IRA Trust amp Estate Specialist I Job

Profile

Overview
Under general supervision, but in accordance with established policies and procedures, the IRA Trust & Estate Specialist is responsible for processing and maintaining all decedent, estate, IRA, and Power of Attorney accounts in addition to coordinating the share certificate program. The IRA Trust & Estate Specialist must adhere to all state and federal regulations, and keep abreast of all changes. Responds to questions and/or provides information upon request from members (internal and external).


Responsibilities
Deceased Account administration
Act as a liaison between surviving family/personal representative and organization until account has been settled
Perform deceased account maintenance to include canceling ACH and other pre-authorized debits, all debit and or credit cards, and restricting accounts
Ascertain proper disposition of funds in the account with minimum exposure to liability
Ensures payment is made to the duly appointed legal representative of the deceased member upon receipt of appropriate documentation
Prepare letters and memorandums to surviving accountholders, executors, attorneys, and trusteesAdhere to all Federal and State regulations regarding decedent accounts
Provide general support on deceased accounts to other credit union departments
Serve as administrator for Power of Attorney (POA) accounts
Review all incoming documentation on Powers of Attorney; ensure wording in the document is legal and valid
Maintain account records and warnings to properly flag and indicate account designated with POA
Act as IRA Administrator
Maintain an in-depth knowledge of all IRA products and operational procedures
Process all IRA transactions including, but not limited to withdrawals, deposits, transfers, and distributions
Take initiative to continuously develop skills and industry knowledge to enhance the value of all customer interactions
Has a basic understanding of IRS rules and regulations concerning IRA accounts and their administration
Manage Certificate of Deposit (CD) account maintenance
Fulfill maturity instructions, withdrawals, deposits, and transfers
Research and correct transaction errors made by other branches or departments
Provide advanced support on these accounts to other branches and departments
Participate in testing and implementation of projects for new products, services, or processes
Attend regular training and certification courses as needed for this position - May require travel
Strong ability to multi-task and work independently using good judgment
Excellent time management skills and the ability to initiate and embrace change
Ability to use independent judgment to make quick decisions within written policy and standard operating procedures
Ability to understand and carry out instructions furnished in written, oral, or diagram form
Strong problem solving skills
Adhere to Bank Secrecy Act (BSA) regulations and all related Credit Union policies and procedures
Qualifications
Requires a minimum of 2 years banking/credit union experience or experience in a similar role
Must complete and maintain an IRA Specialist Certification at a minimum of the Certified IRA Specialist I (CIS I) level in designation within one of year of hire
Intermediate level proficiency with Microsoft Office products (Word, Excel, Outlook)
Exceptional attention to detail with the ability to complete tasks with minimal to no errors
As a COVID-19 safety measure, our employees must provide vaccination status and follow all safety protocols, which may include testing.
EEO Notice
**MEMBERS ONLY**SIGN UP NOW***. is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.


NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please **** or ****.
Job Criteria:
Start Date: ASAP
Position Type: Full-Time Permanent
Years of Experience Required:
Education Required:
Overnight Travel:
Vacation Time:

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