As of January 01, 2025, the average annual salary for a Trust Operations Clerk I in Norfolk, VA is $37,600. According to Salary.com, salaries can range from a low of $31,487 to a high of $44,096, with most professionals earning between $34,400 and $41,000.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $41,000 | $3,417 | $788 | $20 |
| Average | $37,600 | $3,133 | $723 | $18 |
| 25th Percentile | $34,400 | $2,867 | $662 | $17 |
An entry-level Trust Operations Clerk I with under 1 year experience makes about $36,514. With less than 2 years of experience, a mid-level Trust Operations Clerk I makes around $37,556. After 2-4 years, the Trust Operations Clerk I pay rises to about $39,631. Those senior Trust Operations Clerk I with 5-8 years of experience earn roughly $39,935, and those Trust Operations Clerk I having 8 years or more experience are expected to earn about $40,087 on average.
| Levels | Salary |
|---|---|
| Entry Level Trust Operations Clerk I | $36,514 |
| Intermediate Level Trust Operations Clerk I | $37,556 |
| Senior Level Trust Operations Clerk I | $39,631 |
| Specialist Level Trust Operations Clerk I | $39,935 |
| Expert Level Trust Operations Clerk I | $40,087 |
| Entry Level | 3% |
| Mid Level | 0% |
| Senior Level | 5% |
| Top Level | 6% |
| Experienced | 7% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
Estate Planning: Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax. Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can be determined by the specific goals of the client, and may be as simple or complex as the client's needs dictate. Guardians are often designated for minor children and beneficiaries in incapacity. The law of estate planning overlaps to some degree with elder law, which additionally includes other provisions such as long-term care.
Bookkeeping: Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.
| Skill | Salary | Demand |
|---|---|---|
|
Mutual Fund
|
$42,864 |
14%
|
|
Planning
|
$42,864 |
14%
|
|
Microsoft Office
|
$37,600 |
0%
|
|
Accounting
|
$37,600 |
0%
|
|
Accounting
|
$37,600 |
0%
|
|
Accounting
|
$37,600 |
0%
|
