Full Time Position / Monday-Friday 8:00 AM – 5:00 PM
Supervise the administration and serve as primary contact of assigned employee benefit accounts.
Serve as a member of experienced, 5-member Administration and Relationship Management team that services all accounts--coordinate activities with them and back them up. Accounts range up to $3 Billion.
Work with this group, executing your role in daily trading and money movement tasks on behalf of clients.
Work closely with the Operations group to ensure timely and accurate processing.
Work in tandem with bank professionals on shared accounts to maximize client satisfaction and service from the entire organization.
Work in a professional manner with Plan Sponsors, Investment Consultants, Third Party Administrators, Investment Managers, Auditors, Legal Counsel and any other agents of the client.
Review and understand plan documentation, and other necessary legal documents as Trustee or Custodian for Trust Department accounts.
Serve as member of the trust officer group, the Trust Administration Review Group and the Fee and Acceptance Group
Prepare analysis and special reporting as needed by clients and their service providers.
Review and maintain administrative procedures.
Review daily trial balance, including security, distribution and contribution transactions.
Complete new account and closing account documentation, providing any needed direction to the assistant administrators.
Review monthly account fees for accuracy and approval. Follow up for overdue fees.
Meet with clients on periodic basis.
Attend client trustee meetings as assigned or invited.
Assist in the completion of RFP proposals and participate in the business development process, using Saleforce.com to track these activities.
Attend periodic training meetings, including local business group meetings (such as ISCEBS, Minneapolis Pension Council, or Midwest Pension).
Assist in the training of Administrative Assistants.
Assist in or assign research projects (both internal and client requested).
Other duties as assigned
Environment and/or Physical Factors:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.
Education, Experience and Technical Skills:
College Education preferred.
Over five years experience in a bank trust department.
Thorough understanding and facility on trust accounting software in the course of custody business.
Over five years of employee benefit plan experience desired, including direct client communications and relationship management.
Direct and extensive experience and understanding of Defined Benefit plans and the role of the custodian highly desired, other closely related experience will be considered.
Ability to prioritize and organize job responsibilities and work independently.
Strong customer service ethic and excellent communication skills (oral and written).
Proficient in Windows office environment (Microsoft Word, Excel, PowerPoint, Access).
Professional behavior and appearance.
Understanding of and experience with Taft-Hartley plans a plus.
Strong demonstrated leadership and supervisory experience a plus.
Additional Salary Information: Discretionary Bonus and Incentive Compensation
Personal Time Off (PTO)
Personal Holidays (12)
Medical Insurance: Employer pays >80%
Health Saving Account: Employer Funding
Dental Insurance: Employer pays for employee-only level coverage
Life Insurance: Employer pays benefit = one year’s salary
Long Term Disability: 100% Employer-paid
Short Term Disability: 100% Employer-paid
Safe Harbor, Discretionary
Profit Sharing, Discretionary
Parking: Company-paid; specific nearby lots
About Union Bank and Trust Company
Working with Union Bank & Trust is like having their own private bank and trust service. With all the capabilities of the largest financials, you get the comfort of working with experienced professionals who are committed to your success. Founded in 1976, we are the only state chartered, FDIC insured, union-owned commercial bank in Minnesota with over 85% ownership comprised of various local, district and international unions. Founded in 1982, our Trust department administers over $8 billion in assets. We are committed to serving long-term needs; supporting the economic well-being of working people, small/closely-held businesses, high net-worth individuals and associations which make up our neighborhoods in the Twin Cities. We are a community-oriented bank that is involved in our surrounding neighborhoods.