Our Trust Operations area includes a broad variety of functions that provide support to both internal and external customers. These functions include check writing, trade settlement, fee processing, receipts and disbursements, cash movement, transferal of assets, and reconciliation of all department accounts. Other responsibilities include setup and maintenance of client statements, tax reporting, management reporting, managing the trust system functions/and maintenance, monitoring assets, security pricing and adding securities to the master list. Work is varied in nature with changing priorities. This position requires a high degree of initiative, discretion, knowledge, and judgment, while working in compliance with established policies, procedures, and regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Reconcile and post cash and security transactions
- Client data input and account updates
- Reconcile security positions as custodian and mutual fund agents
- Accurately complete daily and monthly cash reconciliations, while identifying any resulting exceptions for research and resolution
- Balance the Trust/Rite accounting system daily
- Support Trust Operations Manager and Administrative Team as needed.
- Prepare Probate Court Inventories and annual Accountings
Requirements
QUALIFICATIONS & REQUIREMENTS
- Strong attention to detail is a must when dealing with system transactions, data input and reconcilements.
- Good aptitude for numbers and problem solving skills
- Demonstrated ability to work in a fast-paced, customer service environment
- Advanced written, oral and interpersonal skills with ability to respond to team members and resolve customer issues.
- Experience with Trust/Rite accounting software preferred
- Intermediate to Advanced knowledge in Microsoft Excel and Word
- Compliance Criteria: Knowledge of FDIC regulations
EDUCATION AND/OR EXPERIENCE
- High school diploma or equivalent
- Banking experience of 2+ years
- Experience in securities, trust, or brokerage operations a plus.