Trust Operations Specialist - Distributions Specialist

Columbia Bank•Denver, CO

1d•$23 - $30•Onsite

About The Position

The Distributions Specialist performs accounting functions for the Trust department as it administers trusts, agency accounts, estates, conservatorships, and IRAs. The role posts transactions to the trust accounting system accurately and independently, processes transactions according to client instructions, archives and documents cash transactions, and communicates with clients about the status of their requests. The specialist promptly addresses issues arising from client contact and follows required client-contact procedures. With guidance from senior team members, the specialist assists with cashiering activities for institutional client conversions and deconversions and develops an understanding of complex distributions, including Roth conversions, alternative asset re-registrations, and plan distributions. The position also supports compliance with applicable bank regulations, policies, procedures, and training requirements; keeps current on regulatory changes; and may coach, mentor, or train others. The role is fully onsite at the posted Denver, Colorado location. The role offers a pay range of $23.00 to $30.00. The selected candidate's pay depends on job-related knowledge, skills, experience, education, and geographic location. Performance-based incentive compensation may also be available.

Requirements

High school diploma or GED required.
Highly organized, with the ability to handle multiple tasks at one time.
Excellent organizational, time-management, problem-prevention, and problem-solving skills.
Excellent communication skills.
Ability to thrive in a team-oriented environment.
Flexible and willing to work in a fast-paced, dynamic environment.
Strong understanding of a PC and Windows environment.
Developing professional expertise and ability to apply company policies and procedures to resolve a variety of issues.

Nice To Haves

One year of related experience preferred.
Prior financial services experience in a transaction-processing environment preferred.

Responsibilities

Post transactions on the trust accounting system accurately and without direction.
Process transactions accurately and according to client instructions.
Ensure documentation related to cash transactions is appropriately archived and noted.
Communicate proactively with clients by phone to advise them of request status.
Quickly remediate issues or concerns arising from client contact.
Follow procedures related to client contact.
With guidance from senior team members, assist with cashiering activities related to institutional client conversions and deconversions.
With guidance from senior team members, develop an understanding of complex distribution activities, including Roth conversions, alternative asset re-registrations, and plan distributions.
Comply with applicable bank regulations for assigned job functions and keep up to date on regulatory changes.
Follow bank policies, procedures, and compliance regulations, and complete required annual or job-specific training.
Maintain working knowledge of written bank policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security, and other applicable regulations.
May coach, mentor, or train others and teach coursework as a subject matter expert.
Demonstrate and foster Columbia's corporate culture, take personal initiative, and serve as a positive example.
Perform other duties as assigned.

Benefits

Medical, dental, and vision plans for eligible associates.
401(k) retirement savings plan with employer match for qualifying associate contributions.
Employee assistance program.
Life insurance.
Disability insurance.
Tuition assistance.
Mental health resources.
Identity theft protection.
Legal support.
Auto and home insurance.
Pet insurance.
Access to an online discount marketplace.
Paid vacation, sick days, volunteer days, and holidays.