Posted: Saturday, February 24, 2018 7:51 PM
Areas of Interest:Accounting; Business/Technical Analysis; Finance; Professional; Wealth Management
BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.:based financial services holding company with operations in ten states : Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.
The RPS Operations Specialist II focuses primarily on plan conversions for plans with a higher complexity level of 4:6. This individual may be responsible for coordinating any or all aspects of plan conversions for defined contribution plans, whether the plan is a start up, one being converted from another record keeper or an existing BOKF client plan moving from the periodic to daily environment. Plan conversion responsibility includes not only processing considerations, but also ensuring that information available for loading to the Omni recordkeeping system will allow the plan to be processed in accordance with the plan document and applicable laws and regulations, once converted. There are frequent changes to timelines that require the conversion coordinator to adjust their work schedules to meet stringent deadlines. The position may also be responsible for updating and maintaining data on our web application where clients and participants access account records (i.e. web and voice systems), creating, modifying and/or running sponsor reports, coordinating participant statement submission with external vendor, and handling global processes affecting all daily recordkeeping plans.. This position has a training and oversight role for entry level manager positions related to conversions, voice/web coordination, sponsor reporting, and many other functions. This includes performing quality control and verification of plan setups and approval of large dollar manual trades.
PRINCIPAL DUTIES AND RESPONSIBILITIES
1.Level 4:6 plans: Meets with administrative officer and assumes a lead role in conference calls with clients and current recordkeeping institutions to determine needs, time frames, and priorities; develops specific plan delivery expectations and action plans, including timetables for delivery for significant plan changes (i.e.: loan provisions, additional funds, additional contribution types, etc.); assesses internal and external resources and develops formal action plan and communicates time line to all affected internal parties; schedules work assignments with technical support and recordkeeping manager; works with Institutional Wealth Management relationship managers and clients to resolve issues related to plan setup, participation, vesting schedules, fund involvement, and proper method for allocation of funds; consults with client and/or client payroll vendor regarding format for transmission of conversion information, future contributions, loan payments, and demographics. Verifies completeness and accuracy of balance load information received; performs detailed reconciliation of participant balance by source of funds and investment balance to assets or cash received from prior record keeper/trustee; assesses reasonableness of financial and non:financial data; oversees loading of participant enrollments and demographics on Omni; performs EPA (estimated participant activity) investment split on contributions and loan payments to minimize impact of market fluctuation during conversion blackout; coordinates and oversees all functions performed by others related to conversion including, but not limited to, data import, voice scripting, programming and testing of any custom reporting or processing, including participant statements, initiates and verifies trade interface; communicates regular status reports to all parties involved in conversio
• Location: Tulsa
• Post ID: 19925067 tulsa