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GWIM Sr Operations Analyst

Company: Bank of America
Location: Pennington
Posted on: November 22, 2021

Job Description:

Job Description:The Retirement Onboarding and Operations teams within Wealth Management Operations provide onboarding, plan maintenance and operational support for Institutional and Personal Retirement clients for product lines offered through Retirement & Personal Wealth Solutions (RPWS).The 401(k) Payroll Processing team within Retirement Onboarding and Operations is responsible for administering 401(k) plans for a large number of employers, including many Fortune 500 companies.-- This role will report directly to a payroll processing manager and work closely with Customer Service Managers (CSM), Plan Sponsors (PS), and management to support 401(k) inbound payroll processing functions.Team members should expect to learn the 401(k) product as well as the skills needed to build a strong foundation for a career in financial services.-- GWIM Operations Analysts work in a team environment,--assisting internal partners to facilitate requests originated by 401(k) participants and by plan sponsors of the companies we service.--Role includes, but is not limited to:--

  • Receive and process incoming 401(k) payrolls to include contribution and loan repayments
  • Correct incoming files to account for plan rejects
  • Work directly with the existing Plan Sponsors, CSM, and related supporting areas
  • Monitor assigned plans as a scheduledJob Band:H6Shift:--1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 --> Job Description:The Retirement Onboarding and Operations teams within Wealth Management Operations provide onboarding, plan maintenance and operational support for Institutional and Personal Retirement clients for product lines offered through Retirement & Personal Wealth Solutions (RPWS).The 401(k) Payroll Processing team within Retirement Onboarding and Operations is responsible for administering 401(k) plans for a large number of employers, including many Fortune 500 companies.-- This role will report directly to a payroll processing manager and work closely with Customer Service Managers (CSM), Plan Sponsors (PS), and management to support 401(k) inbound payroll processing functions.Team members should expect to learn the 401(k) product as well as the skills needed to build a strong foundation for a career in financial services.-- GWIM Operations Analysts work in a team environment,--assisting internal partners to facilitate requests originated by 401(k) participants and by plan sponsors of the companies we service.--Role includes, but is not limited to:--
    • Receive and process incoming 401(k) payrolls to include contribution and loan repayments
    • Correct incoming files to account for plan rejects
    • Work directly with the existing Plan Sponsors, CSM, and related supporting areas
    • Monitor assigned plans as a scheduledJob Band:H6Shift:--1st shift (United States of America)Hours Per Week:40Weekly Schedule:Referral Bonus Amount:0 Job Description: The Retirement Onboarding and Operations teams within Wealth Management Operations provide onboarding, plan maintenance and operational support for Institutional and Personal Retirement clients for product lines offered through Retirement & Personal Wealth Solutions (RPWS).The 401(k) Payroll Processing team within Retirement Onboarding and Operations is responsible for administering 401(k) plans for a large number of employers, including many Fortune 500 companies.-- This role will report directly to a payroll processing manager and work closely with Customer Service Managers (CSM), Plan Sponsors (PS), and management to support 401(k) inbound payroll processing functions.Team members should expect to learn the 401(k) product as well as the skills needed to build a strong foundation for a career in financial services.-- GWIM Operations Analysts work in a team environment,--assisting internal partners to facilitate requests originated by 401(k) participants and by plan sponsors of the companies we service.--Role includes, but is not limited to:--
      • Receive and process incoming 401(k) payrolls to include contribution and loan repayments
      • Correct incoming files to account for plan rejects
      • Work directly with the existing Plan Sponsors, CSM, and related supporting areas
      • Monitor assigned plans as a scheduled Shift:1st shift (United States of America) Hours Per Week:--40

Keywords: Bank of America, Trenton , GWIM Sr Operations Analyst, Professions , Pennington, New Jersey

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