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Osaic · 1 day ago

Trust Administrator II

Henderson, NV

Full-time

Onsite

Entry, Mid Level

$45K/yr - $60K/yr

2+ years exp

Osaic is a company in the financial services sector, and they are seeking a Trust Administrator II to join their Premier Trust team. The Trust Administrator will be responsible for the administration of assigned accounts and ensuring compliance with all relevant policies and regulations.

Business DevelopmentFinancial ServicesWealth Management

No H1B

Responsibilities

Administrates accounts in accordance with the terms of the governing instrument and in a manner consistent with the needs of principals, beneficiaries, and remaindermen

Contact or correspond with persons, agencies, and organizations that have an interest in any aspect of an account

Maintain an awareness of new business opportunities and advise or consult with other officers on details of proposed plans and communicate information to marketing administrator for follow up

Assists in analyzing the need of funds according to conditions of trust needs of beneficiary

Coordinate and review the preparation for filing federal and state tax returns for trusts

Establish and maintain client data

Initiate and/or assist in the funding on new accounts

Interacts frequently with subordinates, peers and functional managers

Operates personal computer and all necessary programs to obtain and process data

Maintains strict confidentiality of all records and data received and produced

Answers telephones, emails, answers questions and directs callers to proper personnel

Responsible for compliance with all company policies, state laws and regulations

Complies with Bank Secrecy Act (“BSA”), OFAC Anti-Money Laundering (“AML”), and USA PATRIOT ACT policies, procedures, by properly verifying the identity of any person/business an account, maintaining records of the information used to verify each costumer and consulting lists of known terrorists before opening an account

Complies with the compliance policies and procedures

Ensures that proper risk-rate customer as outlined in the Customer Identification Program

Report any customer suspected of suspicious activity immediately to the BSA/Compliance Officer

Participate in required annual BSA/AML/OFAC and Compliance training

Consistently reports to work on time; adhere to scheduled breaks; attends all meetings and training as required of the position

Exhibits objectively and openness to others’ views; gives and welcomes feedback; contributes to building a positive team spirit

Understands business implications of decisions; displays orientation to profitability, aligns work with strategic goals

Treats people with respect; keeps commitments; Inspires the trust of others; works with integrity and ethically; upholds organizational values; accepts responsibility for own actions

Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce

Follows policies and procedures; completes administrative tasks correctly and on time; supports the company goals and values

Performs the position safely, without endangering health or safety to himself or herself or others, will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct

Responsible for timely and accurate preparation of initial and annual trust reviews

Review and take necessary timely action on system ticklers

Responsible for preparation and submission of discretionary request to TAC committee

Focus and completion of personal goals established annually

Stays current regarding regulatory rulings and enrolls in CE courses if needed

Qualification

Trust administration experienceState trust compliance knowledgeTrust policiesProceduresMicrosoft WordMicrosoft ExcelCertified TrustFiduciary AdvisorCommunication skillsOrganizational skillsTyping skillsMath skillsDelegation skillsSensitivity to deadlinesIndependenceProblem-solving skillsTime management skillsTeamwork

Required

Bachelor's Degree Preferred, H.S. Diploma or GED certificate + Significant Practical Experience in the financial services industry specifically in Trust Administration will be considered

Minimum two (2) years of trust administration experience

Intermediate knowledge of related state trust compliance regulations, and other trust operational policies

Intermediate knowledge of trust policies and procedures, and trust products and services

Intermediate skills in and personal computer operation; word processing, spreadsheet (e.g., Microsoft Word, Excel etc.) programs

Typing skills to meet production needs of the position

Intermediate math skills; ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; Ability to compute ratios, percent and to draw and interpret bar graphs

Good oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees

Ability to define problems, collect data, establish facts, and draw valid conclusions

Effective organizational and time management skills

Ability to work with minimal or no supervision while performing duties

Current driver's license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities

Demonstrates sensitivity to deadlines and ability to multi-task

Ability to work independently and with a team

Ability to delegate tasks when necessary

Ability to deal with routine to difficult problems involving multiple facets and variables in non-standardized situations