Employee Benefit Support Specialist 2 (On-Site)

Community Financial System, Inc.•City of Olean, NY

19h•Onsite

About The Position

At Community Financial System, Inc. (CFSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer commercial banking, wealth management, investment management, insurance and risk management, and benefit plan administration. Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day. To ensure our people can enjoy long and successful careers here at CFSI, we offer competitive compensation, great benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities. Under the direction of the Supervisor, responsible for accurate processing and reporting of securities settlement distributions and receivables, trust payables, receivables document preparation, records management new and terminating accounts. Maintain proficient knowledge of and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion

Requirements

High School Diploma or GED is required
All applicants must be 18 years of age of older
Organization, attention to detail and multi-tasking
Computer including Microsoft Excel
Verbal communication and Interpersonal
Math and Grammar
Analytical
Able to work independently
Ability to prioritize
A minimum of three to five (3-5) years of business office experience is preferred or three (3) years trust operations experience.

Nice To Haves

Associates Degree in Business/Accounting or equivalent training is preferred

Responsibilities

Provide operational and administrative support to trust officers and trust clients
Process receipts of funds and distributions
Posting and reconcilement of income transactions from investments with custodian
Process asset related adjustments to values/balances
Process incoming and outgoing asset transfers as directed by Trust Officer
Settlement of investment trades placed by internal and external Portfolio Managers with custodian
Perform various daily and monthly cash suspense account reconciliations
Review, research and provide for payment of trust client bills and taxes communicating with third parties to resolve billing
Process income tax activity
Release and reconcile scheduled payments by check and ACH, resolving uncashed check issues
Prepare and maintain accurate account documentation to support decisions/actions
Assist with the preparation of various internal and regulatory reports
Perform research to respond to client, trust officer, subsidiary and bank inquires
Appropriately escalates issue and concerns to manager
Other related duties as assigned or directed
Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to policies, procedures, and internal controls, and meet all training requirements in a timely manner