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MUFG Union Bank Unclaimed Property – Senior Specialist in Tempe, Arizona


Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018). In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Job Summary:

MUFG is looking for an ambitious Operations-oriented, technical-minded, Escheatment Specialist to join our talented team in our Tempe, Arizona Corporate Office. The role will report into the Vice President, responsible for Client Reporting Operations. The Senior Specialist will join our Unclaimed Property (UCP) Operations team with a focus on escheatment of funds, state reporting, safe box compliance, Service Member Civil Relief Act (SCRA) requirements, process improvements, audit defense and other peripherally related functions and initiatives.

Major Responsibilities:

  • Maintenance of reporting obligations, submission deadlines, and legal requirements

  • Perform surveillance by reviewing exception reports and perform periodic checks to ensure compliance with regulatory guidelines, as well as other established risk and control framework

  • Assist with MUFG’s unclaimed property filing obligations

  • Administer projects pertaining to Unclaimed Property state reporting, escheatment of funds, process improvements, safe boxes compliance, Service Member Civil Relief Act (SCRA) requirements, audit defense, and asset recovery

  • Base level understanding or the desire to learn various states’ abandoned and unclaimed property tax laws

  • Assist in compliance reviews of internal controls over processes and procedures for sustaining Unclaimed property reporting

  • Perform documentation retrieval and organization of information to support audit defense or voluntary submissions

  • Prepare regulatory filings timely in compliance with various state specific Unclaimed property laws

  • Review Unclaimed Property reconciliations to ensure identified variances are resolved, including research, follow-up, and correction of any outstanding issues

  • Track and respond to Unclaimed Property notices from state and property holders, and follow-up accordingly with various departments for resolutions

  • Participate in multiple business projects, including identifying and implementing process improvements, automation, block-chain technology, and streamlining


Additional Information:

  • Bachelor’s degree Preferred

  • 1-3 years experience with Tax, Unclaimed Property, Escheatment, Accounting, Compliance, , or Audit

  • General understanding of Escheatement and SCRA requirements

  • Excellent interpersonal and organizational skills

  • Microsoft Office; intermediate to advanced

  • Strong Project Management skillsets; understanding of waterfall and agile principles

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Job: Finance

Primary Location: ARIZONA-Tempe

Schedule Full Time

Shift Day

Req ID: 10034399-WD