Trust Operations Specialist

7 hours ago


Memphis, Tennessee, United States Evolve, LLC Full time
Trust Operations Specialist

The Trust Operations Specialist plays a vital role in supporting the Trust Operations Manager in performing administrative and operational tasks delegated by the management officers of the Trust Department. This position requires developing a comprehensive understanding of Trust Department policies and procedures, as well as the trust accounting software system utilized by the department.

Main Job Tasks and Responsibilities:
  • Settlement Processing: Input Daily Settlement with Bank of New York (BNY) and process STN and ETF trades.
  • Corporate Actions: Process Corporate Actions, Stock Splits, and Reverse Splits.
  • Accounting and Reporting: Post 12(b)(1) Fees Monthly, setup new assets in the system, and process Federal and State Tax Reporting.
  • Wire and ACH Transactions: Input/release checks, wires, and ACH transactions in the SunGard and Jack Henry wire transfer and ACH systems.
  • Reconciliation and Auditing: Receive and post wire & ACH transaction receipts, invoice monthly wire transfer fees, and post monthly interest to customer accounts.
  • Trust Fund Management: Daily or monthly value common trust fund & pooled investment funds, and perform quarterly vault audits.
Requirements:
  • Education: Associates Degree Required, with a Marketing, Banking, Economics, Finance, or Business Administration Course Concentration preferred.
  • Experience: Two years' experience required.
  • Key Competencies: Good interpersonal skills, good verbal and written communication skills, self-motivation to work independently and prioritize own schedule, strong follow-up and execution skills, and good business acumen and professionalism.


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