Associate Trust Operations Officer – Private Client

JTC Group; Sioux Falls, Northern (SD, KY); On-site; USD 60,000 - 90,000; Full time

Job summary

JTC Group in South Dakota seeks an Associate Trust Operations Officer – Private Client to join a small team delivering back-office support, AML compliance, and liaison with trust accounting software, banks, and custodians.

The role requires a Bachelor’s degree in accounting, business, or a related field, strong MS Word/Excel skills, ability to interpret financial statements and legal documents, and excellent communication and multi-tasking abilities.

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.
• Must have ability to multi-task.
• Understanding of trust tax reporting (1041, 1042, FBAR, FATCA) desired.
• Understanding of trust compliance regulations desired.

Responsibilities

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

Skills

MS Word

Excel

Communication

Organization

Multi-tasking

Financial statement literacy

Legal document interpretation

Education

Bachelor’s Degree in accounting/business/legal

Tools

Trust accounting software

Job description

USA - South Dakota, 201 South Phillips Avenue

USA - South Dakota, 201 South Phillips Avenue Private Client

Associate Trust Operations Officer – Private Client

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.

Trust operations officers form a team with 2 to 3 trust administration officers to provide clients with holistic administrative and operational solutions. An operations officer is responsible for providing back-office support, ensuring compliance with AML requirements, and becoming a liaison for our trust accounting software, banking partners, and custodians.

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 fosteringa healthy, inclusive organisation where all individuals feel welcome and feelable to participate in the workplace fully. We value different perspectives,backgrounds and lived experiences. This includes supporting employee wellbeingso that people feel equipped to thrive.

Whether you are just starting out or seeking new challenges, JTC offers an environment where you can grow, develop, and succeed at every stage of your career.

Stay up to date with expert insights, latest updates and exclusive content.