Retirement Plan Consultant

Retirement Plan Consultant

First American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and assets of $5+ billion. We are a community bank at heart with international expertise, traditional values, and a forward-looking philosophy. Our employees have the experience and vision to meet the needs of savers, borrowers, and businesses in the 21st century. First American Bank can offer employees a level of visibility, career growth, and stability that is difficult to find in many larger corporations.

The Retirement Plan Consultant is responsible for maintaining an assigned book of business and cultivating new business through a high level of customer relations. This individual will work alongside each of the internal departments and other plan professionals to ensure client satisfaction and retention of business. Acting as the primary point person for client related activity, the Consultant will communicate with clients on the coordination of plan administration, including plan design, legal and regulatory compliance, and participant education.

Duties & Responsibilities :

• Develop appropriate plan design to meet client objectives, consult with client on recommendations, and implement proper changes as needed.
• Advise clients on all technical, regulatory, and problematic administrative issues and work with administrative team on solutions.
• Consult with external auditors regarding plan audits.
• Communicate and consult with outside plan professionals, including accountants, attorneys, and other First American Bank officers.
• Work with internal associates, clients, and vendors to ensure accurate and timely response to all outstanding client issues.
• Oversee annual administrative review.
• Solicit new business referrals and independently generate relationships with outside sources for new business development through personal and professional networking. Analyze client accounts for profitability, prepare timely billing, and ensure collection of fees.
• Be an ambassador of First American Bank by sourcing and building beneficial relationships to meet or exceed assigned sales goals.

Compliance :

Relationship Management :

Qualifications :