Trust Operations Specialist

Job Description

Job Description

Job Purpose : The Trust Operations Specialist performs a wide variety of duties, including assisting the Trust Officer in daily operations.

Duties and Responsibilities :

• Work with windows-based trust accounting system (including, new account set-up, account maintenance and daily transaction posting and balancing).
• Balance demand deposit accounts periodically.
• Print checks for distributions upon request.
• Transfer title on new assets and track completion.
• Take in new securities for trusts to be inventoried and distributed to proper individuals for placement on the trust books.
• Research cost basis for assets and adjust cost basis for date of death.
• Monitor stock splits and capital changes (mergers and spin-offs).
• Set up trust clients in Software.
• Set up and maintain department fee schedules.
• Reconcile the Charles Schwab assets monthly.
• Reconcile DDA Statements monthly.
• Contact BTC Financial Management Rep about maturities in the department.
• Solve problems associated with department balancing / computer work.
• Review outstanding checklist monthly.
• Perform dual control activities and reconcile quarterly.
• Collect and deposit new trust department money.
• Mail fiduciary tax returns, 1099's and 5498's.
• Answer telephone, transfer appropriate calls to officers and / or take messages.
• Responsible for department filing and record retention.
• Perform various clerical duties as needed.
• Be alert for and report any potential new business opportunities.
• Other duties as assigned.

Qualifications :

Working Conditions :

Physical Requirements :

To learn more about BTC Bank visit www.btcbank.bank!

EOE / Veterans / Disabled