Corporate Trust Financial Management Analyst 3

U.S. Bank • Saint Paul, MN

1d • $64,855 - $76,300 • Hybrid

About The Position

U.S. Bank is hiring a Corporate Trust Financial Management Analyst to support our Global Corporate Trust Escrow business line. This role is responsible for the cash and asset management of trust accounts, including monitoring and investment of balances, valuations of assets and collateral, and proper funding of accounts in compliance with governing trust documents. The analyst will use contractual documents and internal control mechanisms to interpret cash and asset movements, prepare trust accounting system (SWP) entries, reconcile accounts, and maintain accounts from inception to termination. They will also interact with specialized units to ensure adherence to cash and asset management procedures and document legal requirements, and engage in daily direct customer interaction via phone and email. The role operates in a fast-paced environment and requires the ability to read and interpret governing documents, analyze required functionalities, and demonstrate flexibility with work hours on short notice.

Requirements

• Associate's degree or technical education, or equivalent work experience
• Two to three years of related experience
• Working knowledge of investments, accounting transactions, and client service
• Ability to review and interpret contractual documents to decipher all aspects of cash and asset transactions relating to the account
• Ability to perform mathematical calculations which can include percentages and pro rata breakdowns
• Well-developed analytical and problem-solving skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Excel

Nice To Haves

• Systems experience with Trust Accounting systems preferred

Responsibilities

• Uses contractual documents, along with internal control mechanisms, to interpret the amount and timing of cash and asset movements
• Prepares trust accounting system (SWP) entries, reconciles accounts, maintains account from inception until termination, and other account transaction duties
• Interacts with specialized units to provide meaningful quality measurements to relationship specialists to ensure that cash and asset management procedures are followed and document legal requirements are met
• Daily direct customer interaction via phone and email
• Works in a fast paced individualized environment
• Reads and interprets governing documents as well as analyzes what functionality we are required to adhere to
• Having the flexibility on work hours when work calls for it with short notice

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree