Remittance Specialist - Rochester - Daybright Financial

    Daybright Financial
    Daybright Financial Rochester

    2 days ago

    $45,000 - $85,000 (USD) per year *
    Description

    Company Overview

    Daybright Financial is one of the nation's largest independent, privately held firms specializing in employee benefits, retirement plans, and all their associated compliance needs. Since 2008, we have grown by acquiring over 60 local and national firms that have been trusted members of their communities for decades. We hold the coveted "Best Places to Work - USA" certification and serve more than18,000 employer groups and 3.6 million plan participants nationally in the K-12, Corporate and Government markets.

    Scroll down to find the complete details of the job offer, including experience required and associated duties and tasks.

    For more information about Daybright Financial, please visit our website: are currently seeking a full-time Remittance Specialist to join our Public Sector Solutions Segment located in Rochester, NY within our OMNI & TSACG Compliance Services team.

    On-site training is required for the first 6 months. Successful completion of training may result on hybrid work opportunities. We offer competitive pay, generous PTO, expansive benefits and much more

    Join a people-centered team who are focused on helping the public, non-profit and private sectors take care of both the health and financial wellness of their #1 resource – their people, enabling communities to be served and organizations to grow.

    Job Description

    Remittance Specialists are responsible for processing payroll files with participant contributions, handling incoming and outgoing communication via phone and email, solving client issues, and assisting other team members.

    The ideal candidate will be reliable, professional, detailed, and have strong commitment to working as a team.

    Responsibilities

    • Prepare Excel payroll files from clients for disbursement of funds to service providers.
    • Communicate regularly with payroll staff via phone and email to ensure accurate data is exchanged and any errors corrected. Specialists must provide timely response with clients, and quick problem solving.
    • Work in partnership with banking specialists to support assigned clients.
    • Process payroll files through database
    • Review reports for inaccuracy and contact clients for clarification as needed.
    • Send, track, and follow-up on correspondences from clients and participants.
    • Resolve complex issues that require research and investigation.
    • Input data into system platforms and keep records updated.
    • Communicate effectively at various levels within the company and clients alike.
    • Regularly attend department and company meetings and training sessions.
    • Receive and process files in preparation for distribution of funds (Elective and Non-elective Funds).
    • Research and correct exceptions/differences identified through validation process.
    • Process checks (two check-runs per week)
    • Communicate via email and phone with clients to ensure appropriate notification and completion of files processed.
    • File and other administrative duties as needed.

    Job Qualifications

    • Must have good communication skills and attention to detail.
    • Proficiency in Microsoft Outlook, Excel, Word and QuickBooks are required.
    • Working knowledge of file directory structure to be able to move, copy, and paste files.
    • Excellent communication and organizational skills.
    • Ability to work well under pressure and meet deadlines in a fast-paced environment.
    • Strong sense of urgency.

    Education And Experience

    • Associate or bachelor's degree, preferred.
    • Minimum of 2 years' work experience in the financial, pension, and/or retirement industry.
    • Benefits administration experience a plus.
    • Ability to read, write and communicate 403(b)/457(b) IRS guidelines, policies, and procedures to participants.

    ADDITIONAL COMPETENCIES

    Mathematical Skills

    • Ability to understand and calculate mathematical concepts of addition, subtraction, multiplication, and division – especially confirming payroll deductions for the participant.
    • Ability to audit and cross reference data.

    Physical Demands

    • Ability to sit for extended periods, talk, listen, walk, grasp, type, and perform data entry.
    • Reasonable accommodations may be made to enable individuals with disabilities to perform
    • essential functions.

    Work Environment

    • Office setting.
    • Work hours are 7:30 a.m. – 4:00 p.m., Monday through Friday. xhmxlyz
    • Must have the ability to work independently under minimal supervision in a fast-paced, demanding environment.
    * This salary range is an estimation made by beBee
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    Remittance Specialist

    Daybright Financial

    Company Overview · Daybright Financial is one of the nation's largest independent, privately held firms specializing in employee benefits, retirement plans, and all their associated compliance needs. Since 2008, we have grown by acquiring over 60 local and national firms that hav ...

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