Escheatment Specialist
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Please reference the schedule and minimum qualifications listed below before applying.
If you need assistance with filling out our application form or during any phase of the application interview or employment process please notify our Human Resources Team at option 1 or email and every reasonable effort will be made to accommodate your needs in a timely manner.
Job Summary
The Escheatment Senior Specialist is responsible for managing the escheatment and unclaimed property process in compliance with state and federal regulations. This role ensures the accurate and timely reporting remittance and reconciliation of unclaimed property while minimizing risk and maintaining regulatory compliance. The specialist serves as the subject matter expert on escheatment laws and coordinates with internal departments and external agencies as needed.Job Description
LOCATION
Mountain America Center
9800 South Monroe Street
Sandy UT 84070
SCHEDULE
Mountain America Center - Hybrid (0152)
IMPORTANT INFORMATION:
This is a Hybrid In Office/Remote Position
To be effective an individual must be able to perform each job duty successfully.
Design and implement proactive strategies to reduce escheatable accounts aligning with long-term organizational goals and regulatory expectations.
Research and assess account statuses to determine eligibility for escheatment
Develop and maintain dashboards and analytics tools that provide real-time insights into escheatment trends and performance metrics.
Analyze complex datasets to identify trends measure outreach effectiveness and provide actionable insights to leadership for continuous improvement.
Ensure enterprise-wide alignment with evolving regulatory requirements through training documentation and policy updates.
Design and oversee reporting frameworks to identify operational efficiencies and evaluate outreach effectiveness providing actionable insights to leadership.
Perform reconciliations of escheatment related general ledger accounts ensuring accuracy completeness and audit readiness.
Prepare and complete the submission of state unclaimed property reports ensuring accuracy and timeliness.
Maintain comprehensive documentation and governance of escheatment policies and procedures.
Serve as a liaison between Legal Accounting Operations and Member Services to resolve discrepancies and support escheatment processing activities.
Lead due diligence outreach efforts in compliance with statutory requirements.
Manage post-escheatment claim processing and member inquiries with professionalism and accuracy.
Identify opportunities for automation and workflow enhancements. Champion initiatives that improve efficiency reduce risk and elevate the member experience.
Performs other duties as assigned.
KNOWLEDGE SKILLS and ABILITIES
The requirements listed are representative of the knowledge skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.
Education/Experience:
Bachelors degree preferably in Business Accounting Finance OR 3 years additional combined progressive experience in a financial setting. Education must be from an accredited institution. Education and work experience will be verified.
4 years working in the financial industry
2 years of experience in escheatment unclaimed property or regulatory compliance. (preferred)
Experience with multi-state escheatment reporting is highly desirable. (preferred)
Managerial Responsibility:
N/A
Computer/Office Equipment Skills
Demonstrated proficient skills with Microsoft Office Suite including Outlook Work PowerPoint
Demonstrate advanced excel proficiency; including pivot tables charts and complete formulas
Experience with unclaimed property software (HRS Pro) is preferred
Experience with Symitar or other financial systems
Language Skills
Demonstrated ability to clearly communicate verbally and in writing
Demonstrated ability to read and follow instructions
Other Skills and Abilities
Strong knowledge of unclaimed property laws and escheatment processes.
High attention to detail and accuracy.
Adaptive to change responds positively to altered circumstances or conditions
Excellent organizational and time management skills.
Strong analytical and problem-solving abilities.
Ability to handle sensitive information with confidentiality and professionalism.
Physical Abilities/working conditions
Physical Demands
Ability to sit talk and hear consistently
Ability to stand walk and use hands to handle or reach
Vision Requirements
Close vision (clear vision at 20 inches or less)
Distance vision (clear vision at 20 feet or more)
Weight Lifted or Force Exerted
Ability to lift up to 25 pounds occasionally may need to lift up to 50 pounds.
Environmental
There are no unusual environmental factors (such as a typical office)
Noise Environment
Moderate noise (business office with computers and printers light traffic)
***This Job is not eligible to be performed in Colorado or Connecticut either remotely or in-person.***
#LI-BH1
Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.
Required Experience:
IC
Key Skills
- Sales Experience
- Crane
- Customer Service
- Communication skills
- Heavy Equipment Operation
- Microsoft Word
- Case Management
- OSHA
- Team Management
- Catheterization
- Microsoft Outlook Calendar
- EHS
