Associate Trust Operations Officer - Private Client

JTC Group; Sioux Falls (SD); Hybrid; USD 55,000 - 75,000; Full time

Job summary

South Dakota Trust Company is seeking a Private Client Administrator to support private client services in a hybrid work environment.

The role focuses on ensuring timely trust payments, maintaining client data, and processing trust accounting entries in accordance with legal documents and tax requirements.

Qualifications

• Bachelor’s Degree in accounting, business, legal or related field.
• Proficient with MS Word, Excel, and related software.
• Ability to interpret financial statements and legal documents.
• Excellent communication and organization skills.

Responsibilities

• Ensure payments for trust clients are made timely and in accordance with the trust documents.
• Maintain and update client data in the trust accounting system.
• Enter trust holdings into the accounting system based on legal documentation.
• Ensure client statements are provided and respond to client questions about accounting.
• Collect tax filings for mailing and verify payments are coded accurately.
• Process tax payments to the appropriate taxing authority.

Skills

Communication

Organizational skills

Multi-tasking

Education

Bachelor's Degree

Tools

MS Word

Excel

Job description

PURPOSE OF JOB

South Dakota Trust Company's business is designed to accommodate the needs and desires of wealthy clients, both domestically and internationally, providing “flexible, cost-effective, service-oriented trust administration” in the #1 rated domestic trust jurisdiction. SDTC’s core focus is to serve families’ individual goals, while preserving family wealth in perpetuity.

EMPLOYMENT TYPE: Permanent
DEPARTMENT: Private Client
DIVISION: Private Client Services
WORKPLACE STRUCTURE: Hybrid

Role Overview

South Dakota Trust Company's business is designed to accommodate the needs and desires of wealthy clients, both domestically and internationally, providing “flexible, cost-effective, service-oriented trust administration” in the #1 rated domestic trust jurisdiction. SDTC’s core focus is to serve families’ individual goals, while preserving family wealth in perpetuity.

Main Responsibilities And Duties

• Ensure payments for trust clients are made timely and are in accordance with the terms of the trust document and/or prevailing legal document.
• Maintain and update client data in trust accounting system.
• Enter trust holdings onto trust accounting system based on legal documentation.
• Ensure client statements are provided to clients and answer client questions regarding the accounting.
• Collect tax filings for mailing and verify payments are coded accurately.
• Process tax payments to the appropriate taxing authority.

Essential Requirments

• Bachelor’s Degree required in the area of accounting, business, legal or related field.
• Proficient computer skills with MS Word, Excel, and/or related software.
• Ability to interpret financial statements and legal documents.
• Must have excellent communication and organization skills.
• Must have ability to multi-task.
• Understanding of trust tax reporting, including but not limited to, forms 1041, 1042, FBAR, and FATCA desired.
• Understanding of trust compliance regulations desired.

OUR COMMITMENT TO INCLUSION & WELLBEING

JTC is committed to fostering a healthy, inclusive organisation where all individuals feel welcome and feel able to participate in the workplace fully. We value different perspectives, backgrounds and lived experiences. This includes supporting employee wellbeing so that people feel equipped to thrive.