Alerus

Actuary

• Assist sales team with design and communication of technical ERISA aspects of Cash Balance, Defined Benefit, and Defined Contribution plans
• Produce and present projections for new business proposals based on input from prospects and sales consultants
• Explain Defined Benefit and Cash Balance funding strategies, PBGC and non-PBGC plans, limits and minimums, plan adoptions, and any new legislation
• Manage a book of existing and newly implemented clients, including data review, testing, valuation preparation, and required government and regulatory filings
• Utilize analytical software to review employee census data, existing 401(k) and Profit Sharing plan documents, and ownership data to design a Defined Benefit, Cash Balance, and/or 401(k)/Profit Sharing plan that fulfills the client’s desires and objective while also complying with all the various limitations, coverage, and nondiscrimination testing requirements found in ERISA
• Identify and implement changes and/or amendments needed to plan documents to address client needs and/or resolve client requests
• Monitor receipt of client’s census information to prioritize completion of annual reporting requirements
• Coordinate and assist administrators with timely completion of discrimination compliance testing
• Provide input and guidance to colleagues assigned to administration for both a 401(k) and cash balance or defined benefit plan
• Provide internal training to Alerus Sales and Administration Staff

Actuary – Cash Balance Plans, Retirement Plans

Account Manager

• Will manage a team of Relationship Managers as they enhance existing retirement business relationships and develop new revenue-generating opportunities.
• This position is a mentor and coach for ensuring retirement Relationship Managers deliver comprehensive financial guidance to Alerus retirement clients and serve as their trusted primary point of contact.
• This involves leading, coordinating, and tracking the efforts of the Relationship Managers as they work with a team of product subject matter experts and support staff to ensure efficient use of resources in serving our client needs.
• Will also manage their own portfolio of retirement relationships and generate new business opportunities.
• Lead, mentor, coach, and manage the overall performance, development and recognition of the retirement business advisors individually and as a group.
• Actively engage in developing career goals and paths for Retirement Relationship Managers.
• Ensure the use of the CRM software for tracking opportunities, maintaining client communications and follow-up needs.
• Effectively manage, analyze, and grow a portfolio of retirement plan clients to provide knowledgeable advanced solutions by delivering a high level of service, product expertise and support.
• Serve retirement business clients' financial needs holistically across all Alerus solutions.
• Proactively solicit new retirement business opportunities with existing clients through the plan review process.
• Apply advanced investment knowledge including understanding of markets, basic economic data, asset classes, models, CIFS and target date funds.
• Proactively employ/share technical knowledge of and experience with ERISA and retirement plan industry with clients and intermediaries while conducting regular plan, investment and service reviews.
• Actively participate in strategic planning with the ARB leadership team to enhance processes, procedures and service models to achieve maximum efficiencies.

Manager, Retirement Relationship Management

• Grow/Support the advisor relationship, point of contact for escalations, upsell goals, fund changes, fee negotiations, managing reporting and data feed requests
• Non-fiduciary investment reviews, fee benchmarking and plan design discussions
• Effectively manage, analyze, and retain a portfolio of business clients to provide knowledgeable advanced solutions by delivering a high level of financial product expertise and support
• Maintain ongoing communication with client influencers/decision makers to understand their goals/objectives and identify service concerns
• Proactively and consistently present Alerus value proposition
• Apply advanced investment knowledge including understanding of markets, basic economic data, asset classes, models, CIFS and target date funds
• Present technical knowledge of and experience with ERISA and retirement plan industry with clients and intermediaries while conducting regular plan, investment and service reviews
• Act as the primary Advisor contact or Sponsor contact for direct plans
• Travel to client locations for education as needed
• Responsible for improving overall plan health through participant education and enrollment support

Retirement Relationship Manager – III

Compliance

• Play a crucial role in supporting the client-facing team by delivering prompt, accurate, and thorough communication related to retirement plan administration and compliance.
• Collaborate closely with internal teams to ensure accurate data handling and adherence to deadlines, helping to maintain the operational integrity of each retirement plan.
• Partner with senior team members for peer reviews and may provide some peer review support to level I administrators.

Retirement Compliance Administrator II

Processor

• Process all types of distributions and loans, including lump sums, in-service withdrawals, QDROs, testing refunds, hardships, stock, installments, and Roth
• Ensure daily processing of distributions and loan withdrawals meets quality and service standards
• Monitor client-specific notes in the recordkeeping system affecting withdrawals and loans
• Research and respond to distribution/loan issues according to plan procedures and standards
• Update the ARB tracking system with the status of distribution and loan requests
• Enter 1099R data for requested withdrawals
• Process plan-to-plan transfer requests and loan refinancing requests
• Calculate and verify vesting and forfeitures
• Maintain documentation of functions, checklists, and procedures in the R&R database
• Assist team members and handle special projects as needed

Actuary – Cash Balance Plans, Retirement Plans

Manager, Retirement Relationship Management

Retirement Relationship Manager – III

Retirement Compliance Administrator II

Retirement Distribution Processor