Trust Operations Specialist

Trust Operations Specialist

This position handles the operational and clerical aspects of trust accounts ensuring smooth and accurate processing of trust client information and documents.   This includes processing and coding transactions, maintaining accurate records and adhering to legal and regulatory requirements.  Individual will work closely with trust officers and other financial professionals to meet clients’ needs and achieve trust objective.

Essential Functions: 

• Process all operational receipts/disbursements/trade settlements daily
• Initiate and/or approve ACH and wire transfers
• Post and balance to all account statements
• Follow up on account disbursements, deposits, dividends, and memo ticklers
• Balancing/settlement of customer accounts and settlement accounts
• Process of IRA, RMD calculations and tax forms
• Production and submission of 1099’s and other tax documents

Knowledge & Experience:

• Experience in working in accounting and/or financial institution trust dept – 3 to 5 years
• General income tax knowledge helpful
• Specific Account Administration experience helpful with
• opening, closing and managing trust accounts
• handling deposits, withdrawals, taxes and other transactions
• Proficient with Microsoft Word, Excel, Outlook, and Premier
• General office skills; telephone, calculator, copy machine, fax, scanner, printer, etc. 
• Strong organizational skills and attention to detail and accuracy are essential
• Time Management and Prioritization skills
• Effective communication skills; written and verbal

Education/Training:

• Three years banking or accounting experience required. 
• College degree in accounting or finance preferred
• General trust knowledge preferred

Status/Standard Schedule:  Hourly full time position Monday through Friday 8:00 a.m. – 5:00 p.m.

EEO/AAP