Unique Asset Administrator II

Unique Assets Administrator

As the Unique Assets Administrator, you will execute 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.

How you will spend your time :

• Manage accounts with a focus on client experience, the governing instruments, fiduciary laws, and bank policies and procedures.
• Work collaboratively with Senior Associates on team to resolve complex administrative issues and escalations.
• Manage unique assets held in Private Wealth accounts, including real estate, oil / gas, closely held, life insurance and other miscellaneous assets.
• Perform inspection of assets as required ensure periodic valuations of assets, and maintain properties cost effectively through use of appropriate vendors.
• 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.
• Implement the strategic business plans for assets and portfolios, as necessary.
• Leverage third party vendor relationships in areas of insurance, farm, ranch, oil / 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 all account and / or maintenance activities, resolve operational problems, and process various 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 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.
• 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.
• Prepare annual property reviews, analyze tax assessed values, coordinate triennial valuations, and perform or arrange initial and annual property inspections.
• Coordinate the timely payment of all maintenance, insurance, and property tax bills.
• Participate in National Trust Real Estate Association as required.
• Other duties as assigned.

We're excited to talk with you if :

Bonus points for :

Compensation Range : $51,480.00 - $99,330.00 The posted compensation range on this listing represents UMB's standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.