Summary: The Unclaimed Property Analyst – Treasury supports Finance by performing compliance-driven activities such as facilitating the unclaimed property and escheatment processes, 1099 reporting, and executing corporate garnishments, court orders and IRS and State-mandated levies. Monitors predefined compliance functions of the Treasury department and ensures all related matters are handled timely and accurately. Assists with research needed to resolve outstanding issues. The Unclaimed Property Analyst Treasury will also be responsible for processing banking and cash transactions and will participate in projects and initiatives involving data analysis and forecasting.
Process and monitor escheatment filings with states and conduct property owner outreach in compliance with unclaimed property requirements
Request and prepare files for all stages of escheatment cycles
Maintain strict timelines according to state due dates
Ability to work with and communicate to third-party vendors, operational teams and Accounting department
Complete detailed research on outstanding checks
Produce and maintain escheatment metrics, reporting and scorecards
Assist with external unclaimed property/escheatment audits and internal department audits
Ability to work with large amounts of data sourced from various systems
Cleanse and validate payment data and prepare 1099 filings to the IRS
Process IRS levies and state or court ordered corporate garnishments from UPC payment beneficiaries as they arise
Maintain system of tracking of any payee funds redirected through levies or garnishment orders
Assist in managing vendor performance and ensuring quality and accuracy of the vendor’s work
Initiate electronic payments on behalf Treasury through the banking portals or disbursement systems
Ensure all journal entries are captured timely and are appropriately supported and accurate
Assist in identification of process improvements
Assist Sr. Treasury Analyst and Director of Treasury Services with projects and reports
Performs other duties as assigned
Supervisory Responsibilities: N/A
Education and/or Experience:
College degree preferred or equivalent related experience
1 – 2 years of unclaimed property experience, or similar compliance experience, within insurance industry preferred
Knowledge of Microsoft Office suite of products. Strong Excel and Word skills desired
Team-oriented, with excellent relationship building and communication skills
Excellent organizational and attention to detail
Strong data analysis and research skills
Competencies: To perform the job successfully, an individual should demonstrate the following behaviors:
Motivation/Initiative: Motivated and curious, willing to ask questions, research issues and take on challenging projects/assignments; creative, brings new ideas to the table, exhibits self-confidence.
Administrative Skills: Possesses ability to organize and follow-through on multiple tasks, recognizes and attends to important details with accuracy and efficiency.
Interpersonal Style: (Interpersonal Skills, Communication, Teamwork); develops/ maintains effective working relationships; listens attentively to others; communicates ideas clearly (written & verbal); relates to people in an open/ sincere manner; participates effectively in meetings; assists in finding solutions as well as identifying problems; communicates appropriately with supervisor and co-workers.
Self-Management: (Adaptability/Flexibility, Stress Tolerance, Autonomy); adapts readily to changes in routine; works effectively in stressful situations; needs limited guidance and direction; is comfortable working in a fast paced environment; is reliable and dependable; is results-oriented; maintains productivity and composure under pressure.
Thinking Skills: Diagnoses problems efficiently; gathers sufficient input before making decision or plans; quickly determines sources of problem, identifies information needed to solve problem and analyzes alternative solutions, communicates issues and decisions effectively.
Customer Orientation: Sensitive & responsive to internal and external customer needs; demonstrates skills in customer services and satisfaction; maintains a positive attitude, willing to listen to customer problems and seeks solutions; stays in tune with changing needs of customers.
Excellent Oral/written communication skills
High-accuracy data entry/preparation
Proficiency in MS Office
Effective time management
Appetite for continual learning
This description is an outline of the major recurring responsibilities of the job. It is not intended to be all-inclusive of the work performed. Other related job objectives, special assignments and less significant responsibilities will typically be performed by the incumbent.