What are the responsibilities and job description for the Trust Operations Assistant position at Bank of Ann Arbor?
Description
Who We Are
It is the mission of Bank of Ann Arbor to be a dynamic, growing and sustainable community bank that is the premier financial institution within the markets it operates; it will be owned by individuals in its markets, managed locally, and responsive to the needs of its communities. The Bank will serve and partner with its customers and communities to achieve their financial goals through high quality products delivered by energized employees and through community service comprised of donations, time, and leadership. Our employees are valued and will work in a culture that invests in their development and rewards their positive contributions. Bank of Ann Arbor is one of the nation’s best financial institutions, serving the Southeast Michigan area for over 25 years.
What We Offer
A great place to work! At Bank of Ann Arbor, we help our clients succeed financially. We serve our clients with a purpose and a passion, and our talented team delivers uncompromised value with every interaction.
We inspire fresh ideas, bold creativity, and outside-the-box ingenuity by asking, “How can we do banking differently?” We celebrate individual achievement and excellence with proud recognition and upward opportunity.
We work together in a spirit of “together we can” teamwork, mutual respect, and a unified effort to reach common goals. We work hard but we are fortunate to do it in an atmosphere that’s upbeat and fun.
We live our passionate “community commitment” to strengthen, educate, and elevate the prosperity of the communities we’re proud to call home. Our culture has also been positively influenced by our nationally recognized wellness program. Crain's Detroit Business magazine included Bank of Ann Arbor on its list of Healthiest Employers in Southeast Michigan.
If you like to work with passion and purpose, collaborate, elevate, and celebrate, Bank of Ann Arbor is the place for you. We don’t call ourselves the World’s Best Bankers for nothing. We are the leaders and best at what we do.
Comprehensive benefits package to include Medical & Prescription, Dental, Vision, Competitive 401K with match, PTO, Wellness program, Free Banking Products and Dog Days!
Who You Are
The Trust Operations Assistant provides day-to-day operational support for asset processing and control, account transfers, processing daily activity, trade execution and settlement, client statement production, and corporate actions. In your role, you will work in a collaborative team environment, supporting departmental and business goals. You provide support for the team in various functions associated with daily processing, ensuring the accurate and timely processing of all requests assigned.
Your Role
- Initiate and monitor all incoming and outgoing account transfers via ACAT and non-ACAT transfer processes.
- Post transactions from our asset custodian’s daily reports including trade settlement and asset transfers.
- Post and deliver cost basis for all incoming and outgoing asset transfers,
- Setup and maintain any new assets in the trust accounting system and provide day-to-day operational support for asset valuation updates and security master setup.
- Gather, review and verify required documents for completion and accuracy including asset setup, valuations, and corrections.
- Document, verify, and process corporate actions that affect client’s securities, such as stock splits and mergers and acquisitions.
- Confirms tender offers, redemption notifications and proxy and prospectus are issued to account holders.
- Monitor and update corporate actions as necessary.
- Prepare and distribute client account statements as needed.
- Participate in continuous improvement for our team, assessing current processes and making recommendations for improvements where appropriate.
- Perform other duties as assigned.
Requirements
Your Knowledge and Experience
- High School or GED required, Associates’ Degree Preferred; or equivalent related work experience required.
- Minimum 2 Years of applicable experience preferred.
- Knowledge of Trust Operations and securities processing preferred.
- Requires excellent attention to detail and accuracy; with ability to manage multiple tasks and deadlines.
- Proficient in Microsoft Office Suite (Excel, Word, etc)
- Requires strong problem-solving, time management, organizational and data entry skills.
- Ability to communicate effectively verbally and in writing.
- Work collaboratively in a team environment to achieve team, department, and overall business goals.
SUPERVISORY RESPONSIBILITY
This position does not have supervisory responsibilities.
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.
TRAVEL
This position does not require travel.
POSITION TYPE/EXPECTED WORK HOURS
This is a full-time position. Days and hours of work are generally Monday through Friday. There will be occasions which may require extended time or after-hours commitment.
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, typing or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.
The noise level in the work environment is usually moderate.