Alpaca is hiring a
Operations Associate I - IRA Specialist, Remote - Worldwide

Summary

The job is for an Operations Associate I - IRA Specialist at Alpaca, a fast-growing fintech company. The role involves handling IRA tax statements and related tasks. The ideal candidate should have relevant qualifications and experience in IRA management.

Requirements

• Knowledge of IRA documents/prototypes
• Experience with IRA Tax Reporting Forms
• Knowledge of IRA portability rules
• Working knowledge of IRA Transfer and Rollover processing and documents
• Understanding of IRA types
• Working knowledge of contribution deadlines
• Familiar with Prohibited transactions within an IRA
• Familiar with domestic retail and foreign account tax withholding and reporting
• Familiar with Escheatment processing and reporting
• Familiar with IRS Liens and Levies
• Familiar with monthly customer account statements

Responsibilities

• Ledgie and ETC portal navigation
• Customer support for IRA related issues
• Audit of IRA account books and record activity versus the year to date tax statement which includes: Review of the appropriate reportable contribution and/or distribution codes, Review of the cash transactions, Review of stock movements, Fair Market Value audit, Calculation of RMD upon customer request
• Aide in potential testing as needed for future code versions
• As necessary, coordinate with the Cashiering Department for use of IRA distribution/contribution codes
• Review of Excess Contributions for courtesy customer reporting
• Communicate and coordinate any necessary data corrections or tax document corrections with ETC
• Process and report escheatment assets for unclaimed property
• Process IRS Liens and Levies
• Preliminary and post monthly customer statement testing
• Assist New Accounts as needed
• Assist with additional operations duties as needed

Preferred Qualifications

FINRA Series 7 or 99 or the ability to obtain these licenses is a plus

Benefits

• Competitive Salary & Stock Options
• Benefits: Health benefits start on day 1. In the US this includes Medical, Dental, Vision. In Canada, this includes supplemental health care. Internationally, this includes a stipend value to offset medical costs
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card