Trust Operations Specialist (On-site)

Devon-Bank; Chicago (IL); On-site; USD 33,000 - 39,000; Full time

Benefits offered by this job

Health insurance

Dental and Vision coverage

Life Insurance

Disability insurance

401(k) with employer match

Voluntary benefits

Job summary

Devon Bank, a community-focused financial institution in the Chicagoland area, seeks a detail-oriented professional for Trust Operations. You will handle client accounts, post transactions, and reconcile positions across multiple systems in a fast-paced environment.

Required are strong numerical and communication skills, plus familiarity with Trust/Rite and GlobalWealth ES. Excel/Word proficiency and FDIC knowledge are desired; high school diploma is essential.

Qualifications

• Strong attention to detail in handling system transactions, data input and reconciliations.
• Experience with Trust/Rite and GlobalWealth ES accounting software is a plus.
• Intermediate knowledge in Microsoft Excel and Word.

Responsibilities

• Open and close client accounts; perform data input and updates.
• Post receipts, transfers and disbursements as directed by the Administrative Team.
• Reconcile security positions at custodians and mutual fund agents.
• Prepare daily/monthly cash reconciliations and resolve discrepancies.
• Balance the GlobalWealth ES accounting system daily.
• Prepare Probate Court Inventories and annual Accountings.

Skills

Attention to detail

Numerical proficiency

Fast-paced environment

Interpersonal skills

Knowledge of FDIC regulations

Education

High school diploma or equivalent

Tools

Excel

Word

GlobalWealth ES

Trust/Rite

Job description

Description

Are you interested in a position that will offer you challenge and variety, along with an opportunity to use a high degree of initiative, discretion, knowledge, and judgement?

Devon Bank is an independent community bank serving the Chicagoland area and beyond. Our mission has always been to be the bank that the neighborhood needs—to tailor its service offerings to the particular demands of the community. We are known for going the extra mile for our customers by offering personalized service and customized solutions. We are a full-service bank including home financing, trust and investments as well as a full range of business financing products.

Our Trust Operations area includes a broad variety of functions that provide support to both internal and external customers. These functions include check writing, trade settlement, fee processing, receipts and disbursements, cash movement, transferal of assets, and reconciliation of all department accounts. Other responsibilities include setup and maintenance of client statements, tax reporting, management reporting, managing the trust system functions/and maintenance, monitoring assets, security pricing and adding securities to the master list. Work is varied in nature with changing priorities. This position requires a high degree of initiative, discretion, knowledge, and judgment, while working in compliance with established policies, procedures, and regulations.

Responsibilities

• Opening and closing of client accounts; data input and client account updates
• Post receipts, transfers and disbursements as directed by the Administrative Team
• Reconcile security positions at custodians and mutual fund agents
• Accurately complete daily and monthly cash reconciliations, while identifying any resulting exceptions for research and resolution
• Balance the GlobalWealth ES accounting system daily
• Prepare Probate Court Inventories and annual Accountings

Requirements

• Strong attention to detail is a must when dealing with system transactions, data input and reconcilements.
• Good aptitude for numbers and problem-solving skills
• Demonstrated ability to work in a fast-paced, customer service environment
• Advanced written, oral and interpersonal skills with ability to respond to team members and resolve customer issues.
• Experience with Trust/Rite and GlobalWealth ES accounting software is a plus
• Intermediate knowledge in Microsoft Excel and Word
• Knowledge of FDIC regulations preferred

Education and Experience

• High school diploma or equivalent required
• Banking experience of 2+ years
• Experience in securities, trust, or brokerage operations a plus

Pay Range and Benefits:

We are committed to providing pay and benefits that help employees stay healthy, supported, and prepared for the future.

Some of these include:

• UnitedHealthcare (UHC) Medical coverage
• Dental and Vision coverage through Guardian
• Employer-paid Life Insurance, plus Short- and Long-Term Disability
• 401(k) with employer match
• Voluntary, employee-paid options such as legal coverage, accident insurance, pet insurance & more

$24-28 per hour

Devon Bank is proud to be an Equal Employment Opportunity and Aff…

If you need assistance or an accommodation due to a disability, you may contact us at [e-mail] or you may call us at (773)- 465-2500.