Trust Operations Specialist (On-site)
About The Position
Devon Bank is an independent community bank serving the Chicagoland area and beyond. Our mission has always been to be the bank that the neighborhood needs—to tailor its service offerings to the particular demands of the community. We are known for going the extra mile for our customers by offering personalized service and customized solutions. We are a full-service bank including home financing, trust and investments as well as a full range of business financing products. Our Trust Operations area includes a broad variety of functions that provide support to both internal and external customers. These functions include check writing, trade settlement, fee processing, receipts and disbursements, cash movement, transferal of assets, and reconciliation of all department accounts. Other responsibilities include setup and maintenance of client statements, tax reporting, management reporting, managing the trust system functions/and maintenance, monitoring assets, security pricing and adding securities to the master list. Work is varied in nature with changing priorities. This position requires a high degree of initiative, discretion, knowledge, and judgment, while working in compliance with established policies, procedures, and regulations.
Requirements
- Strong attention to detail is a must when dealing with system transactions, data input and reconcilements.
- Good aptitude for numbers and problem-solving skills
- Demonstrated ability to work in a fast-paced, customer service environment
- Advanced written, oral and interpersonal skills with ability to respond to team members and resolve customer issues.
- Intermediate knowledge in Microsoft Excel and Word
- High school diploma or equivalent required
- Banking experience of 2+ years
Nice To Haves
- Experience with Trust/Rite and GlobalWealth ES accounting software is a plus
- Knowledge of FDIC regulations preferred
- Experience in securities, trust, or brokerage operations a plus
Responsibilities
- Opening and closing of client accounts; data input and client account updates
- Post receipts, transfers and disbursements as directed by the Administrative Team
- Reconcile security positions at custodians and mutual fund agents
- Accurately complete daily and monthly cash reconciliations, while identifying any resulting exceptions for research and resolution
- Balance the GlobalWealth ES accounting system daily
- Prepare Probate Court Inventories and annual Accountings
Benefits
- UnitedHealthcare (UHC) Medical coverage
- Dental and Vision coverage through Guardian
- Employer-paid Life Insurance, plus Short- and Long-Term Disability
- 401(k) with employer match
- Voluntary, employee-paid options such as legal coverage, accident insurance, pet insurance & more
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
