DescriptionThe Distributions Specialist - PP Trust has a primary responsibility to
analyze and process client initiated outgoing distributions, transfers,
and rollover requests. Communicates effectively with clients, authorized
third parties, and other entities to resolve discrepancies or follow-up on
requests. Adhere strictly to trust regulations and security standards
including our customer identification program, the Gramm-Leach-Bliley Act,
Bank Secrecy Act, Internal Revenue Code, and all other applicable banking
and trust regulation set forth by the IRS and various other regulatory
agencies. Handles work of routine nature.
RESPONSIBILITIES
Process outgoing cash transactions in the trust accounting system (ACH,
checks, and wires).
Ensure all transactions are processed accurately and according to client
instructions.
Ensure all documentation related to the cash transaction is appropriately
archived and noted in Salesforce.
Process outgoing ACAT transactions.
Ensure all vendor rejects are addressed, communicated, and resolved in a
timely manner.
Follow-up with contra-firms as needed.
Ensure all documentation related to the ACAT transaction is appropriately
archived and noted in Salesforce.
Proactively communicate with clients via phone to advise them of the status of
their request.
Quickly remediate any issues or concerns arising from the client contact.
Ensure all procedures related to client contact are adhered to.
Under the guidance of senior team members, assist in cashiering activities
related to institutional client conversions and deconversions.
Under the guidance of senior team members, develop an understanding of
complex distribution activities (roth conversions, alternative asset
re-registrations, plan distributions, and other complex processing
activities).
Other duties as assigned.QUALIFICATIONS
Demonstrated data entry skills required.
0-1-year Financial Services experience required.A reasonable, good faith estimate of the minimum and maximum base salary or
pay for this position is $19.28 to $28.92. Actual compensation will vary
based on various factors including but not limited to location,
experience, and performance. A discretionary bonus and/or business line
incentive may be provided, in addition to a medical and other benefits,
dependent on the position. For more information regarding our benefits,
please visit https://www.ppbi.com/careers.html
CA (Los Angeles applicants): Applicants are notified that the Company is
an insured depository institution subject to the restrictions and requirements
of Section 19 of the Federal Deposit Insurance Act (12 CFR 303)
("Section 19"). In accordance with Section 19, the Company will
consider an applicant's criminal history after an applicant is made a
conditional offer of employment. Qualified applicants with criminal
conviction records will be considered for employment in accordance with the
Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from
employing an applicant with criminal conviction(s) for fraud, breach of
trust, embezzlement, mishandling of money or any crime of violence may
have a direct impact on the job duties as set forth in the job description and
such convictions may result in withdrawal of a conditional offer of employment
in accordance with the Los Angeles Fair Chance Ordinance. Because of the
nature of our business, a review of your criminal history is necessary to
comply with Section 19 and to avoid substantial risk to our business
operations
#LI-MR1The contractor will not discharge or in any other manner discriminate against
employees or applicants because they have inquired about, discussed, or
disclosed their own pay or the pay of another employee or applicant.
However, employees who have access to the compensation information of other
employees or applicants as a part of their essential job functions cannot
disclose the pay of other employees or app icants to individuals who do not
otherwise have access to compensation information, unless the disclosure is
(a) in response to a formal complaint or charge, (b) in furtherance
of an investigation, proceeding, hearing, or action, including an
investigation conducted by the employer, or (c) consistent with the
contractor's legal duty to furnish information. 41 CFR 60-1.35(c)Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
