Unique Assets Officer

Overview

This role oversees unique asset properties to ensure the organization manages them in accordance with the purpose of the asset and in line with the terms of the trust agreement. The Unique Assets Officer provides technical, functional, and operational expertise to the Unique Assets team to support oversight of these properties.

Responsibilities

• Provide oversight of closely held business assets held in fiduciary accounts where the organization acts as trustee or in a similar capacity.
• Oversee and monitor activities related to closely held business assets, including:
  • Monitoring receipts made by the LLC or LP
  • Oversight of allocations made from the LLC or LP to ensure allocations are properly made between trust principal and trust income
  • Oversight of the governing agreement
  • Monitoring capital calls and other similar receipts from the LLC or LP
• Conduct regular assessments of closely held business assets to ensure proper management in accordance with the terms of the LLC or LP.
• Coordinate the inclusion of these assets into investment reviews performed for accounts that hold these assets.
• Provide planning, leadership, and problem resolution for the team.
• Maintain internal control standards, including timely implementation of internal and external audit points and issues raised by external regulators, as applicable.
• Complete other related duties as assigned.
• Exercise usual managerial authority related to staffing, performance appraisals, promotions, salary recommendations, performance management, and terminations.

Requirements

• Bachelor’s degree and a minimum of five years of experience at a bank or another similar financial institution.
  • Or, in lieu of a degree, a combined minimum of 9 years of higher education and/or work experience, including a minimum of 5 years of bank or financial services experience.
• Minimum of two years of work leadership, supervisory, or managerial experience.
• Experience managing unique assets and closely held businesses.

Preferred Qualifications

• Advanced degree.
• Minimum of 8 years of work experience at a bank or another similar financial institution.

Compensation & Benefits

• Pay range: $103,000.00 - $171,600.00 Annual (USD)
• The successful candidate’s particular combination of knowledge, skills, and experience will inform specific compensation.
• The range listed corresponds to the national pay range for this role; specific pay range applicable to you may vary based on your location.

Location

Clanton, Alabama, United States of America