Farmers Trust Company F

Trust Middle Office Administrator

Found in: Lensa US

Description:
SUMMARY:
This position is responsible for opening and closing trust company accounts through accurate documentation processing and asset transfers activities. This position will support all Trust Offices across the company's footprint and also assist the Trust Operations department.

ESSENTIAL DUTIES and RESPONSIBILITIES include, but are not limited to the following:

  • Open and establish all new accounts on trust software system efficiently with necessary documentation and accurate information, including fee calculation, statement and online access set up, personal identifiers, investment preference, income vs principal accounting, tax coding and recipient name and address inputs.
  • Close all trust system accounts scheduled for termination efficiently with necessary documentation and accurate information related to final distribution amounts, transfers, recipients and tax coding inputs.
  • Prepare, confirm and submit necessary documentation to initiate transfer of assets from multiple financial institutions, including transfer forms, client authorizations, statements and medallion guarantees.
  • Collaborate with Trust Company Administrative and Operations Teams to ascertain and verify information related to opening and closing of account duties.
  • Support Operations Team in efforts to obtain cost basis information/estate valuation, enter receipt and delivery of securities on trust system.
  • Assist Teams in navigating account online access issues and be available to reset client password or access as necessary.
  • Follow-up and confirm receipt of assets, from various sources, and troubleshoot problems related to ascertaining assets.
  • Complete other duties as assigned.
  • Efficiently complete tasks on core financial software systems to complete job duties.
  • Ability to create work product and necessary reports in Microsoft Office Suite, including Word, Excel and Outlook.
  • Operate and manage tasks within management information software system(s) and ability learn new system(s), technologies and processes.
  • Communicate with colleagues to resolve problems and advance objectives.
  • Type correspondence, reports and other documents and utilize electronic mail and internet access with due regard for institutional policies and procedures.
  • Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures.
  • Maintain compliance with all appropriate rules and regulations, including client confidentially requirements.
  • Regular, predictable attendance is an essential requirement of this position.
EDUCATION and/or EXPERIENCE:
  • High School diploma/GED required. Associate's, or Bachelor's degree preferred.
  • Minimum of two (2) years Trust experience or related industry experience
  • Must be proficient in the following computer programs (Word, Excel Spreadsheets, etc.) and able to use all general office equipment.
EducationRequired
  • Associates or better in Business Administration or related field
Preferred
  • Bachelors or better in Business Administration or related field
SkillsPreferred
  • Trust Services
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.

41 CFR 60-1.35(c)

calendar_today 1 day ago



location_on Boardman, United States

work Farmers Trust Company

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