Transaction Management Ops Analyst - 401(k) Plan Administration

Company: Disability Solutions
Location: Charlotte
Posted on: May 17, 2025

Job Description:

Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:This job is responsible for moderately complex transaction and fulfillment processing, including the movement of assets into and out of accounts. Key responsibilities include reconciliation, settlement, and trade and transfer support, and providing quality service and operations support for internal business partners and external clients, in accordance with established guidelines and procedures. Job expectations include handling in operational processes which may carry medium to high levels of monetary risk and assisting in training less experienced team members.Responsibilities:

• Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and procedures
• Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service
• Responsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptions
• Proactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational unitsSkills:
  • Attention to Detail
  • Customer and Client Focus
  • Oral Communications
  • Prioritization
  • Problem Solving
  • Account Management
  • Analytical Thinking
  • Coaching
  • Written Communications
  • Mentoring
  • Research
  • Result OrientationLine of Business Job Description: Upon the receipt of a request to process contributions, withdrawals, transfers to beneficiaries, or other 401(k) transactions, the 401(k) Payroll and Benefits Processing team ensures the validity and completeness of the request. Once confirmed, the team manages the transaction to deposit, transfer, or distribute the funds according to the instructions provided. These transaction management activities are performed when a request is received in a queue. A successful Transaction Management Operations Analyst on this team:
    • Performs a completeness, accuracy, validity, and risk assessment of documents to support 401(k) transaction requests, identifies and resolves any discrepancies or gaps, then provides the necessary approval to route the request to the next queue for completion according to the established guidelines and procedures.
    • Researches and resolves validation errors by applying procedures and escalation using a trouble shooting guide and engaging support partners when needed.
    • Responds to internal business partners inquiries related to errors or account information via a queue or email.
    • Understands the process flow from end to end including the reasons for each step, the process controls, the risks within the process and the upstream/downstream impacts of their work based on an understanding the work impacts other operational units.Required Sills:
      • Attention to Detail: The ability to achieve thoroughness and accuracy when accomplishing a task and process detailed information effectively and consistently.
      • Research: The ability to gather information about a topic, review, analyze and interpret the results to support a recommendation or solution.
      • Recording/Organizing Information: The ability to accurately capture, summarize, and organize relevant information (such as client/employee forms) using computer applications.
      • Problem Solving: The ability to draw upon past knowledge and experiences to find a solution and define a path of action.
      • Written Communications: The ability to clearly convey information in written form through email in a way that easily enables the resolution of request
      • Collaboration: The ability to work with others to complete a task or achieve a common goal in the most effective and efficient way. - adjust to work within (according to policies and partnership)Desired Skills:
        • Bachelor's degree or 3+ years of experience in Financial Services is preferredShift:1st shift (United States of America)Hours Per Week: 40

Keywords: Disability Solutions, Huntersville , Transaction Management Ops Analyst - 401(k) Plan Administration, Professions , Charlotte, North Carolina