Union Bank and Trust Company · 1 hour ago
Mutual Fund Services - Trust Operations Specialist Level 4
Minneapolis, MN
Full-time
Onsite
Mid LevelUnion Bank and Trust Company is seeking a Trust Operations Specialist to manage mutual fund trading and servicing. The role involves executing trades, reconciling positions, and ensuring accurate processing of transactions within the trust accounting system.
BankingFinancial ServicesLending
Responsibilities
Mutual Fund Trading – execute and settle mutual fund trades through multiple fund companies; research trade and out of balance discrepancies; move money between UB&T and fund companies; work with broker and investment managers on discrepancies
Mutual Fund Servicing – set-up mutual fund assets on the core accounting system, perform fund exchanges, post income and capital gains transactions
Mutual Fund Servicing - reconcile positions on a weekly basis for omnibus mutual funds
Proxy – perform proxy services as needed which includes uploading holders and researching issues or discrepancies; work with the proxy vendor (Broadridge) and their software to process ballots
Shadow Accounting – post transactions to the trust accounting system (FIS Global Plus); balance outside statements to the trust accounting system; research discrepancies
Imaging – scan documents into the Joshua Imaging System
Federal Reserve – Act as backup for daily balancing and reconciliation of Federal Reserve incoming and outgoing wires
Qualification
Preferred
High School Diploma or Equivalent
Trust or brokerage operations experience
Knowledge of trust accounting software
Basic understanding of bookkeeping skills
Basic experience in Excel
Self-motivation, and attention to details working in a fast-paced environment
Ability to communicate (orally and in writing)
Ability to maintain discretion and confidentiality
Ability to work within a team environment
High level of accuracy and timeliness
Maintains knowledge and understanding of internal service standards
Ability to deliver a high level of responsiveness to internal and external clients
Ability to multi-task and organize priorities
Strong aptitude for problem solving
Professional behavior and appearance
Company
Union Bank and Trust Company
Founded in 1976 by 24 construction and trade unions, Union Bank & Trust (UBT) remains one of the few financial institutions in America that is proudly union-owned and union-controlled.
Founded in 1976
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Ruth Peterson
President/CEO
Jacki Christenson
Executive Assistant to President / CEO
Recent News
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