Intern - Private Wealth

IQ-EQ•Rapid City, SD

10h•Onsite

About The Position

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide. We employ a global workforce of 5,800+ people across 25 jurisdictions and have assets under administration (AUA) exceeding US$750 billion. We work with 13 of the world’s top-15 private equity firms. Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts. Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding. We’re driven by our Group purpose, to power people and possibilities.

Requirements

Current Junior or Senior standing in college; Bachelor’s degree track in Business with emphasis in Accounting or Finance (prior to start date).
Interest in fiduciary accounting and the trust industry.
Strong computer / Excel skills and desire to master trust accounting system.
Strong communication skills (written and oral)
Strong organizational skills to be able to handle multiple projects at once.
High attention to detail
Self-starter: ability to deal with ambiguity, solve problems, set priorities and track/resolve issues.

Responsibilities

Provide support for Trust Accounting department activities:
Asset set-up and maintenance.
Posting of cash activities.
Monthly fee processing.
Internal audit program procedures.
Other ad-hoc projects as they arise.
Month-end account reconciliation:
Perform monthly reconciliations of trust accounting system on assets held away and other alternative assets (equities, private businesses, loans, real estate etc.).
Review and execute trustee duties within complex Trust structures:
Research Trust transactions with a team of Trust Accounting Analysts.
Research and resolve intricate scenarios that arise within Trust structures.
Support Trust Officers with client relationship management (CRM) system.