Trust Employee Benefits Operations Specialist - Wealth Operations

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About Working at Commerce Building a career here is more than just steps on a ladder. It's about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn't stop there. Our culture is about our people, the ones in our communities and the ones that work with us. Here, you'll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You'll have the space and resources to grow into the best version of yourself. Because our number one investment is you. Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let's talk. Compensation Range Hourly: $21.40 - $27.65 (Amount based on relevant experience, skills, and competencies.) For more than a century, Commerce Trust has been a leading provider of wealth management services including financial planning, estate and tax planning, investment management, private banking and trust administration services. Our approach to wealth management means assembling a team of seasoned wealth management professionals across disciplines who collaborate to ensure each client's financial journey is uniquely crafted for their goals. Commerce Trust is a division of Commerce Bank. As a fiduciary and Wealth Management expert the Private Client Advisor Associate's primary responsibility is the support of our Private Client Relationship Managers who are accountable for the delivery of wealth management advisory services to ultra-high net worth clientele and their business partners. About This Job The main purpose of this job is to process pension benefit payments and maintain accurate pension records. Essential Functions Process pension benefit payments and maintain accurate pension records Complete OFAC screening, initiate ACH files to ensure that checks are distributed appropriately and create necessary entries to the Trust system for processing Facilitate the proper funding for the payments and set up for payee information Perform timely and accurate reconciliation and payment of withholding taxes to both federal and individual state agencies Monitor tax liability to ensure accurate and timely withholding, reporting and payment in accordance with established procedures and regulatory requirements Remit payments based on set schedules which include daily, weekly, monthly, and annual time limits and associated reporting requirements Interact with Institutional Administrators and communicate with pensioners to assist and resolve issues or concerns Perform other duties as assigned Knowledge, Skills & Abilities Required Strong customer service and interaction skills Ability to work independently and perform varied assignments within established time limits Intermediate problem-solving skills Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook Education & Experience Associate's degree or equivalent combination of education and experience required 2 years' trust, banking, or financial services experience required *** For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Trust Employee Benefits Operations Specialist - Wealth Operations and Senior Trust Employee Benefits Operations Specialist - Wealth Operations job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $21.40 to $27.65 per hour. #LI-KD1 #LI-Hybrid The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental

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