Director Of Trust Operations

Director of Trust Operations
Position Summary: Manages a team that performs all operational duties.

Essential Functions:

1. Direct liaison between management and trust accounting services vendors.
2. Handle administrative changes to trust accounting system.
3. Set up all new and transferring accounts and post assets to these accounts.
4. Monitor, maintain and reconciles all trust assets.
5. Reconcilement of trust checking account.
6. Order mutual fund trades and settlement of all trades.
7. Settlement of fees.
8. Set up new fee and investment schedules as necessary.
9. Submit wires and ACHs as necessary. Print and mail checks, or internal bank tickets, for client distributions and bills.
10. Post monthly factors to mutual funds and indexes.
11. Facilitate closing of accounts.
12. Submit tax payments to IRS and state governments.
13. Facilitate submission of year-end tax information.
14. Prepare month end exceptions report for management.
15. Verify and approve monthly balancing of suspense accounts.
16. Procurement of month end numbers for management and board reports.
17. Complete Quarterly Call Report.
18. Manage and cross-train other employees on operations, including both Operations Staff and those located in our branch locations.
19. Work with management and trust accounting system provider to develop a strategic plan for operations staffing.

Other Responsibilities:

1. Assists management with reviewing and interpreting vendor contracts and making additions or changes to providers, as necessary.
2. Assists management in maintaining complete and current procedures for department.
3. Researches and applies proper regulations.
4. Perform job duties in accordance with all appropriate laws and regulations, including BSA.
5. Perform other work-related duties as assigned.

Physical demands:
While performing the responsibilities of the job, the employee is required to speak English and hear. The employee spends 90% of the day sitting at a desk. Occasionally, the employee will stand and walk (10%) of the day. The employee may be required to lift up to 20 pounds to perform their job.
Education, Experience, and skills required:

1. College degree is preferred.
2. Formal trust school, with emphasis on trust operations, is preferred.
3. Good mathematical, balancing, and organizational skills.
4. Ability to work without supervision.
5. Experience with Office 365.
6. Strong communication and interpersonal skills.