Thanks for your interest in applying to the Bank of Utah. My name is Ivonne Tobar, and I work as AVP Trust Officer. As an introduction to our company, the Bank of Utah was founded in 1952, and is one of Utah’s largest privately owned community banks. We were named Nasdaq’s Best Bank in Utah for 2025 and a Top 100 Fastest Growing Company. Our Mission Statement: We strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come. Job Opening Details: If our mission statement piques your interest, we encourage you to apply for the currently open position of IRA Administrator to work Monday - Friday at our Branch located at 50 South 200 East Salt Lake City, UT. This IRA Administrator is responsible for administration of assigned accounts: IRA – Managed and Self-Directed
Job Qualifications: - 2 years of IRA administration or related experience.
- Proficiency in Word, Excel, and Outlook, and aptitude for trust systems.
- Excellent client service skills.
- 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.
Benefits of Working with Us: 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
Job Description: 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.
- Supervise document management:
- 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.
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