Fund Accounting Specialist - Corporate Trust (Remote)

UMB Bank; Montpelier (VT); Remote; USD 68,000 - 100,000; Full time

Benefits offered by this job

Paid Time Off

401(k) matching

Health benefits

Tuition reimbursement

Wellbeing program

Job summary

UMB Bank is seeking a Corporate Trust Specialist to support day-to-day operational and client service activities, including receivables, journal posting, cash reconciliation and fund position tracking. This remote role collaborates with management and technical staff to implement changes to processes, policies, and systems.

Minimum requirements include a finance-focused Bachelor's degree or equivalent experience, CCTS or CTMC certification, and 4+ years in syndicated or private credit markets,

Qualifications

• MINIMUM: Bachelor's degree with finance focus (business admin, finance) or equivalent work experience
• MINIMUM: Certified Corporate Trust Specialist (CCTS) or Corporate Trust Master Certification (CTMC)
• MINIMUM: 4+ years of experience in the broadly syndicated and/or private credit loan market, or relevant experience
• Demonstrates strong client relationship management skills
• Demonstrates ability to provide positive client experience through a variety of methods including associate engagement, technology, workflows, and processing
• Demonstrates ability to manage multiple projects and timelines
• Demonstrates exceptional written and verbal communication skills with attention to detail
• Demonstrates strong operational knowledge of Corporate Trust processes and procedures

Responsibilities

• Provide day-to-day support to existing institutional/corporate trust accounts including billing for administrative fees, recommending fee increases, facilitating transaction closing, handling cash and investment transactions, monitoring cash activities and compliance items, providing debt service calculations, executing payment generation and follow-up
• Perform daily cash application and collateral position reconciliation
• Responsible for accurate/timely setup or delegation to associates of issues on all systems, preparing accounts for compliance review and responding appropriately to compliance exceptions
• Assist with global asset setup and maintenance
• Assist operational group to ensure cash processing and procedures fit within any new products the team onboards
• Perform trade and wire processing for daily trading activity
• Support the Relationship Manager with oversight of client relationships
• Participate in cross-training to learn other Corporate Trust roles and provide support, as needed
• Work with business solutions team to document business requirements for system and process improvement
• Organize and oversee team testing methodology for test scripts and appropriate full-cycle testing (unit, integration, system, and QA)
• Other duties as assigned

Skills

Client relationship management

Communication skills

Project management

Attention to detail

Operational knowledge of Corporate Tax

Education

Bachelor's degree with finance focus

CCTS or CTMC certification

Tools

MS Excel

Job description

UMB Bank is seeking a Corporate Trust Specialist to support day-to-day operational and client service activities, including receivables, journal posting, cash reconciliation and fund position tracking. This remote role collaborates with management and technical staff to implement changes to processes, policies, and systems.

Minimum requirements include a finance-focused Bachelor's degree or equivalent experience, CCTS or CTMC certification, and 4+ years in syndicated or private credit markets,