Nova 401(k) Associates is seeking an experienced leader to head our Annual Distributions Team, a pivotal role in our organization. As the Annual Distributions Team Leader, you will be at the forefront of ensuring we meet regulatory deadlines for processing required distributions while managing the department's operations effectively.
To excel in this role, you must possess a superior working knowledge of ERISA. Your expertise should encompass a wide array of distribution requests including required minimum distributions (RMD)s, involuntary distributions, corrective distributions and loan defaults. In addition, you should demonstrate the ability to comprehend and interpret upcoming regulations that impact the retirement industry.
Your role will also involve identifying and addressing escalated issues, providing mentorship and guidance to staff, and working with other departments at Nova, including our automation department, to develop and implement enhancements to our existing processes.
If you are ready to take on a leadership role that combines your experience, passion for ERISA, and dedication to professional development, we want to hear from you. Join our team and make a meaningful impact in the world of retirement plan distribution.
Job Responsibilities:
- Manage 8-10 staff members
- Champion Nova 401(k) Associates values and policies
- Ensure client and participant satisfaction throughout the distribution process
- Manage the team to meet Nova's overall service standards and regulatory deadlines
- Monitor team productivity through daily report generation
- Develop reports for senior management
- Assist in training and mentoring of junior staff members throughout the year
- Manage daily inflow and outflow of annual distribution requests
- Improve existing processes and assist in developing new processes as needed
- Keep current with new regulations and proposed legislation as well as an awareness of proposed legislation surrounding loans and distributions
- Perform other related duties as required
- Complete performance reviews in a timely manner
- Attend Nova’s leadership & development training in Houston (or other location)
Qualifications:
- Bachelor’s degree required
- A minimum of five years of management experience in a fast-paced & high-volume environment
- Relevant industry experience processing or reviewing 401(k) loans/distributions
- Comfortable working online
- Excellent written and verbal communication skills and customer service skills
- Ability to maintain confidential information
- Superior organizational skills
- Proficiency with MS Excel and MS Word
- Flexibility, adaptability, and ability to multi-task
- Clean background check
- ASPPA/NIPA industry credentials a plus
Compensation and Benefits:
- Base Salary $90,000-$115,000
- Salaried, non-exempt
- Medical, dental, disability, and life insurance
- Paid time off
- 401(k) plan with employer match
Work Location/Hours:
- Work from home
- Must work from USA and be authorized to work for any US employer
- We will supply all necessary computer equipment
- You may choose a start time between 7:30 am and 8:30 am
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What We Do
Nova 401(k) Associates provides third party administration services for 401(k) plans and actuarial services for defined benefit and cash balance plans. In this dog-eat-dog world, we give clients and financial advisors the resources and knowledge they need to make informed decisions and run retirement plans successfully.
At Nova 401(k) Associates, we understand your 401(k) plan is a small part of your business. And while your 401(k) plan may seem like a little detail, if you either don’t structure your plan correctly or aren’t proactive in managing it, your 401(k) plan can become a big headache. We fully understand the ins and outs of the 401(k) industry, so we don’t waste your time or money when it comes to creating an efficient 401(k) plan.
The best way for us to serve our clients, is to understand their business. It’s the only way we can tell you what you need to know. Our account managers are skilled at listening to clients and asking the right questions to get to the client’s real goals, issues and problems, so that we can correctly consult without making inaccurate assumptions.
When it comes to 401(k) plan expertise, we cut through the clutter and spare you the information overload. Our account managers are critical thinkers and understand the importance of clear, consistent communication. They talk to our clients and partners in a language they understand. At Nova 401(k) Associates, we offer actionable solutions instead of theoretical approaches
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