Trust Clerk creates and maintains trust account records, notices and reports. Prepares expense checks and may administer charge fees according to the requests of account administrator. Being a Trust Clerk may require an associate degree. Typically reports to a supervisor. The Trust Clerk may require 0-1 year of general work experience. Possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. (Copyright 2024 Salary.com)
Description
Department: Wealth Management
Reports to: Kurt Kunsch
Supervises: NA
Summary: The Wealth Management Department at Phoenixville Federal Bank & Trust, a community bank, is looking for an individual that has a strong work ethic, is self-motivated, detail oriented, a team player, and possesses excellent customer service and communications skills. The ideal candidate will possess an understanding of trust operations.
Requirements
Job Requirements:
· Superior attention to detail
· Knowledge of basic investing, investment vehicles, IRA’s, trust administration, estate administration and income/estate tax matters
· Self-motivated requiring minimal supervision
· Excellent written and oral business communication skills
· Demonstrates problem solving and decision-making skills
· Strong Microsoft Office (Excel, Word, and PowerPoint) skills
Preferred:
· Bachelor’s degree in business, economics, accounting, finance, or related field with two or more years of related experience or equivalent professional experience with five or more years of related experience.
Specific Job Functions:
1. Perform duties of trust administration including client communication, retention, and relationship management.
2. Perform duties of trust operations including daily posting, balancing and asset record management
3. Interface with trust accounting system, workflow processes and trust operations
4. Handle daily account transactions such as wire and cash transfers, ACH disbursements, bill payments, security transactions, purchases, and sales of assets
5. Coordinate account opening documentation processes including transfers of assets and accounts
6. Monitor transactions for completion and accuracy
7. Coordinate investment transactions
8. Calculate unitrust, total return, required minimum distributions, and other payments to beneficiaries
9. Provide backup support for trust officers in client service and communication
10. Coordinate tax related payment information
Work Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Physical Demands: This is largely a sedentary role. This position frequently communicates with customers, co-workers, managers. Must be able to exchange accurate information in these situations.
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