IRA Associate - Wealth Management

Commerce Trust Wealth Management Ira AssociateBuilding a career at Commerce is more than just steps on a ladder. It's about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn't stop there.

Our culture is about our people, the ones in our communities and the ones that work with us.Here, you'll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You'll have the space and resources to grow into the best version of yourself. Because our number one investment is you.Creating an award-winning culture doesn't come easy.

And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let's talk.The main purpose of this job is to provide servicing and processing for time sensitive, high risk transactions for internal Private Client Advisors.Essential FunctionsBuild and maintain relationships with Private Client Advisors and ensure a timely, complete and accurate processing of IRA transactionsDeliver support and resolutions that meet goals of the advisorsWork closely with and provide customer service for Private Client Administrators to facilitate all distributions related to the IRA product offeringReceive notification from the Private Client Administrators along with the information needed to facilitate IRA distributions; process normal and premature distributions, distributions due to death, internal transfer distributions, and transfers to an outside custodianProcess state and federal withholding; ensure all compliance requirements have been met and all processing and coding is complete, timely, and accurateEnsure appropriate controls are in place for all processes related to the IRA product offering; responsible for identifying accounts with clients reaching their required minimum distributionCollaborate with the Private Client Advisors to mail Required Minimum Distribution (RMD) letters to the clients identified and reviewing reports to review accounts that have not satisfied their RMD; gather missing account information such as date of birth, date of death, and beneficiaries.Work closely with other members of the team to assist/backup during high volumes or absencePerform other duties as assignedKnowledge, Skills & Abilities RequiredBasic knowledge of the IRA fieldExcellent customer service skillsAbility to resolve problems and identify and drive process improvementsAbility to thrive in a fast-paced team environment while maintaining a high level of accuracyMotivated and organized self-starter with strong attention to detail and the ability to manage multiple prioritiesInquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skillsAbility to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core ValuesIntermediate level proficiency with Microsoft Word, Excel, Teams, and OutlookEducation & ExperienceBachelor's degree in Finance or Accounting or equivalent combination of education and experience required2+ years experience in finance or investment management preferredExperience with or knowledge around IRAs preferredKnowledge of Trust industry and terminology preferredCertified IRA Services professional with ABA (CISP), preferredA reasonable estimate of the current base pay is $21.40 to $24.50 per hour.