What are the responsibilities and job description for the TRUST OPERATIONS ASSOCIATE position at First Bank, Upper Michigan?
Description
The Trust Operations Associate will be responsible for providing support for Trust & Investment Management Group Staff and customers.
- Open and close accounts on Charlotte system; updates to account set-up as needed.
- Complete Account Opening Checklist, prepare forms and account file folders.
- Complete Death of Grantor and Account Closing Checklists; perform estate settlement tasks and completes account closing process, file insurance claims.
- Complete and submit transfer paperwork to other brokerage companies/financial institutions for new clients.
- Serve as back-up person for BNY settlement.
- Serve as back-up person for releasing/posting monthly Demand Note Income Maps (“Dnotes”)
- Post manual closing and estate settlement fees for Escanaba accounts.
- Set-up clients for PAL access and assist clients with sign-on issues.
- Send class action litigation claim information to Chicago Clearing and process payments when received.
- Assists with preparing IRA distribution forms.
- Assist with printing monthly, quarterly and annual statements.
- Assist with preparation of new account packets, RFP packets for new proposals, and quarterly/semi-annual board meeting packets for foundation and non-profit accounts.
- Performs general administrative duties in the area of mail, correspondence filing and scanning.
- Other duties as assigned.
Requirements
- Bachelor’s degree in Business, Finance, or a related field.
- Excellent interpersonal, organizational, and decision-making abilities.
- Demonstrates professionalism and maintains strict confidentiality at all times.
- Proven clerical experience with strong typing skills and proficiency in Microsoft Office applications.
- Prior experience in a financial institution is an asset.
