TCF Bank Operations Specialist III - IRA - Sioux Falls, SD in Sioux Falls, South Dakota

Position Summary

Responsible for processing routine and non-routine work in a prioritized order. Ensures that work is completed within prescribed deadline. Handles situations where greater risk to the Bank is escalated to this position for resolution.

Major Areas of Accountability

  • Handles multiple complex tasks simultaneously while adhering to TCF Corporate policies and/or Federal Regulations.

  • Final escalation of exceptions to normal processing before involving next level of management.

  • May identify individual training needs and work one-on-one with individuals to ensure job expectations are met.

  • Communicate with both internal and/or external customers on more complex issues.

  • May communicate potential training issues to department supervisor/manager.

  • Ma perform in the function of support to cover areas where turnover has created production problems.

  • Identify processing inefficiencies and make recommendations to area management for enhancements.

  • May act in leadership role in absence of Coordinator and/or Supervisor.

Additional Responsibilities Specific to this Position

  • Use multiple vendor software systems and reports to accomplish a variety of daily tasks

  • Review and key rate changes

  • Work with Contact Center, branches and outside vendors to resolve customer inquiries and issues

  • Review and process IRA forms and plan transactions such as account opening, contributions, distributions, withholding and RMD set ups

  • Manually calculate Required Minimum Distribution payments and establish distribution schedules in accordance with IRA regulations

  • Review, prepare and correct annual IRA related tax forms

  • Understand and adhere to IRS regulations as they pertain to retirement accounts

  • Assist with year-end processing and report review

  • Prepare packets and scan documents into image archive system

Minimum Requirements


  • High school education, GED, or equivalent work experience

  • 12 months combined experience as an Operations Specialist I and/or II; or 18 months comparable work experience

  • Ability to apply abstract concepts to accounting functions

  • Ability to deal with multiple problems involving several variables in different situations

  • Ability to communicate with various levels of management and employees within organization

  • Good written communication skills to construct reports, memos and proposals

  • Strong organization skills and attention to detail

  • Ability to work independently, with limited direction from supervisor

  • Ability to read, analyze, and interpret procedures and regulations

  • Strong PC (Excel/Word or other applicable software)


  • Good understanding of TCF and all operations environment

  • Proficient with PC’s (Excel and Word software)

  • 1-2 years Teller experience

  • 1-2 years IRA experience

  • Some Accounting/Bookkeeping training

About TCF

Established in 1923, TCF has maintained a strong foundation. TCF has over 340 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing, indirect auto finance, and equipment finance business in all 50 states, and commercial inventory finance business in all 50 states and Canada.


TCF encourages open employee communications and promotes from within whenever possible.

We offer competitive pay, a comprehensive benefits plan, and opportunities for career advancement. For more details on our benefits, click on the/Employee Benefits/link on our career page.

Proud to be an equal opportunity employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, or other status protected by applicable law. TCF is proud to be an affirmative action/equal opportunity employer. Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Job: *Operations

Organization: *Funding, Operations & Finance

Title: Operations Specialist III - IRA - Sioux Falls, SD

Location: South Dakota-Sioux Falls-4101 W. 38th Street

Requisition ID: 00QPH