Trust Securities Specialist

Exchange Bank

  • Santa Rosa, CA
  • 25 days ago
  • $22–$33 Per Hour

Highlights

Monitor completion of investment transactions for non-managed account transaction requests, including obtaining written confirmation of verbally directed trades. Manage daily cash flow, request securities trades from Investments team and/or initiate money market and cash transfers to avoid overdrafts as needed.

Numbers & Facts

LocationSanta Rosa, CA
Salary$22–$33 Per Hour

Description

Essential Functions

Account Maintenance: 50%

  • Manage daily cash flow, request securities trades from Investments team and/or initiate money market and cash transfers to avoid overdrafts as needed
  • Process daily mail and recommend action on items received to assigned Trust Officers.
  • Perform system maintenance including account master and interested party updates as needed.
  • Update pending disbursements and related records for invoices and distribution requests.
  • Review prior day transactions for accuracy and advise Trust Officer of any discrepancies.
  • Perform routine account file maintenance including imaging, paper filing, research and retrieval.
  • Act as liaison between Trust Officers and Trust Operations on issues related to account maintenance and transactions.
  • Direct calls and requests to appropriate Trust Officer.

Account Administration: 40%

  • Perform research in response to customer inquiries, including drafting routine correspondence on behalf of Trust Officer.
  • Prepare required backup documentation for annual account reviews and provide to Trust Officer.
  • Set up various types of accounts, close accounts and perform related follow-up.
  • Prepare required forms for reporting to Trust Operating Committee for account acceptance, opening, and closing as requested by Trust Officer.
  • Process deposits and disbursements from accounts and track for timely receipt of required contributions.
  • Request trade recommendations from Investments team on behalf of Trust Officer as necessary.
  • Monitor completion of investment transactions for non-managed account transaction requests, including obtaining written confirmation of verbally directed trades.
  • Provide responsive client service in support of Trust Officer, by handling incoming telephone calls and responding to client inquiries as needed.
  • Perform research required for various Trust Operating Committee reports.

Non-Essential Functions: 10%

  • Maintain orderly workflow in the absence of assigned Trust Officer.
  • Perform special projects and research as assigned.
  • Perform other duties as assigned

Minimum Qualifications:

  • Associate's degree in accounting, business administration, or related field and two years of experience in an administrative support role.; or an equivalent combination of education and experience.
  • Knowledge of modern office administration methods and practices.
  • Skill operating a personal computer including word processing, spreadsheet and presentation software
  • Basic mathematical calculation skills
  • Comprehensive understanding of trust operating system and operational processes utilized by Department. (Trust Specialist II)
  • Knowledge and understanding of general trust and/or Qualified Retirement Plan and IRA administration principles. (Trust Specialist II)

Physical Requirements: Ability to stand, bend, stoop, sit, walk, twist and turn. Ability to lift up to 15 pounds occasionally. Indoor office work environment with a majority of time sitting at a desk.

Compensation:

The hiring range for this position is to $22.00 to $33.00 per hour. The compensation offered will fall within this range, commensurate with the candidate's applicable experience, education and skills.

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