Trust Administrator II
General Duties & Responsibilities
Supports assigned Trust Relationship Manager in the administration of trust accounts.
Interacts in an ongoing relationship with associated financial partners and trust clients.
Assists with account administration functions to ensure client satisfaction.
Performs daily account activity:
Cash Management: review cash balances to avoid overdrafts, review document to determine if transfers can be made between portfolios and if there is a co-trustee, contact the assigned portfolio manager or the Trading Desk to raise cash. Post receipts, initiate checks/wires/ACHs, resolve account discrepancies.
Discretionary Memos: Contact/work with client to obtain information to be able to prepare the Discretionary Memo. Requires ability to review the document for specific fiduciary language. Be prepared to present memo to TRUST COMMITTEE in the absence of the TO.
Onboarding of New Accounts: work with RTCDELSUPPORT and the FA/assistant to ensure that the new account is set-up properly. Coordination of collection of assets.
Terminating Accounts: Includes preparing releases, dividing assets, and collecting all necessary paperwork; completing all steps on our closing account checklist.
Participate in the preparation of client presentation materials, read and interpret basic trust agreements/document
Coordinate tax information mailings to outside preparers, obtain draft copies of return prior to signature and submit to PWC to review
Monitor and pay tax vouchers submitted by clients or needed by outside preparers
Handles account inquiries from clients and beneficiaries, CPAs, FAs, and attorneys
Researches account discrepancies
Calculates fee sharing data, including manual calculations when necessary
Administers all systems related to management of trust accounts.
Maintains all account documentation for current and historical monitoring of accounts.
Special projects and other related duties assigned as needed.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Supports assigned Trust Relationship Manager in the administration of trust accounts.
Interacts in an ongoing relationship with associated financial partners and trust clients.
Assists with account administration functions to ensure client satisfaction.
Performs daily account activity:
Cash Management: review cash balances to avoid overdrafts, review document to determine if transfers can be made between portfolios and if there is a co-trustee, contact the assigned portfolio manager or the Trading Desk to raise cash. Post receipts, initiate checks/wires/ACHs, resolve account discrepancies.
Discretionary Memos: Contact/work with client to obtain information to be able to prepare the Discretionary Memo. Requires ability to review the document for specific fiduciary language. Be prepared to present memo to TRUST COMMITTEE in the absence of the TO.
Onboarding of New Accounts: work with RTCDELSUPPORT and the FA/assistant to ensure that the new account is set-up properly. Coordination of collection of assets.
Terminating Accounts: Includes preparing releases, dividing assets, and collecting all necessary paperwork; completing all steps on our closing account checklist.
Participate in the preparation of client presentation materials, read and interpret basic trust agreements/document
Coordinate tax information mailings to outside preparers, obtain draft copies of return prior to signature and submit to PWC to review
Monitor and pay tax vouchers submitted by clients or needed by outside preparers
Handles account inquiries from clients and beneficiaries, CPAs, FAs, and attorneys
Researches account discrepancies
Calculates fee sharing data, including manual calculations when necessary
Administers all systems related to management of trust accounts.
Maintains all account documentation for current and historical monitoring of accounts.
Special projects and other related duties assigned as needed.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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