Unique Asset Administrator II at UMB Financial in Overland Park, KS

Job description

As the Unique Assets Administrator I I , you will e xecute on responsibilities to deliver unique asset administration services to Private Wealth Management clients. Primary focus will be on executing lower volume and/or lower-risk tasks and less complex responsibilities. There will be some travel to the local office, to local properties and to the Kansas City office. Candidate must reside in or near Albuquerque, NM or in or near Phoenix/Scottsdale, AZ. How you will spend your time: You will manage accounts with a focus on client experience, the governing instruments, fiduciary laws, and bank policies and procedures. You will work collaboratively with Senior Associates on team to resolve complex administrative issues and escalations. You will manage unique assets held in Private Wealth accounts, including real estate, oil/gas, closely held, life insurance and other miscellaneous assets. You will perform inspection of assets as required ensure periodic valuations of assets, and maintain properties cost effectively through use of appropriate vendors. You will acquire and dispose of unique assets, including performing lease negotiations, managing the renovation/maintenance/repairs, performing periodic appraisals/inspections, and delivering portfolio and asset reporting . You will i mplement the strategic business plans for assets and portfolios, as necessary . You will l everage third party vendor relationships in areas of insurance, farm, ranch, oil/gas management, and real estate processing; serve as a vendor liaison where required . You will r eview monthly financial reports from third party fee managers . You will c ommunicate tasks and expectations to colleagues, co-fiduciaries, clients, attorneys, brokers, contractors, third-party managers, and other service providers . You will h elp identify value-added services that Personal Trust and Custody can provide . You will e nsure timely completion of required Administrative Compliance reviews . You will e nsure accurate processing of all account and/or maintenance activities, resolve operational problems, and process various reports . You will r eview activities within the job scope for sufficient controls to prevent errors, fraud, and omissions . You will manage assigned properties using established policies and procedures, facilitate asset set up and removal, maintain appropriate insurance coverage through Bank’s blanket program or external policy, facilitate insurance claims, taxation matters and payment, and that assets are reviewed in accordance with the Bank's policies and procedures. You will buy, sell , lease properties either directly or with assistance of a real estate agent, includes negotiating listing agreements, purchase and sale contracts, leases, and other agreements. You will prepare annual property reviews, analyze tax assessed values, coordinate triennial valuations, and perform or arrange initial and annual property inspections. You will coordinate the timely payment of all maintenance, insurance, and property tax bills. You will participate in National Trust Real Estate Association as required . Other duties as assigned . We’re excited to talk with you if: You possess a Bachelor’s degree in relevant field or combination of education and experience that provides and equivalent background. You have 3+ years of applicable experience within Financial Services. You are a ble to balance a client experience mindset when managing and controlling business risks . You have p roven analytical, mathematical, and problem-solving skills . You are customer focused with great client relationship management skills . You are proficient in the Microsoft Office Suite (Word, Excel, PowerPoint, SharePoint) . Bonus points for: You have W ealth Management experience . You have k nowledge of real estate/property management/asset valuation . You have r eal estate property management experience . You have p roperty and casualty insurance experience . You hold a p rofessional real esta