Financial Services Assoc. Purchasing Processor

Department Operations Classification Non-Exempt Location Carpinteria Headquarters, On-site Position Type Full Time Description The Purchase Processor plays a crucial role in the financial services industry, working within a team to ensure the smooth and efficient functioning of various financial operations. The ideal candidate should possess a strong attention to detail, a commitment to accuracy, and the ability to work effectively within a team. As a Purchase Team Processor, you will be responsible for performing various financial and administrative tasks to support the operations of a financial institution or department. You will work closely with team members, clients, and other stakeholders to ensure accuracy, compliance, and efficiency in operational processes. This position is considered an essential role day 1, meaning employees in this role must be able to perform their responsibilities without a lapse of time should a business continuity situation arise e.g., COVID-19 Pandemic. Location Information: On-Site at our Carpinteria, CA Headquarters Salary Range: Starting salary is typically between $55,000 and $65,000 annually, however, it is ultimately determined by the scope of the position the candidate’s relevant experience, credentials/certifications and internal equity. In addition to salary, benefits include, PTO, health, medical, vision, disability, life insurance benefits as well as 401(k), profit-sharing retirement program and much more. Responsibilities Purchasing Department Specific Responsibilities Review transfer and rollover forms for completeness Review transfer requests to ensure compliance with plan portability and regulatory rules Prepare Letter of Acceptance and send to contra firms Track the status of incoming transfers and ensure system follow-up notes are clear and accurate Follow up on the miscellaneous requests from contra firms requesting additional information Work closely with the call center to ensure rep’s understanding of transfer requirements TPA (Third Party Administrators), Follow-up calls Maintain Company Information list as new and updated information arises. Track, enter and manage Cost Basis information for in kind transfers Process daily investments into client accounts Request employer ACH debits and wires Process ACHs and wires Log and audit daily holds and returns Responsible for reviewing, responding, and completing research requests and service requests Update Standard Operating Procedures for manager review Adhere to all timing standards, policies and procedures Work on special projects as assigned by the Manager. Physical Requirements: This role typically requires sitting at a desk and working on a computer for extended periods. Minor lifting and carrying of items may be required. Service Principles – BeEPIIC Framework: Belonging – Foster a unified front, bridging diverse talents and perspectives towards our shared goals. Our unity reflects our commitment to collaborate, respect, and support each other in pursuit of collective success. Empowerment – fostering a supportive environment where employees are encouraged to take ownership, make decisions, and drive positive change for the company and its customers. Pride – Cherish our work, team, and organization. Our pursuit of excellence and respect for our mission, colleagues, customers, and community fuels our collective success and sense of pride. Integrity – Trust, Credibility, Dependability. Our members and partners trusted us with their financial wellbeing, something we’ll continually earn through integrity in everything we do. Innovation – Embracing change and seeking out creative forward-thinking approaches to better serve our customers and stay ahead of the competition. Customer Centricity – Putting the customer at the heart of each decision and striving to exceed their expectations at every touchpoint. Qualifications Critical Competencies: (Quality Focus, Complianc…

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