Trust Operations Group is responsible for the overall coordination of daily operations for the Trust Company. The Trust Operations Associates implement and maintain operational controls for the Trust Department with a focus on transactional reviews, account and asset reconciliations, record keeping, and tax and portfolio accounting functions. The position requires a strong orientation towards operational efficiency, productivity, internal controls, compliance and process improvement. The Trust Operations Associates may be called upon to support the Trust Administrative Officer in the delivery of a variety of Trust administrative services.
Essential Job Functions:
- Reconciliation of Corporate Accounts daily.
- Posting of Daily Transactions
- Money movement including printing client checks, preparing ACH transfers and wire transfers.
- Prepares correspondence and reports as needed.
- May assist Trust Administrators with client accounts including fund transfers, the addition of assets to accounts, closing accounts, and other functions as requested by Management.
Other Functions:
- Accurately prepares trust accounting entries, receipts, and other documents.
- Reviews transactions and makes adjustments as necessary.
- Monitors account activity and consults with Officers.
- Filing, copying, scanning, research and other tasks that may be required.
- Participates in the sorting and delivery of client statements.
- Participates in income tax reporting and the timely delivery of tax information to clients.
- Maintains personal tickler/system alerts.
- Other duties as requested by their supervisor or other management representatives.
- Must comply with all Trust Company policies and procedures that are job related and/or consistent with business necessity.
EDUCATION AND EXPERIENCE:
High school or GED, plus specialized schooling and/or on the job education in a specific skill area; e.g. data processing, clerical/administrative, equipment operation, etc.
EXPERIENCE GENERAL:
3 years related experience and/or training.