First American Bank is a family owned, full-service bank with over 50 locations in Illinois, Florida, and Wisconsin. Our mission is simple: to offer competitive banking products with the personal attention and service customers deserve. First American Bank can offer employees a level of visibility and stability that is difficult to find in many larger corporations. We are looking for people who want a career - not just a job!

This is an hourly (non-exempt) entry-level position in the Retirement Plan Services team that assists in the design and administration of retirement plans for small to medium-sized businesses that are primarily located within the Midwest.

Duties & Responsibilities

Compile and review trust financial statements in accordance with internal policies and procedures.

Review employee census data to determine plan eligibility.

Prepare management summary reports and participant statements.

Perform compliance and nondiscrimination testing including ADP/ACP, 410(b) coverage, top heavy, 415 annual addition limits and cross testing.

Allocate employer contributions under cross tested, pro-rata and integrated formulas.

Prepare various governmental reporting forms including Forms 5500 and 1099-R.

Communicate directly with clients and their professional advisors regarding plan administration.

Calculate amount available for loans and process necessary paperwork.

Prepare and process distribution packages for terminated, retired or deceased plan participants.

Manage time and prioritize tasks to ensure work is done efficiently and adheres to deadlines.

Conduct and complete additional assignments/projects as designated by management.

Qualifications

Minimum of Associates Degree preferred. High school diploma or equivalent required.

Experience:

Minimum of 3 months of general previous work and/or internship experience.

Business Experience or Defined Contribution experience a plus, but not required.

We provide extensive training for this position.

Must be professional, comfortable speaking with external and internal contacts with a demonstrated ability to tailor the message appropriately to the audience and situation effectively.

Demonstrated ability to convey thoughts and ideas effectively and succinctly via written formats, including emails, letters, and electronic platforms. Maintain professional standards relating to spelling and grammar.

Maintain credibility through professional demeanor, appearance, and presence by modeling standards appropriate to our environment and industry.

Maintain good working relationships with internal partners by exhibiting exemplary interpersonal skills, adopting a constructive, solutions-focused approach.

Use sound professional judgment to balance the interests of the organization and customer, understanding and using available resources to mitigate risks.

Aptitude for math and analytical tasks.

Proficiency with Microsoft O365 products and applications, including the ability to effectively prepare or review documents, procedures, and reports.

Experience with Relius Administration and FT William software a plus, but not required.

Occasional travel to other First American Bank locations, Bank functions and training facilities may be required.

Typical hours are Monday through Friday 8:00 a.m. to 5:00 p.m. Additional hours may be required depending upon business need.

Flex hours available.

Additional hours may be required during busy season (January to April) and other times as needed.