Wealth Operations Administrator

First Bank & Trust • Brookings, SD

2d

About The Position

This role provides essential support for managing operational and internal administrative functions for trust accounts, including processing transactions, maintaining detailed records, handling asset movement, reconciling both client and department accounts, and ensuring regulatory compliance.

Requirements

• Associate’s degree with a minimum of 4 years of relevant experience, or an equivalent combination of education and experience.
• Solid foundational knowledge of financial instruments and principles, including stocks, bonds, mutual funds, tax concepts, and financial statements.
• Proven ability to manage multiple priorities in a dynamic environment while consistently meeting deadlines.
• Strong attention to detail, effective organizational skills, sound decision-making, and a commitment to high-quality work.

Nice To Haves

• Preferred background in banking, wealth management, trust services, law, or brokerage.

Responsibilities

• Process a high-volume of trust account transactions, including receipts, disbursements, income allocation, trade settlements, asset transfers, fee postings, and unique assets.
• Perform daily reconciliation of trust accounts and assets to ensure accuracy and identify discrepancies.
• Perform monthly reconciliation of department suspense accounts.
• Maintain accurate records for all trust activities, including reports, statements, and tax information.
• Assist wealth officers and administrators with requests and client inquiries, including client portal.
• Identify opportunities for process improvements, implementing controls, and managing operational risk.
• Crosstrain within the Wealth Operations team to provide coverage and support.
• Act in accordance with First Bank & Trust policies and procedures as set forth in the employee handbook.
• Adhere to compliance procedures and participate in required compliance training.

Benefits

• Comprehensive Healthcare Benefits Peace of mind when it comes to you and your family's well-being with generous health, dental, vision, and life insurance. Plus, optional access to additional life, disability, and other forms of insurance.
• 401(k) & ESOP Profit Sharing Employees are owners. Receive a match of up to 7% of your contributions to your retirement account.
• Wellness Program The Healthy Way Program incentivizes gym membership and hosts educational programs and challenges throughout the year.
• Education Student loan repayment assistance program. Tuition reimbursement. A robust internal training program that goes beyond onboarding. We want you to continue learning. That's why we offer job shadowing, a mentorship program, and more.
• Volunteer Service Hours Paid time to volunteer. Employees get 16 hours to take part in and donate their time to local charities.
• In-house Childcare & Preschool Kid's World childcare and preschool in Brookings is available for the children and grandchildren of employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 251-500 employees