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UMB

Regional bank offering diversified financial services

Unique Asset Administrator 2

Real Estate Property ManagementConfirmed live in the last 24 hours
Full-timeOverland Park, KS, USA

About the Job

Requirements

  • A bachelor's degree in a relevant field, or an equivalent background combining education and experience.
  • At least 3 years of applicable experience in financial services.
  • Ability to balance client experience with the management and control of business risks.
  • Analytical, mathematical, and problem-solving skills.
  • Customer focus and client relationship management skills.
  • Proficiency in Microsoft Office Suite, including Word, Excel, PowerPoint, and SharePoint.

Responsibilities

  • Manage accounts with a focus on client experience, governing instruments, fiduciary laws, and bank policies and procedures.
  • Collaborate with Senior Associates on the team to resolve complex administrative issues and escalations.
  • Manage unique assets held in Private Wealth accounts, including real estate, oil and gas, closely held assets, life insurance, and other miscellaneous assets.
  • Inspect assets as required, ensure periodic asset valuations, and maintain properties cost-effectively through appropriate vendors.
  • Acquire and dispose of unique assets, including negotiating leases, managing renovations, maintenance and repairs, arranging periodic appraisals and inspections, and delivering portfolio and asset reporting.
  • Implement strategic business plans for assets and portfolios as necessary.
  • Leverage third-party vendor relationships in insurance, farm, ranch, oil and gas management, and real estate processing; serve as a vendor liaison where required.
  • Review monthly financial reports from third-party fee managers.
  • Communicate tasks and expectations to colleagues, co-fiduciaries, clients, attorneys, brokers, contractors, third-party managers, and other service providers.
  • Help identify value-added services that Personal Trust and Custody can provide.
  • Ensure timely completion of required administrative compliance reviews.
  • Ensure accurate processing of account and maintenance activities, resolve operational problems, and process reports.
  • Review activities within the job scope for sufficient controls to prevent errors, fraud, and omissions.
  • Manage assigned properties using established policies and procedures; facilitate asset setup and removal; maintain appropriate insurance coverage through the bank's blanket program or an external policy; facilitate insurance claims and tax matters and payments; and ensure assets are reviewed in accordance with bank policies and procedures.
  • Buy, sell, or lease properties directly or with assistance from a real estate agent, including negotiating listing agreements, purchase and sale contracts, leases, and other agreements.
  • Prepare annual property reviews, analyze tax-assessed values, coordinate triennial valuations, and perform or arrange initial and annual property inspections.
  • Coordinate timely payment of maintenance, insurance, and property tax bills.
  • Participate in the National Trust Real Estate Association as required.
  • Perform other duties as assigned.

Desired Qualifications

  • Wealth management experience.
  • Knowledge of real estate, property management, or asset valuation.
  • Real estate property management experience.
  • Property and casualty insurance experience.
  • A professional real estate designation.
  • Knowledge of fiduciary responsibilities.
  • Proficiency in UMB custody and clearing platforms such as SEI and Fidelity Wealthscape.
  • Proficiency in Salesforce CRM software.
  • Proficiency in Workday, PeopleSoft, Archer, Skillport, and Hyperion.

About the Company

UMB

Regional bank offering diversified financial services

UMB Financial provides banking and financial services to individuals, businesses, and institutions, including wealth management and treasury services. Its products run through customer accounts, loans, cash management, and trust and investment services, delivered via branches, advisors, and online tools to help people manage money and grow assets. The company stands out through a long local history, a strong emphasis on customer service, and community involvement, with growth beyond a single region. Its goal is to be a trusted, dependable financial partner that helps clients manage finances and pursue long-term growth.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Kansas City, MO
Founded
1913

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