Trust Administration Assistant supports Trust Estate Officers in servicing accounts and responding to customer requests. Processes sales and purchases of securities and other investment related transactions. Being a Trust Administration Assistant tracks confirmations, audits transactions according to policy. Researches and resolves any issues. Additionally, Trust Administration Assistant may require an associate degree. Typically reports to a supervisor. The Trust Administration Assistant works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Trust Administration Assistant typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Trust Administrative Assistant
Department: Wealth Management
Reports to: Kurt Kunsch, SVP Trust Managing Director
Supervises: NA
Summary: Phoenixville Federal Bank & Trust is looking for an investment and trust administrator to support the Wealth Management division of the bank. The individual should possess general banking and investment management knowledge for the position. We seek a person that has a strong work ethic, is self-motivated, detail oriented, a team player, and possesses excellent customer service and communications skills. The ideal candidate will possess an understanding of investment and trust operations.
Job Requirements:
· Superior attention to detail
· Knowledge of basic investing, investment vehicles, IRA’s, trust administration, estate administration and income/estate tax matters
· Self-motivated requiring minimal supervision
· Excellent written and oral business communication skills
· Demonstrates problem solving and decision-making skills
· Strong Microsoft Office (Excel, Word, and PowerPoint) skills
Preferred:
· Bachelor’s Degree in business, economics, accounting, finance, or related field with two or more years of related experience or equivalent professional experience with five or more years of related experience.
Specific Job Functions:
1. Perform duties of trust administration including client communication, retention, and relationship management.
2. Perform duties of trust operations including daily posting, balancing and asset record management.
3. Interface with trust accounting system, workflow processes and trust operations.
4. Handle daily account transactions such as wire and cash transfers, ACH disbursements, bill payments, security transactions, purchases, and sales of assets.
5. Coordinate account opening documentation processes including transfers of assets and accounts.
6. Monitor transactions for completion and accuracy.
7. Coordinate investment transactions.
8. Calculate unitrust, total return, required minimum distributions, and other payments to beneficiaries.
9. Provide backup support for trust officers in client service and communication.
10. Coordinate tax related payment information.
Job Type: Full-time
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Work Location: In person