Trust Administrator II - Middle Office

FIS; United States; On-site; USD 50,000 - 90,000; Full time

Job summary

Join a forward-thinking company that powers the world’s economy and champions diversity in fintech. As a Trust Administrator II, you will play a vital role in maintaining and reconciling data for collateral managers, ensuring accuracy and client satisfaction. This position offers the opportunity to engage with financial partners while developing your skills in a collaborative environment. With a focus on continuous learning and innovation, you will contribute to shaping the future of fintech and enjoy a competitive salary and benefits package. If you are ready to make an impact, this role is for you.

Benefits

Always-on learning and development

Collaborative work environment

Opportunities to give back

Competitive salary and benefits

Qualifications

• Bachelor’s degree in business administration or finance, or equivalent experience.
• 2+ years in financial services with strong Excel skills.

Responsibilities

• Support Trust Account Managers in structured finance account administration.
• Perform daily account activities including posting receipts and entering trade orders.

Skills

Microsoft Excel

Financial Reconciliations

Multi-tasking

Communication

Education

Bachelor’s degree in Business Administration

Bachelor’s degree in Finance

Tools

CDO Suite

Solvas

Job description

Job Description

We are FIS. Our technology powers the world’s economy and our teams bring innovation to life. We champion diversity to deliver the best products and solutions for our colleagues, clients, and communities. If you’re ready to start learning, growing, and making an impact with a career in fintech, we’d like to know: Are you FIS?

About the Team

Virtus from FIS is a leading provider of alternative investment services and technology solutions, specializing in delivering comprehensive front, middle, and back-office services to asset managers, banks, and other institutional investors. Virtus helps its clients manage their alternative investment portfolios, including CLO/CDOs, private equity, hedge funds, and other alternative assets.

What You Will Be Doing

The Middle Office Team maintains the books and records for collateral managers that have outsourced middle office operations. As Trust Administrator II, you will reconcile and maintain data on the client's behalf, as well as review monthly and quarterly reports.

• Support assigned Trust Account Manager(s) in the administration of structured finance accounts
• Interact in an ongoing relationship with associated financial partners and trust clients to ensure client satisfaction
• Perform daily account activity:
• Posting receipts
• Entering trade orders and check/wire requests
• Raising cash for distributions
• Handle account inquiries
• Submitting ACH transfer instructions
• Open/close accounts
• Research account discrepancies
• Reconcile various cash flows, accounts, data sets, as well as calculate fee sharing data
• Administer all systems related to the management of corporate trust accounts
• Maintain all account documentation for current and historical monitoring of accounts

What You Bring

• Bachelor’s degree in business administration, finance or other related discipline or the equivalent combination of education, training, and work experience
• Typically, at least 2 years of professional, financial services industry experience
• High level of proficiency in Microsoft Excel (VLOOKUPS) and working knowledge of Microsoft Office
• Familiarity with calculating financial reconciliations
• Ability to multi-task and interact well with team members and trust account managers

Added Bonus If You Have

• Trust system experience (CDO Suite, Solvas, etc.)
• Understanding and experience with syndicated loans, CLO/CDOs, or corporate trust securities

What We Offer You

A career at FIS is more than just a job. It’s the change to shape the future of fintech. At FIS, we offer you:

• A voice in the future of fintech
• Always-on learning and development
• Collaborative work environment
• Opportunities to give back
• Competitive salary and benefits