Hybrid Associate, Trust Operations (Retirement Plan Distribution) - Temporary at Oriental Bank

The Associate, Trust Operations (Retirement Plan Distribution) is responsible for the preparation and processing of retirement plan distributions, including Keogh, Pension, 401(k), and non-qualified tax-deferred compensation plans. Position will be temporary (6 months) and working hybrid based in San Juan, PR.

Main Duties & Responsibilities:

• Distribution Processing: Prepare and process retirement plan distributions, ensuring accuracy and compliance with plan rules and regulations.
• Documentation: Maintain accurate and up-to-date records of all distribution transactions.
• Compliance: Ensure all distributions comply with applicable regulations and guidelines, including tax withholding and reporting requirements.
• Participant Communication: communicate, from time to time, with plan participants to provide information and assistance regarding their distributions.
• Problem Resolution: Address and resolve any issues or discrepancies related to distributions in a timely manner.
• Reporting: Prepare regular reports on distribution activities and status for supervisor review.
• Collaborate with internal teams to ensure alignment with client objectives and regulatory requirements. 
• Stay abreast of industry trends, legislative changes, and best practices to serve as a knowledgeable resource for clients.
• Other duties may be assigned. 

Minimum Requirements:

• Bachelor’s degree in Business Administration, Accounting or related field required.
• One (1) year of experience in accounting or payment processing required. Banking experience preferred.
• Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge skills and abilities.
• Proficiency in MS Office (Word, Excel, Outlook), reporting systems and other business applications required.
• Good written and verbal communication skills in Spanish & English required.
• Excellent interpersonal skills, multitasking, teamwork, and ability to work effectively with clients is required.
• Strong attention to detail, organizational skills, and accuracy in work required. 

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WORK AUTHORIZATION & ELEGIBILITY:

• Legally authorized to work in the US is required. This position is of indefinite duration and requires candidates to have permanent or ongoing work authorization.
• Employee is responsible for maintaining eligible work authorization throughout his tenure with the organization.

Oriental is an Equal Opportunity Employer (EEO/Affirmative Action for Veterans/Workers with Disabilities)

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