Trust Operations & Reconciliation Specialist

Ledgent; Boston (MA); On-site; USD 65,000 - 90,000; Full time

Job summary

Ledgent is seeking a detail-oriented Trust Operations Support Accountant to assist in trust operations, cash management, account administration, reconciliations, and securities-related transactions. The role demands strong analytical skills, meticulous attention to detail, and the ability to perform in a fast-paced professional setting.

Responsibilities include daily settlements with banks, processing transfers, asset setup, bank reconciliations, and support to senior trust operations staff.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field preferred.
• Minimum of three years of Trust Operations experience within a bank, insurance company, law firm, or similar professional services environment.

Responsibilities

• Daily settlement with banking institutions for security-related transactions.
• Process internal and external account transfers.
• Assist with the setup of new assets entering the department.
• Provide backup support to senior trust operations personnel.
• Prepare daily cash reconciliations and bi-monthly bank reconciliations.
• Review banking activity, monitor outstanding checks, and follow up on stale-dated items.
• Process account openings and account closings.
• Calculate income accruals, money market interest, and trustee fees.
• Provide support to trust operations leadership as needed.

Skills

Numerical aptitude

Attention to detail

Data entry accuracy

Confidentiality

Education

Bachelor's degree in Accounting/Finance/related field

Tools

Excel

Accounting software

Job description

Ledgent is seeking a detail-oriented Trust Operations Support Accountant to assist in trust operations, cash management, account administration, reconciliations, and securities-related transactions. The role demands strong analytical skills, meticulous attention to detail, and the ability to perform in a fast-paced professional setting.

Responsibilities include daily settlements with banks, processing transfers, asset setup, bank reconciliations, and support to senior trust operations staff.