Trust Accountant

Job Description

Job Description

We are looking for a detail-oriented Trust Accountant to join our team in Portland, Maine. This role requires someone who can manage a wide range of trust accounting functions, ensuring accuracy and compliance in financial transactions. The ideal candidate will excel in client communication, account administration, and regulatory processes.

Responsibilities :

• Oversee the management of account transactions, including opening and closing brokerage accounts, asset transfers, money movement, charitable gifting, trust distributions, reconciliations, and general account administration.
• Communicate directly with clients to address inquiries and resolve account-related issues efficiently.
• Prepare and present monthly reports for the Trust Administrative Committee, providing clear financial insights.
• Assist in arranging client meetings, including scheduling and finalizing meeting materials.
• Maintain accurate and up-to-date client and prospect information within the organization's client relationship management system.
• Coordinate tax return processes by liaising with clients, internal tax teams, and external service providers.
• Conduct annual regulatory reviews of accounts to ensure compliance with applicable standards.
• Provide backup support for other administrative functions within the company as needed.
• Organize office-related tasks, including filing, scanning, and creating electronic client directories.
• Serve as backup to the Office Administrator, professionally handling incoming calls and directing them appropriately.
• Proficiency in managing trust accounts, including transactions and reconciliations.
• Strong experience with bank reconciliations and general ledger maintenance.
• Ability to handle cash reconciliations with accuracy and attention to detail.
• Skilled in preparing and posting journal entries in compliance with accounting standards.
• Excellent organizational skills to maintain detailed and accurate records.
• Effective communication abilities for client interaction and issue resolution.
• Familiarity with regulatory requirements for annual account reviews.
• Competence in using client relationship management software and other relevant tools.