Trust Operations Associate

CBI Bank & Trust; Muscatine (IA); On-site; USD 42,000 - 62,000; Full time

Benefits offered by this job

Paid Time Off

401(k)

Employee Assistance Program

Medical, Dental, Vision and more

Job summary

CBI Bank & Trust in Muscatine, IA is seeking a Trust Operations Associate to support securities processing, posting, and reconciliation of trust receipts and payments. You will handle distributions, transfers, and report preparation for trust accounts.

Key responsibilities include settling trades, preparing TIC/TC reports, and assisting with tax records and client statements. Strong math, computer literacy, and communication skills are essential for success in this role.

Qualifications

• High school diploma or equivalent.
• Strong computer and typing skills; proficiency with Microsoft Office.
• Proficient math skills; able to calculate interest, commissions, proportions, percentages, and perform balance checks.

Responsibilities

• Process securities processing, posting, proofing, and reconciliation of trust receipts and payments.
• Process client distributions via checks, ACH, wires, internal transfers.
• Open/close accounts as directed and coordinate transfers from outside custodians.
• Coordinate class action distributions and data file transfers to vendors.
• Settle trades, post income, and prepare TIC/TC reports and monthly board reports.
• Assist Trust Administrators with court reports and tax records.

Skills

Strong computer and typing skills

Proficient math skills

Strong communication skills

Organizational and time management

Problem solving

Work with limited supervision

Education

High School Diploma or equivalent

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Trust Operations Associate

Muscatine, IA

Description

• Responsible for securities processing, posting, proofing, and reconciliation of trust receipts and payments.
• Processes client distributions through checks, ach, wires, internal transfers and other means.
• Opens and closes accounts, as directed.
• Coordinates account transfers from outside custodians.
• Coordinates the class action distributions.
• Handles the transfers of data files to vendors.
• Settles trades and posts income.
• Assists in preparation of TIC and TC reports.
• Prepares monthly board reports.
• Assists Trust Administrators on court reports.
• Performs reconciling of accounts.
• Prepares daily transactions and edit reviews.
• Generates client statements and prepares for delivery.
• Assist clients with online account access through the trust client portal.
• Acts as a liaison with other departments, such as operations or information systems, with respect to schedules and procedures.
• Ensures appropriate documentation is received and filed.
• Provides for the proper preparation, maintenance, and security of all trust records, files, negotiable instruments, and documents.
• Personally investigates and resolves problematic situations and operational discrepancies.
• Tracks department fees.
• Handles the ongoing preparation and recording of tax records so they are accurate for clients and their tax preparation needs.

Requirements

• High School Diploma or its equivalent.
• Strong computer and typing skills, including proficiency with Microsoft Office applications (Word, Excel, Outlook, etc).
• Proficient math skills; calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measurement; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
• Strong oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Excellent organizational and time management skills.
• Ability to work with limited supervision while performing duties.

Employee Benefits

• In addition to competitive pay, we offer Paid Time Off, 401(k), an Employee Assistance Program, and on the job training opportunities. Full-time and part-time associates are offered a comprehensive benefit package including medical, dental, vision and more!
• We are an equal employment opportunity employer. The Company's policy is not to discriminate against any applicant or employee based on race, color, sex, sexual orientation, gender identity, religion, national origin, age (40 and over), disability, veteran or uniformed service-member status, genetic information, or any other basis protected by applicable federal, state, or local laws.