bonuses. What Can We Give You? Medical, Dental, Vision, 401K Matching up to...
  • 4/24/2024 12:00:00 AM

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Distinguished Engineer, Card Tech Data
  • Capital One
  • Rockford, IL
  • West Creek 2 (12072), United States of America, Richmond, Virginia Distinguished Engineer, Card Tech Data Distinguished ...
  • 4/24/2024 12:00:00 AM

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Senior Principal Engineer Site Reliability
  • Dell
  • Rockford, IL
  • Senior Principal Engineer Site Reliability Dell Technologies customers rely on our products and services to drive progre...
  • 4/23/2024 12:00:00 AM

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Senior Distinguished Engineer
  • Capital One
  • Rockford, IL
  • Center 1 (19052), United States of America, McLean, Virginia Senior Distinguished Engineer Capital One is looking for a ...
  • 4/23/2024 12:00:00 AM

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Sr. Distinguished Engineer-- Card Technology
  • Capital One
  • Rockford, IL
  • Center 1 (19052), United States of America, McLean, Virginia Sr. Distinguished Engineer-- Card Technology Senior Disting...
  • 4/23/2024 12:00:00 AM

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Part-time Retail Sales Associate
  • Office Depot
  • Rockford, IL
  • Job Description At Office Depot Inc., the Retail Sales Advisor is a part-time role providing exceptional customer servic...
  • 4/23/2024 12:00:00 AM

Rockford is a city in Winnebago County in the U.S. state of Illinois, in far northern Illinois. Located on the banks of the Rock River, Rockford is the county seat of Winnebago County (a small portion of the city is located in Ogle County). The largest city in Illinois outside of the Chicago metropolitan area, Rockford is the third-largest city in the state and the 171st most populous in the United States According to 2010 U.S. Census Data, the City of Rockford had a population of 152,871, with an outlying metropolitan area population of 348,360. The City of Rockford's population is 147,051...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Employee Trust Administrator jobs
$72,144 to $103,408
Rockford, Illinois area prices
were up 1.3% from a year ago

Employee Trust Administrator in Moline, IL
An employee trust administrator is responsible for maintaining the records of the trust account for each eligible employee.
December 17, 2019
Employee Trust Administrator in Brockton, MA
The employee trust administrator is an employee benefits specialist and a member of the human resources team.
December 13, 2019
Employee Trust Administrator in Jamestown, NY
Based on our compensation data, the estimated salary potential for Employee Trust Administrator will increase 16 % over 5 years.
November 27, 2019