Wealth Management Business Support Specialist II

First Interstate•Billings, MT

14d

About The Position

The Wealth Management Business Support Specialist II provides operational, tax, and escrow support to the Wealth Management team through proficient handling of workflow processing responsibilities utilizing multiple platforms. This position's emphasis will reside in the area of tax reporting obligations for Wealth Management accounts by working closely with team members and vendors to execute operational requirements in support of the overall Wealth Management strategy.

Requirements

Exhibit strong communication skills with a high ability to reason and problem solve.
Possess strong interpersonal skills and service responsibilities.
Ability to communicate effectively, both verbal and written.
Ability to work well with co-workers.
Ability to prioritize workload and remain adaptable under pressure.
Possess essential computer skills to include Internet, Microsoft Outlook, Microsoft Word, and Microsoft Excel.
Ability to pay attention to detail required, especially in time-sensitive and pressure situations.
Possess problem-solving skills.
Ability to read, comprehend and interpret documents such as Tax Publications, User Guides, Policies, and Procedures.
Ability to write routine correspondence and reports.
Ability to effectively present information in one to one and group situations.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute rate, ratio, and percent.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
Ability to deal with problems involving several concrete variables in standardized situations.
Ability to follow all Wealth Management policies and procedures, compliance regulations, and complete all required annual training.
Ability to lead and coordinate small to medium-sized projects with minimal supervision and keep open line of communication to key stakeholders.
High School Diploma or General Education Degree (GED) required
4-6 years experience in middle- or back-office operations, or accounting, within an investment, trust, or wealth management firm required

Nice To Haves

Bachelor's Degree in Business, Accounting, or related field preferred
Exposure and knowledge of estate, gift, fiduciary income, and individual income tax preferred

Responsibilities

Cross-trains on all middle office and escrow responsibilities to maintain business continuity.
Manages all aspects of client and fiduciary tax reporting in support of the Wealth Management team by applying experience and knowledge of estate, gift, fiduciary, and income tax.
Processes monthly Wealth Management revenues, assembles and analyzes periodic reports for Finance and Committee.
Acts as liaison in a business partnership role with various third-party vendors that support Wealth Management, tax, and escrow functions.
Reviews and approves transactions associated with marketable and non-marketable assets and perform quality review on assigned procedures.
Applies knowledge of intermediate accounting principles and trust accounting in areas of application, research, and complex problem-solving.
Provides support to Wealth Management offices and escrow, including prompt response to all inquiries, in a professional and responsive manner consistent within department standards and guidelines.
Completes special projects as assigned.