Loans & Distributions Specialist, (ARPS)

1 hour, 10 minutes ago
Full-time
Mid Level
Operations
Strongpoint Partners

Strongpoint Partners

Strongpoint Partners is a leading provider of third-party administration of retirement plans and outsourced HR and payroll solutions for small and medium-sized businesses. They offer personalized design, service, and support to help clients achieve the...

Insurance
11-50

Description

  • Coordinate and process participant loan and distribution requests for qualified retirement plans accurately and efficiently.
  • Communicate with plan sponsors, participants, recordkeepers, and internal teams about loan and distribution activity.
  • Review loan applications and prepare promissory notes and amortization schedules.
  • Track requests from initiation through completion and resolve processing issues as needed.
  • Maintain accurate documentation and transaction records while ensuring compliance with plan provisions and regulatory requirements.
  • Assist with plan termination distributions and automatic rollover processes.
  • Work across multiple retirement plan recordkeepers and brokerage platforms to facilitate processing.
  • Support internal teams with participant and operational inquiries related to loans and distributions.
  • Ensure all processing adheres to ERISA guidelines and retirement plan regulations.
  • Identify opportunities to improve processes and operational efficiency.

Requirements

  • Proven experience processing loans and distributions for qualified retirement plans.
  • Strong understanding of ERISA rules and regulations related to retirement plan loans and distributions.
  • Familiarity with multiple retirement plan recordkeepers and their loan/distribution procedures.
  • Experience with plan terminations and automatic rollover processes preferred.
  • Proficiency in Microsoft Excel, Outlook, and Microsoft 365.
  • Familiarity with Ft. William Plan Documents and Compliance Systems is a plus, but not required.
  • Strong attention to detail and ability to perform accurate basic math calculations.
  • Excellent organizational and documentation management skills.
  • Strong written and verbal communication skills.
  • Ability to manage multiple priorities independently in a deadline-driven environment.
  • Prior retirement industry experience and direct exposure to qualified plan loan and distribution processing is strongly preferred.

Benefits

  • Hybrid and remote workplace options available for many roles.
  • Competitive paid time off, including flexible and unlimited options.
  • Health, dental, vision, life, and disability coverage.
  • Incentive bonus programs.
  • Flexible hours.
  • Support for ongoing learning and career development.
  • Inclusive culture that values diversity, collaboration, and respect.

Interested in this position?

Apply directly on the company website

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