Director​/Administrator of Unclaimed Property

Director/Administrator of Unclaimed Property

740 STATE TREASURER

Supervisory Organization:
Office of the State Treasurer

Job Posting End Date:
Refer to the date listed at the top of this posting, if available. Continuous if date is blank.

Note:

Applications will be accepted until 11:59 PM on the day prior to the posting end date above.

Estimated Appointment End Date:
Continuous if Blank

Full/Part-Time:
Full time

Job Type: Regular

Compensation:
* Not specified*

This is a full-time in office position located at our Unclaimed Property Division, 4841 N Sewell Ave, OKC, OK. The annual salary for this position is based on education and experience.

Each year, hundreds of millions of dollars and hundreds of safe-deposit boxes are turned over to the Office of the Oklahoma State Treasurer Unclaimed Property Division (Unclaimed Property). It's the mission of Unclaimed Property to assist in the return of funds and safe-deposit boxes to their legal and rightful owners and/or heirs. Unclaimed Property Consists Of Intangible Assets And Safe-deposit Boxes For Which a Business (Holder) Has Had No Contact With The Listed Owner Of The Unclaimed Property And/ Or There Has Been No Owner Activity By Its Listed Owner For An Extended Period Of Time Known As The “abandonment Period”.

Unclaimed Property Includes

• Cash
• Dormant bank accounts
• Uncashed checks
• Stocks or bonds, dividends, and bond interest
• Insurance proceeds
• Utility refunds
• Safe-deposit box contents
• Royalties

An Unclaimed Property Director manages the department and weighs in heavily on the legal aspects of abandoned assets, ensuring compliance with state laws and administrative rules. The key duties include reviewing and advising the State Treasurer and Deputy Treasurer for Unclaimed Property on all aspects of complex claims, internal and external audits, holder compliance, administrative appeals/hearings, promulgation of statutes and rules, and assisting legal counsel in aspects of litigation as it relates to gathering and reviewing related data and information.

• Examine high dollar and complex claims identified for review by analyzing and evaluating records and legal documentation (foreign and domestic), from a variety of sources such as claims from individuals, estates, corporations, trusts, government agencies, law firms, and court documents.
• Collaborate with the Deputy of Unclaimed Property and Claims Auditors to ensure claims are correctly and legally paid or denied.
• Provide guidance and advice to Unclaimed Property staff regarding questions from Holders, Heirfinders, Claimants, Public Officials, etc.
• Provide advice to the Deputy of Unclaimed Property regarding internal and external audit questions and ensure contracted auditors comply with unclaimed property laws and administrative rules.
• Serve as the point of contact for all commercial and public requests for information contained in the Unclaimed Property database.
• Collaborate with the Deputy of Unclaimed Property to review and track Unclaimed Property Vendor contracts, agreements, renewals, etc.
• Serve as an Oklahoma Unclaimed Property representative to the National Association of Unclaimed Property Administrators (NAUPA) Legal Committee and virtually attend all Legal Committee calls.
• Assist the Deputy of Unclaimed Property regarding Unclaimed Property long-term planning, annual goals, proposed statutes and administrative rules and track outcomes.
• Make recommendations regarding Unclaimed Property policies and legislative initiatives.
• Propose and implement new projects to help modernize and improve the Unclaimed Property Division.
• Monitor and investigate best practices in other states' Unclaimed Property divisions for potential implementation in Oklahoma.
• Oversee updates to forms, letters, instructions, and forward-facing information to ensure legal compliance.
• Represent Unclaimed Property outreach events as needed.
• Perform other duties as assigned or required which are reasonably related to the duties enumerated above.
• Monitor bankruptcy filings and prepare claims on behalf of the State Treasurer.
• Process garnishment orders from the Department of Justice…