Senior Relationship Manager Mid-Market Tax Exempt

Empower$116K — $164K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 5+ years of relevant experience in relationship management
  • Strong communication skills
  • Ability to build rapport and manage client expectations proactively
  • FINRA 6 & 63 registrations to be obtained within timelines

Responsibilities

  • Maintain and retain large tax-exempt retirement plan client relationships
  • Participate in business presentations and client site visits
  • Conduct client meetings with internal experts to discuss plan design and compliance
  • Deliver presentations on plan health, regulatory updates, and industry trends
  • Identify client satisfaction signals and influence client perspectives
  • Navigate governance structures effectively
  • Articulate Empower's value proposition and relationship management benefits

Benefits

  • Medical, dental, vision, and life insurance
  • 401(k) plan with generous matching contributions
  • Tuition reimbursement up to $5,250/year
  • Flexible business-casual work environment
  • Generous paid time off including holidays and floating holidays
  • Paid volunteer time of 16 hours per year
  • Leave of absence programs, including parental leave and short-term disability
Full Job Description
The Senior Relationship Manager Mid-Market (Sr RM) supports tax-exempt retirement plans (government and non-profit) with assets approximately from $50MM to $150MM. The Sr RM acts as the central point of business contact for assigned client "plan sponsor" relationships for both clients and internal personnel. May partner with plan intermediary and/or Third-Party Advisor (TPA) aligned with the plan sponsor. The Sr RM is accountable for assigned client relationships that includes overall service delivery, evaluating, improving and managing client satisfaction and risk/retention efforts, and client P&L management. This RM will work with clients in the Mid-Atlantic region and must be based in this territory and will travel occasionally. What you will do • Maintain and retain client relationships of large tax-exempt retirement plans with an asset value typically ranging from $35 to $150 million by identifying solutions to enhance overall satisfaction, actively reducing risk of client loss and improve the financial viability of client relationships • Participate in new business finals presentations and client site visits, building rapport with clients and managing client expectations beginning with the sales process and continuing throughout the relationship • Conduct client meetings, working with internal SMEs and the service team, to bring Empower's best thinking to clients in the areas of plan design, funding, administration, participant communications, compliance, fiduciary governance and industry trends • Deliver periodic plan statistical, regulatory/legislative, and industry trending presentations to clients - both via video conference and in person • Ascertain both the obvious and not so obvious signs of satisfaction/dissatisfaction and effectively work to positively influence client perspective • Navigate governance structure (e.g. Business Acceptance Committee) • Effectively communicate ideas/messages in a clear and succinct manner • Articulate Empower value proposition, participant and plan sponsor experience, and relationship management value proposition • Provide timely, effective and comprehensive management reporting on plan health and opportunities • Understand and be conversant on revenue and expense variables associated with client relationships • Understand capital markets and Empower's proprietary investment management products and services What you will bring • Bachelor's degree • 5+ years relevant experience • Strong communication skills • Ability to build rapport with clients and proactively manage client expectations • Ability to travel to client / prospective client meetings, internal team/SME/leadership relationship development or training is central to the role • FINRA 6 & 63 registrations required within established timelines • FINRA fingerprint required What will set you apart • Understanding of investment management products and services • Understanding and being conversant on revenue and expense variables associated with client relationships • Working independently and being resourceful • Effective time management • Effective project management • Critical thinking and decision making • Customer focus • Experience building collaborative partnerships ***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.*** What we offer you We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance. • Medical, dental, vision and life insurance • Retirement savings - 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup • Tuition reimbursement up to $5,250/year • Business-casual environment that includes the option to wear jeans • Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year • Paid volunteer time - 16 hours per calendar year • Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA) • Business Resource Groups (BRGs) - BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all. Base Salary Range $116,300.00 - $164,225.00 The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

About Empower

Empower is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States. It is the second-largest retirement plan provider in the United States.
Learn more about Empower

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