Redemptions Associate

Finance Edison, New Jersey


Description

COMPANY DESCRIPTION:

Foresters Financial is a financial services firm with administrative and operations offices located in Edison, NJ and on Wall Street as well as regional sales offices located nationwide.


ESSENTIAL DUTIES:

  • Evaluate incoming transactional requests against established criteria
  • Process requests via proprietary computer record keeping system
  • Quality review processed work and assess for accuracy
  • Maintain active file for pended transactions and execute dynamic follow-up activities to achieve “good order”
  • Contribute to department reporting by tracking activities/statistics
  • Cross-train in other department functions as skills/interest/opportunity allow


WHAT YOU WILL LEARN:

  • Regulatory considerations governing mutual fund redemptions and exchanges
  • Characteristics of various retirement products including IRAs and 403(b)s
  • Relevant properties of non-retirement account registrations including trusts, UTMA/UGMA custodial accounts, JTWROS and TEN COM.
  • Tax ramifications of distributions including reporting obligations and corresponding tax forms
  • Special distributions including required minimum distributions, 72t SEPP distributions and qualified plan loans
  • Specifics of handling death claim requests


EDUCATIONAL REQUIREMENTS:

  • High School Diploma required
  • College degree or equivalent work experience preferred.


EXPERIENCE AND BACKGROUND REQUIREMENTS:

  • Capable in Microsoft Word and Excel
  • Excellent attention to detail
  • Self-starter with the ability to prioritize
  • Strong organizational / analytical skills
  • Ability to work overtime as necessary


Foresters Financial is an Equal Opportunity Employer