Trust Clerk jobs in Meridian, MS

Responsible for business development of defined contribution, defined benefit, deferred compensation, individual retirement accounts (IRAs) and investment accounts in accordance with the bank's written policies and procedures plus administration of these types of accounts. Duties include, but are not limited to, the supervision of department personnel, development of professional client relationships, review of client files and legal documents to ensure that accounts are properly invested. Daily duties also include processing contributions, distributions and loans; completing all retirement plan reports, administrative reviews, amendments, and tax returns, and performing employee education meetings with clients.

Principal Duties and Responsibilities: (Majority of duties performed, but not meant to be all inclusive or to prevent other duties from being assigned)

• Responsible for daily administration of defined contribution, defined benefit, deferred compensation, individual retirement accounts (IRAs) and investment accounts in accordance with department written policies and procedures.

• Develop and implement practices to handle questions from clients and provide information to them as needed

• Process daily checks and deposits quickly and efficiently to include proper coding, loan deposit processing, balance confirmation, and moving funds from one account to another as instructed by client

• Prepare check requests

• Process client contributions, distributions and loan requests using the appropriate forms needed to book loan on the system

• Determine liquidity as needed

• Learn procedures/documentation needed for Investment and Administrative Reviews

• Set up and maintain all retirement services plan files to ensure they are current, organized, and accurate

• Perform employee education meetings with clients

• Develop and maintain a system to monitor and follow up on pending items

• Set up new accounts onto trust accounting system and be able to research needed information on the system

• Makes recommendations to ensure that the financial institution's trust retirement services administration program is in compliance with state and federal regulations

• Manage/perform special projects as assigned

• Responsible for developing new business

Job Specifications: (Knowledge, skills, and abilities normally required for competent performance in the job)

• Master's or Bachelor's degree in business, finance or related field.

• Three years of retirement services administration or work related experience preferred.

• Duties require professional/effective verbal and written communication skills.

• Ability to communicate and maintain a professional manner in conversation and appearance with clients, vendors and other trust personnel.

• Ability to reason and make basic decisions unsupervised.

• Ability to read and understand routine legal and trust documents and other documents such as operations, maintenance and procedure manuals.

• Ability to compose or create routine reports and correspondence.

• Ability to multitask job functions.

• Must be sales oriented with the ability to generate new business.