OMNI Human Resource Management

Trust Operations

US-MO-Kansas City
Job ID
2017-1747
Client
National Advisors Trust

Overview

NATC Logo

 

National Advisors Trust Company, FSB is a federally chartered trust company with assets of more than $9 billion. Founded in 2001, NATC provides first-class trust and custodial services with professional attention delivered at favorable costs. Operations has been structured to function as a team in which individuals will have specific duties related to their position.  However, each individual will need to be knowledgeable in all areas over time.

 

Responsibilities

  • Ensure accounts are opened and reviewed timely.
  • Process and manage any incoming/outgoing transfer requests with sub-custodian(s)
  • Review and process cost basis daily which includes date of death.
  • Post various cash and securities transactions in support of the trust company.
  • Review and process any account maintenance requests.
  • Input, review and approve distribution requests to meet deadlines.
  • Process third party bank loans,Tri-State & Bancorp requests.
  • Process external audit letters/confirmations as requested.
  • Process new firm setups and add to account manual.
  • Review overdrafts daily.
  • Daily reconciliation of all types of assets.
  • Monitor trading on various platforms for stocks/bonds/mutual funds.
  • Ensure daily net settlement with sub-custodian is accurate and wires are received and/or delivered.
  • Research unmatched trades and load as necessary onto AddVantage.
  • Process unique asset purchases and capital calls and pricing.
  • Create/Review/Maintain/Process/Post corporate action notices.
  • Reconcile/post income on stocks/bonds/mutual funds and reconcile/clear control accounts.
  • Setup Cusips as needed.
  • Process Reversals/Amendments as needed.
  • Process Money Market Sweeps.
  • Review/route/approve wires and ACHs.
  • Review prior day UMB Bank Reports and monitor UMB DDA balance.
  • Process check deposits and balance.
  • Update interest rates on website weekly.
  • Process cash management on account openings and closings.
  • Process cash management dividend/income monthly.
  • Sort/deliver UMB Lockbox items.
  • Process client/trust requests on distributions.
  • Print/mail trust voucher checks daily.
  • Process stop payments.
  • Process tax block updates.
  • Process Federal & State Withholding payments and maintain/clear items in control accounts.
  • Invoice/charge NATC fees and create new fee schedules.
  • Follow-up on past due fees/work to collect fee receivables and initiate past due notices.
  • Process advisors firm fee distributions.
  • Process TD Ameritrade/Envestnet/Charles Schwab off platform transactions.
  • Process portfolio accounting system reconciliation for Logia
  • Quality Control with emphases to detail.
  • Provide outstanding client service to internal and external clients.
  • Extensive cross training within Operations.

Qualifications

  • Work Skills:  Robust industry knowledge of stocks, bonds, mutual funds and unique assets, excellent MS-Excel skills, high aptitude for detail, well-organized, great teamwork skills, unquestionable integrity. Appetite to excel in a fast paced, multi-dimensional role with strong deadlines.
  • Experience:  College degree or equivalent; 2 to 5 years experience in a Trust Department or Wealth Management setting preferred.
  • Work Environment:  Professional, business setting.

 

OMNI and our clients are Equal Opportunity Employers and seek diversity in candidates for employment. EEO Employer W/M/Vet/Disabled/Sexual Orientation/Gender Identity.

 

 

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