What You'll Do:
We are looking for a NY-based Private Client Retirement Plan Associate that will focus on both servicing Defined Contribution (DC) and Cash Balance (CB) existing and prospective clients. The Associate will work in a team environment supporting both the national small-market DC sales effort and the cash balance plan business for Bernstein Global Wealth Management, a unit of AllianceBernstein. This is an exciting and challenging opportunity to assist both DC Financial Advisors in all aspects of client servicing including analyzing financial information to determine investment strategies for plan participants as well as working with all Financial Advisors on account setup procedures for cash balance plans (including coordinating with outside custodians for account setup and coordinating distributions).
What We're Looking For:
The ideal candidate should have a bachelor’s degree in business, finance or economics with excellence in academics and strong leadership experience. Two years of industry experience is preferred; however, relevant internships with demonstrated achievement will also be considered.
Ideally we are interested in candidates that are client-focused and detail-oriented with a strong ability to multi-task and work under pressure in a fast paced atmosphere. Candidates should also possess strong analytical and communication skills (both written and verbal). Proficiency in Word and Excel are required. We are looking for accomplished team players who seek a rigorous and challenging environment for their career development.
Bernstein Global Wealth Management will sponsor required seriesSIE, 7 & 63 licenses. Associates are required to take exams and pass within the first nine months of employment.
A DC/CB Associate will work as part of a team supporting Financial Advisors across the country. Specific responsibilities may include:
- Serve as a resource for Defined Contribution questions that arise within the Private Client Department. Maintain a strong working knowledge of ERISA regulations and the Defined Contribution industry.
- Prospective Client responsibilities include but not limited to: interact with prospective clients, coordinate responses to RFPs, maintain client management database, distribute research communications and provide sales support to DC Financial Advisors across the country.
- Plan Conversion responsibilities include but not limited to: partner with third party Recordkeepers and Administrators to ensure successful plan implementation, participate in regular conference calls between critical parties, gather data and documents from clients for account openings, coordinate asset transfer, and prepare plan enrollment materials.
- Client Servicing responsibilities include but not limited to: open/close accounts, process cash flows, prepare client reports and regular due diligence, provide prudent investment advice to Defined Contribution plan participants; prepare marketing presentations and general troubleshooting in response to client inquiries.
In accordance with Section 8-107(32) as set forth in the New York City Human Rights Law, the minimum and maximum base annual salary for this role is as follows: Base Salary Range: $80,000 to $86,000. Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at AB, which may include, depending on eligibility, commissions, year-end incentive compensation, short- and long-term incentives and Department-specific awards. In addition, AB provides a variety of benefits to eligible employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays, sick and vacation time off.
New York, New York
