Trust Operations Specialist
Job Details
Entry
Mason City branch - Mason City, IA
Full Time
High School
None
Day
Finance
Description

POSITION SUMMARY:  Accurately reflects the status of trust accounts by verifying and completing trust transactions.

ACCOUNTABILITIES:

Process and Maintain Trust Processing System:           70%

    • Authorizes security deliveries/receipts to custodian.
    • Employee benefit contributions/distributions.
    • Performs cash management activities, including recapping, wires, and ACH.
    • Prepares DDA deposits and withdrawals.
    • Generate, balance and print checks.
    • Generate, sort, and mail customer statements.
    • Communicates with staff and back offices, fields questions and provides technical support.
    • Assists in training of staff on new policies/procedures.
    • Posts daily trust account transactions for Trust and back office client accounts.
    • Balance trust DDA daily.
    • Posts asset deliveries/receipts to client accounts.

Account Maintenance:                                     10%

    • Opens/closes accounts on trust processing system.
    • Opens/closes mutual fund accounts and bank accounts.
    • Files account documentation and/or prepares for scanning.

Trades :                                                           10%

    • Executes authorized stock, bond & mutual fund trades.
    • Executes authorized CD purchases, etc.
    • Provides trade notices to clients.

Other Duties:                                                   10 %

      • Provides backup for trust operations staff during absences.
      • Trains new staff on operations, policies and procedures.
      • Maintains dual control and segregation of duties as required by Treas. Reg. 9.
      • Complies with regulations regarding client privacy and financial security
      • Assists trust staff when required – act as a liaison between trust operations and administration.
      • Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, and establishing personal networks.
      • Contributes to team effort by accomplishing related results as needed.
  • Maintains customer confidence and protects trust operations by keeping information confidential.
  • Participates in civic and community activities to generate visibility and contact for the company.
  • Attends mandatory compliance and security sessions.  Monitors daily work for adherence to compliance and security regulations, policies/procedures, and promptly corrects any deficiencies.
 

ENVIRONMENTAL CONDITIONS:

  • Work is performed primarily indoors in an office setting.

 

PHYSICAL AND MENTAL DEMANDS:

  • Position accountabilities are typically performed while sitting for most of the day.  The physical and mental demands of this position are representative of those that must be met by an employee to successfully perform the essential position accountabilities.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential position and accountabilities.  First Citizens Trust Company reserves the right to review each requested accommodation and determine if it poses an undue hardship.

 

  • KNOWLEDGE, SKILLS AND ABILITIES:
  • High School diploma or equivalent, college degree preferred.
  • Proficient clerical skills that include use of standard office equipment, word processing, and spreadsheet experience.
  • Minimum 2-years banking/trust experience, preferred.
  • Skill in performing basic mathematical principles (such as addition, subtraction, multiplication, division, decimals) in account transactions.
  • Knowledge of the layout and functions of the computer keyboard and ten key adding machine; skill of using the touch system to perform data input.
  • Organization skills in both paper and electronic files.
  • Proficient in Microsoft Word, Excel, and Outlook.
  • Basic understanding of accounting principles and banking.

 

 
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