Trust Operations Manager

Description

Role and Responsibilities:
• Manage the posting and maintenance of the Trust Ledger including interfaces and trade settlements.
• Manage the reconciliation of cash daily as well as bank and brokerage Statements.
• Manage the payment of bills for trust, estate, and agency accounts. This includes ACH payments and check payments to beneficiaries throughout the month.
• Verify updated market values on investment securities and post monthly, quarterly, and annual statements.
• Verification of new assets, new Person and Entity Files (PEFs) for vendors, and scheduled transactions.
• Oversees the timely distribution of estimated tax payments, CPA firm payments, and federal and state tax payments.
• Verify the Annual Cemetery Reports.
• Correspond effectively with clients, vendors, advisors, and accountants.
• Calculate Required Minimum Distributions.
• Review and respond to IRS Notices.
• Prepares and submits Trust tax packages to CPA Firm.

Supervisory Responsibilities:
• Oversees the daily workflow of the department.
• Interviews and trains new associates in the department
• Provides constructive and timely performance evaluations.
• Coordinates discipline and termination of associates in accordance with company policy.
• Ability to prioritize and delegate tasks.

Qualifications and Education Requirements:
• Bachelor’s degree in accounting or related field
• 5-years of experience in accounting
• Public Accounting or a Certified Public Accountant (CPA) is preferred.

Preferred Skills:
• Excellent verbal and written communication skills
• Strong supervisory and leadership skills
• Tact and public relations expertise
• Excellent customer service skills
• Proficient in Microsoft Office Suite or related software
• Basic understanding of investment securities
• Thorough understanding of accounting principles and procedures
• Ability to perform Internet research.
• Valid driver’s license and clean driving record