Trust Operations Associate II - Omaha / On-Site

Established in 1964 in Omaha, Nebraska, our family-owned financial institution's vision is to be the best in class in meeting the evolving financial needs of our customers. Our extensive history and family-owned legacy give us a deep and genuine understanding of how to serve and treat our customers. We offer a holistic financial approach with solutions for personal, business and wealth in three markets: Iowa, Nebraska and Texas.

As a community bank, we value long-term partnerships built on trust and integrity. As an employer, we take pride in building meaningful relationships and celebrating the unique differences that define each team member; it's what makes us a stronger unit. It's one of the many reasons why creating a strong culture of empowerment, support, and opportunity is an ongoing focus.

JOB SUMMARY

This position is responsible for performing operational duties to contribute to the accurate and timely delivery of trust services, reports and client satisfaction.

ESSENTIAL FUNCTIONS

Client Account Processing (40%)

• Monitors, verifies, and posts the receipt and distribution of money and securities transactions to client accounts and ensure the accurate and timely recording of activity.   
• Reviews and approves distribution transactions, client address changes, and pay to records submitted by the administrative team.
• Maintains dual control function.

Account Reconciliation and Custodian Settlement (25%)

• Reconciles daily cash entries entered on the trust accounting system. Research and resolve out of balance issues.
• Reconciles department DDA accounts and other accounts as required.  
• Reviews daily net settlement reports and communication. Processes daily settlement wire to custodian.

Asset Management (20%)

• Deposits and withdraw assets maintained in the vault using the dual control system and conduct semi-annual vault count under dual control process.
• Gathers manual pricing data for month end processing and makes necessary adjustments to trust accounting system.
• Sets up and maintains unique assets in the trust accounting system.

Client Security Trade and Settlement (10%)

• Serves as a backup with the oversight of the settlement of clients’ security trades which includes mutual funds, equity and fixed income to ensure the accurate & timely settlement of securities transactions.  
• Serves as a backup with security and cash transaction exception, reconciliation review. Research and resolve any variance issues.

Client Retention (5%)

• Performs client service duties to include answering questions, conducting necessary research and responding to clients in a timely manner.

Performs other duties as required and assigned

KNOWLEDGE, SKILLS AND ABILITIES

• Working knowledge of trust accounting operations, policies and procedures including dual control safeguards.
• Working knowledge of all types of accounts including trusts, agencies, retirement plans and foundations.
• Working knowledge of various types of securities, asset classes, and fiduciary income tax implications.
• Possess strong customer relation skills, self- motivation, strong attention to detail, and ability to work independently.
• Ability to demonstrate a team-oriented mentality.
• Skills in operating a PC and using Microsoft Office applications.
• Ability to maintain regular and reliable attendance.
• Ability to complete required compliance training by assigned due date.

EDUCATION* 

• Minimum of a High School degree or equivalent required.

EXPERIENCE*

• Minimum of 2-3 years of experience in Trust Operations or similar role required.

*Equivalent education and experience will be considered

PHYSICAL REQUIREMENTS

While performing the duties of this job, the employee is regularly required to stand; use hands to handle or feel; reach with hands and arms; and talk or hear.  The employee frequently is required to walk.  Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and depth perception.

WORKING CONDITIONS

This job operates in a professional office environment with normal office working conditions. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

AFFIRMATIVE ACTION
Security National Bank provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws.