Unclaimed Property Specialist II

Duties

• Expertly reviews and adjudicates high-dollar claims and claims involving complex asset classes such as physical stock certificates, book-entry securities, and underlying shares.
• Manages the liquidation process for securities in coordination with the State’s brokerage partners, ensuring all corporate actions (mergers, splits, spin-offs) are accounted for in the final claim payout.
• Analyzes intricate legal frameworks including Small Estate Affidavits vs. Full Probate, Indemnity Agreements, and Court Orders from foreign jurisdictions.
• Performs systematic Quality Control (QC) reviews of claims adjudicated by Program Specialist I staff to ensure consistency in statutory interpretation and prevent overpayments or fraudulent disbursements.
• Serves as the primary Technical Lead for the UCP database, troubleshooting system errors and coordinating with IT vendors for reporting enhancements.
• Aids in training new hires and developing internal Standard Operating Procedures (SOPs) for the claims team.
• Provides technical assistance regarding complex reporting issues, such as aggregate reporting thresholds and reciprocal state exchange agreements.
• Reviews findings from third-party audit firms to ensure identified property is correctly loaded into the state system and ready for reunification.
• Drafts formal Determination Letters for claims that are denied based on complex statutory bars.
• Maintains awareness of indicators of Professional Finder misconduct or sophisticated identity theft schemes, fraud, or abuse.
• Collaborates with others, both internal and external agencies, to evaluate high-risk claims that may lead to litigation or administrative appeals.

Requirements

• Bachelor’s degree in business administration, public administration, finance, accounting, or a related field.
• Minimum of 5 years of progressively responsible experience in program administration, finance, compliance, or a related area.
• Strong initiative to work independently, yet collaborate with others to gain information, understanding, and perspective.
• Supervisory or management experience required.

Qualifications

• Strong understanding of state unclaimed property laws and regulatory requirements.
• Five (5) or more years of experience in accounting, insurance underwriting, or as a paralegal in a law practice.
• Excellent communication skills in both English and Spanish, with strong interpersonal abilities.

Skills

• Knowledge of state unclaimed property laws and regulatory requirements.
• Experience in managing the liquidation process for securities.
• Ability to analyze intricate legal frameworks.
• Experience in drafting formal Determination Letters.
• Experience in collaborating with others, both internal and external agencies.

Benefits

• $0 premium employee health insurance option.
• Ten (10) paid holidays.
• Generous vacation and sick leave accrual.
• Dental, vision, and other insurance options.
• Retail benefits.
• Retirement benefits.
• Class A retirement under SDRS.

Pay

Salary/Grade: $29.81 per hour, depending on experience and qualifications, minimal travel required.

Schedule

Pierre-Based/Preferred With Hybrid Flexibility Considered.

Agency

Agency: Office of the State Treasurer / Division of Unclaimed Property

Location

Location: Pierre

Send Cover letter and resume to

State Treasurer, Deputy Treasurer, 500 E Capitol Ave, Ste 212, Pierre, SD 57501