IFG US is partnering with a client seeking an Unclaimed Property Specialist. The Unclaimed Property Specialist is responsible for managing and maintaining compliance with state and federal laws governing unclaimed property. This position ensures that all dormant accounts, outstanding checks, and other reportable property are identified, documented, and remitted to the appropriate jurisdictions in a timely and accurate manner. The specialist will also serve as the primary contact for unclaimed property audits, filings, and customer inquiries related to escheatment.
Key Responsibilities:
- Identify, research, and reconcile dormant accounts, outstanding checks, and other potential unclaimed property items.
- Maintain compliance with all state unclaimed property laws and reporting deadlines.
- Prepare and file unclaimed property reports and remittances for all applicable jurisdictions.
- Monitor changes to unclaimed property laws and regulations and adjust company procedures accordingly.
- Respond to state inquiries, audits, and due diligence requests.
- Perform due diligence mailings to owners prior to reporting property to the states.
- Coordinate with internal departments (Accounts Payable, Payroll, Treasury, Customer Service, etc.) to gather necessary data and resolve discrepancies.
- Maintain accurate and organized records of all unclaimed property activities and filings.
- Develop and implement process improvements to reduce future unclaimed property liabilities.
- Assist in policy and procedure documentation related to unclaimed property compliance.
Qualifications:
Education:
- Associate’s or Bachelor’s degree in Accounting, Finance, Business Administration, or related field (preferred).
Experience:
- 2–4 years of experience in accounting, finance, compliance, or unclaimed property administration.
- Familiarity with state unclaimed property reporting requirements and systems (e.g., NAUPA format, Holder Reporting Portal, etc.).
- Experience with large datasets and reconciliations is preferred.
This position is located near Skokie and requires on-site work three times per week. Interested parties should send their resume to robjames@ifgus.com