NRECA Careers

Investment Planner

Arlington, VA
Accounting / Finance / Insurance


Job Description

The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America’s electric cooperatives into a single powerful voice. NRECA has won the following awards over the past few years:

  • Top Workplace by the Washington Post 
  • 100 Best Places to Work - ComputerWorld Magazine
  • 50 Best Places to Work - The Washingtonian
  • CARE Award Recipient - Recognizing organizations that promote a positive work-life balance
  • 50 Greatest places to Work - AARP
  • Best Place to Work Award Recipient - Lincoln, NE
  • Gold Well Workplace - Wellness Councils of America
  • State of NE Governor's Wellness Award - Grower Level

At NRECA, we work with people who are leaders in their fields. They are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly evolving, and requires new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each person’s overall well-being, encouraging health, financial security, and a sustainable work/life balance. EEO/AA- M/F/Disability/Protected Veteran Status/Genetic Data


Summary

Investment Planner – P3

Provide confidential, personalized verbal and written guidance to plan participants (active and retired) on retirement and financial planning issues under the Personal Investment and Retirement Consulting (PIRC) program.  Conduct both standard and customized versions of NRECA-sponsored Retirement Planning Seminars, Investment Workshops and other financial planning seminars for employees of member organizations.  Execute ongoing relationship management strategy to maintain a high level of customer service and assist in the retention/conversion of pension assets.  Recommend and market NRECA-sponsored financial programs/products in general, with emphasis on financial education and attracting/retaining investment assets in the 401(k) Pension Plan and Retirement Security (RS) Plan.  Explore and collaborate on new methods of providing and promoting financial services to attract and retain pension assets and to identify NRECA as the primary financial resource for members.


Purpose and Mission
• Provide confidential, individualized financial education and guidance under the PIRC program to employees and their organizations.  Provides verbal and written guidance to plan participants suitable for their situation, risk tolerance and time frame in adherence with regulatory guidelines
• Review notes and plans created by other IRPs in order to answer questions and provide guidance on behalf of any IRP who may be out of the office.  PIRC services include providing guidance in the areas of: retirement planning, education planning, investment strategies, review of investment options, quantifying goals, developing customized asset allocations, assessing tolerance for risk, individual retirement account funding/withdrawal/rollover options, retirement plan distribution options/strategies, written retirement plans/review, Social Security, Medicare, and general tax, estate and insurance issues  
• Continuously improves PIRC processes and procedures by modifying written plan output, plan assumptions, data gathering techniques, customer reports and package content 
• Provide guidance and training to the Investment & Retirement Specialists with regard to financial planning concepts and the treatment of data input pertaining to the PIRC written retirement plans
• Conduct standard versions of NRECA-sponsored Retirement Planning Seminars, Investment Workshops and other financial planning seminars for employees and executives of member organizations; provide one-on-one consulting with program participants as required. 
• Execute ongoing relationship management strategy to maintain a high level of employee service and assist in the retention/conversion of pension assets
• Recommend and market NRECA-sponsored financial programs, with the emphasis on financial education and attracting/retaining assets in the 401(k) Plan and RS Plan through internally designed marketing materials/written correspondence and networking with General Managers, Benefit Administrators, field staff, wellness coordinators, etc 
• Maintain an extensive knowledge base on a broad range of financial planning and pension topics, including:   NRECA’s policies and procedures; detailed knowledge of NRECA’s pension plans; the latest legal and business developments in the areas of retirement/investment planning, education funding, personal portfolio management, securities, life insurance/annuities, tax laws and estate planning issues; as well as Social Security and Medicare.
• Assist with special projects as assigned by supervisor.  Provides input on strategic projects to increase exposure of seminars and PIRC services to the membership. 


Requirements and Qualifications

• Bachelor’s degree in the arts, sciences or business required; Master's degree preferred. Possess or in the process of obtaining a professional designation such as CFP®, CEBS®, ChFC® or RICP®
• 6-8 years of experience in business, finance, accounting, securities, insurance or pension plans
• 3-5 years experience performing the duties and responsibilities of an Investment & Retirement Specialist or equivalent experience working with financial planners or investment advisors. 
• Knowledge of ERISA, IRS and DOL regulations and laws related to the defined contribution and defined benefit plan administration as demonstrated by prior work experience.
• Knowledge of topics relating to personal finance including budgeting, cash flow management, retirement planning, education funding, investments, and personal income tax as demonstrated by prior work experience. 
• Ability to listen and interpret the customer’s needs, de-escalate difficult client interactions, while at the same time researching the issue and applying broad business and technical knowledge to meet the customer’s satisfaction as demonstrated by prior work experience.
• Ability to communicate, both verbally and in writing, with a diverse membership, employees and/or vendors in a clear and precise manner as demonstrated by prior work experience.
• Ability to deliver presentations as demonstrated by prior work experience.

 

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