IRA Administrator

Job Opening Details

The Bank of Utah is seeking an IRA Administrator to join their team. The position is available Monday - Friday at their branch located at 50 South 200 East, Salt Lake City, UT.

Job Qualifications

• 2 years of IRA administration or related experience
• Proficiency in Word, Excel, and Outlook
• 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

• 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

• 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: Establishing and maintaining account files to retain primary and important documents
• Scanning and indexing account files electronically
• Sending closed and aged account files to storage or destruction
• Cooking and updating account files in the trust vault
• Supporting business development to obtain new accounts, including meeting with prospective clients to provide information about IRA services
• Assist with gathering account files and information for annual audit and regulatory exams
• Other duties as assigned