Retirement Distribution Processor

Alerus

Retirement Distribution Processor managing various distributions and loans for employee benefit plans. Ensuring accuracy and timely processing while maintaining high attention to detail in a financial services environment.

Posted 6/30/2026full-timeRemote • Minnesota, North Dakota • 🇺🇸 United StatesMid-LevelSenior💰 $18 - $20 per hourWebsite

About the role

Key responsibilities & impact

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

Requirements

What you’ll need

Associate’s degree or equivalent combination of education and/or experience
Previous experience in financial/retirement operations preferred
Proven record of working in a fast-paced environment while managing multiple tasks & deadlines
Proficient PC skills including Microsoft Word and Excel
Ability to collaborate with employees and clients
Ability to work accurately with numbers, performing data entry and basic math calculations
Effective written and oral communication skills
Ability to effectively prioritize, manage, and complete multiple assignments and daily workload to meet deadlines
Excellent problem-solving skills and high attention to detail with exceptional organizational skills
Available to work flexible hours to cover peak workloads and to meet daily workload schedules

Benefits

Comp & perks

Comprehensive benefits package providing a wide range of health and well-being benefits, including medical, dental, vision, life and long-term disability insurance
401(k) and ESOP for retirement savings
Generous paid time off programs such as flexible time off, company-paid holidays, parental and bereavement leave
Learning and development resources for personal and professional career development, and advancement opportunities
Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services
Support for the communities we live in through paid volunteer time and a company donation match opportunity

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Processing DistributionsLoan ManagementCalculating VestingData Entry1099R Data EntryPlan-to-Plan TransfersLoan RefinancingQuality AssuranceBasic Math CalculationsRecordkeeping

Soft Skills

Effective CommunicationCollaborationAttention to DetailTime ManagementFlexibility

Certifications

Associate’s Degree