PCS Account Officer I

Fifth Third Bank; Cincinnati (OH); Sur place; USD 50 000 - 70 000; Plein temps

Résumé du poste

Fifth Third Bank seeks an Account Officer I to administer Agency, IRA, and Custody accounts with a >$1M book. You’ll service clients, coordinate funding and documentation, and deepen relationships to drive assets and revenue in Cincinnati.

Requirements include a bachelor's degree (preferred) or related experience and 2+ years in financial services, plus strong client relations and time-management abilities.

Qualifications

• Bachelor's degree preferred or related experience.
• 2+ years experience in financial services.
• Effective client relationship skills and experience.
• Demonstrates effective time management skills and the ability to multi-task.

Responsabilités

• Coordinate services for a portfolio of accounts, including Agency, IRAs, and Custody accounts.
• Retain client base by delivering high service and client contact standards.
• Ensure smooth transitions as clients move between service models.
• Assist in funding new accounts and prepare account documents.
• Communicate with clients and advisors regarding distributions and tax considerations.
• Oversee account administration and ensure compliance with bank policies.

Connaissances

Client relationships

Time management

Multi-tasking

Communication skills

Formation

Bachelor's degree

Description du poste

Make banking a Fifth Third better®

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

The Account Officer I is responsible for the administration of a variety of accounts including Agency accounts, IRAs, and Custody accounts, with total book revenue exceeding $1 million. May work with clients' estate plans, which may include the use of multiple accounts and multiple beneficiaries. Target size of account book: 500 Private Bank accounts or 700 Retail accounts.

Essential Duties & Responsibilities

Client Service

• Coordinate services for a portfolio of accounts, consisting of Agency, IRAs, and Custody accounts.
• Retain client base by working with the client’s service team to deliver the highest service and client contact standards
• Ensure smooth transitions as clients move between service models
• Support the New Account Team in the preparation and creation of account documents and assist in funding new accounts.
• Communicate with current and prospective clients through written correspondence and telephone calls
• Consult with clients and advisors regarding Required Minimum Distributions on IRA accounts

Account Administration

• Completes annual administrative account reviews and other compliance responsibilities.
• Engages in fiduciary decision‑making. Executes decision and manages financial risk in best interest of the clients.
• Process requests for movements of funds internally and externally, following all Bank policies and procedures, as well as coordinating with the Portfolio Manager to ensure that sufficient funds are available to avoid overdrafts (deposits, wire transfers, account-to-account transfers, conversions, sub account openings, gifts, etc.)
• Coordinate annual 1099R and 5498 reporting and annual tax letter preparation and resolve any problems that may arise
• Retains client base by adhering to established client contact standards and ensure the involvement of all team members, as necessary.
• Works with IM&T Fulfillment Center (FC) to open and close accounts, process transactions, and maintenance accounts. Ensures proper documentation requirements are met to ensure compliance with Fifth Third Bank internal policies and procedures regarding client and asset acceptance.
• Works closely with Trust Tax Accountants and outside tax preparers to ensure proper tax reporting.
• Oversees and ensures that all accounts, fees, statements, asset transfers, and internet set‑up is complete and accurate.

Sales/New Business

• Acquires additional assets (account additions) from existing clients. Identifies other bank products and services to enhance and deepen existing client relationships, utilizing an IE or WMA, as necessary.
• Interacts with sales force, in coordination with PMs, to ensure a high quality client on‑boarding experience into IM&T.
• Communicates with clients and sales force through the entire on‑boarding process from start to finish to set and exceed expectations.

Other

• Demonstrates sound decision‑making skills, including balancing business risks to Fifth Third Bank with clients’ best interests.
• Seeks advice and counsel from senior officers and Regional Fiduciary Executives when faced with challenging technical or relationship management situations, as necessary
• Champions the Bancorp Vision and Core Values through personal actions
• Recommends enhancements to policies and procedures, when appropriate
• Exhibits strong interpersonal communication skills.
• Uses effective problem solving and analytical skills.
• Attends regular departmental and community continuing education.
• Desires a fast‑paced team environment, working with experienced professionals from multiple disciplines to deliver high quality client service.
• Assist with the supervision and training of Account Specialists and other support staff

Minimum Knowledge, Skills And Abilities Required

• Bachelor's degree preferred or related experience required.
• 2+ years experience in financial services.
• Effective client relationship skills and experience
• Demonstrates effective time management skills and the ability to multi‑task and prioritize work.

PCS Account Officer I

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well‑being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION -- Cincinnati, Ohio 45202

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.