Trust Administrator

Smith Debnam Narron Drake Saintsing & Myers, LLP•Raleigh, NC

About The Position

The Trust Administrator monitors and reconciles transactions involving money received and processed through client trust accounts. The role ensures transactions follow prescribed policies and procedures and maintains controls intended to safeguard client assets. It is also responsible for daily and monthly payment and bank reconciliations. Smith Debnam provides legal services to businesses and individuals in North Carolina and describes its employee environment as professional, with competitive salaries, quality benefit programs, and flexible work hours.

Requirements

At least one year of experience in finance or accounting.
Basic understanding of accounting processes, including ledgers, credits, and debits.
Advanced mathematical skills.
Intermediate Microsoft Office skills, including strong Excel experience.
Ability to work in a team environment.
Good verbal and written communication skills and legible handwriting.
Ability to process a large volume of work efficiently and precisely.
Proven ability to multitask and prioritize workflow.
Organizational skills and strong attention to detail.

Nice To Haves

Accounting or Finance bachelor’s degree is preferred.

Responsibilities

Reconcile monthly trust account statements with the bank and system account balances.
Post funds received each day to individual client accounts.
Pull client remittance reports and cost invoices for sending according to work standards.
Create a web pay report for system import and a report for daily payment postings.
Prepare cost checks for legal filings according to each client’s standards.
Prepare a daily deposit reconciliation file for payments received.
Image and scan each payment received daily into the appropriate file.
Reverse cost checks received daily and code them accordingly.
Prepare and consolidate information and supporting documentation for client audits as needed.
Pay invoices weekly for e-filing fees, FedEx fees, and certified mail receipts.
Review, prepare, and make daily electronic deposits for each client trust account.
Reconcile and pay client cost and fee invoices as received.
Assist with financial tasks and trust account projects as needed.