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Job Title: Trust Reconciliation Specialist

Job Summary: The Trust Reconciliation Specialist is responsible for reconciling retirement plan trust accounts administered by a Third-Party Administrator (TPA). This role ensures the accuracy of plan-level financial data by comparing custodial records, participant transactions, and internal systems. The specialist plays a critical role in maintaining compliance with regulatory requirements and supporting the integrity of client retirement plans.

Key Responsibilities:

• Perform daily, weekly, and monthly reconciliations of retirement plan trust accounts (e.g., 401(k), pension plans)
• Reconcile assets between custodians, recordkeeping systems, and internal TPA platforms
• Identify, investigate, and resolve discrepancies related to contributions, distributions, loans, and investment activity
• Monitor cash and asset movements to ensure timely and accurate posting
• Ensure compliance with ERISA and other applicable retirement plan regulations
• Maintain detailed documentation of reconciliation processes, discrepancies, and resolutions
• Prepare reconciliation reports and provide updates to internal teams and management
• Partner with recordkeeping, compliance, and client service teams to resolve issues
• Support plan audits by providing required reconciliation data and documentation
• Assist in improving reconciliation workflows, controls, and automation processes

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field (or equivalent experience)
• 2+ years of experience in trust accounting, retirement plan administration, or reconciliation preferred
• Understanding of retirement plans (e.g., 401(k), 403(b), pension plans) and trust accounting principles
• Familiarity with custodial platforms and recordkeeping systems
• Advanced proficiency in Microsoft Excel; experience with reconciliation or accounting software
• Strong attention to detail and analytical skills
• Ability to manage multiple plans and deadlines in a fast-paced environment

Preferred Skills:

• Experience working at a TPA, recordkeeper, or financial services firm
• Knowledge of ERISA regulations and retirement plan compliance requirements
• Experience with plan audits and Form 5500 support
• Strong communication and problem-solving skills

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