IRA Administrator

Job Qualifications

• 2 years of IRA administration or related experience.
• Proficiency in Word, Excel, and Outlook, and aptitude for trust systems.
• Attention to detail and accuracy.
• Excellent verbal and written communication skills.
• Organizational and prioritization skills.
• Diligent worker and self-motivated.
• Aptitude to complete the course of study of an IRA professional including a Self-Directed IRA Professional (SDIP) certification.

Bank of Utah's comprehensive benefits package includes:

• Great work-life balance, with a Monday-Friday schedule
• Competitive pay and benefits, including medical, dental and vision plans
• 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
• 12 paid bank holidays + paid time off, including paid parental leave
• Volunteer opportunities to make a difference in the communities where you work and live
• Awards and recognition to celebrate you and your colleagues for living the bank's values

Administration of assigned accounts includes, but not limited to:

• Respond to client visits, calls, emails, and other client requests.
• Supervise the opening and closing of accounts.
  • Document preparation and review:
    • Prepare, provide, and confirm completion of primary documents to open and administer an account.
• Set up and maintain client and account profile info in the accounting system.
• Maintain account opening/closing checklist to confirm accuracy and completion of account set up or closing.
• Prepare, complete, and present account reviews for approval.
• Direct and approve receipts and disbursements for posting: checks, ACH, and wires.
• Coordinate with assigned investment advisors to determine and document investment objectives of the account.
  • Monitor account cash balances to assure the investment of excess funds and the availability of funds for disbursement.
  • Submit and approve trade requests as needed.
• Confirm completion and accuracy of transactions posted.
• Administer alternative assets when applicable.
  • Pay property taxes and insurance for real estate properties; obtain and update valuations of alternative account assets in the accounting system.
• Support business development to obtain new accounts, including meeting with prospective clients to provide information about IRA services.
• Establishment and maintenance of account files to retain primary and important documents.
• Scanning and indexing account files electronically.
• Sending closed and aged account files to storage or destruction.
• Coordinate with tax professionals for tax reporting. Review, sign and file trust tax returns, when applicable.
• Joint receipt and withdrawal of physical assets and asset documents in and out of the trust vault.
• Assist with gathering account files and information for annual audit and regulatory exams.
• Other duties as assigned.

The wage listed is within the range associated with this position. Actual compensation will be based on qualifications and experience.