Trust Operations Support Accountant

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

We are seeking a detail-oriented Trust Operations Support Accountant to support trust operations, cash management, account administration, reconciliations, and securities-related transactions. This role requires strong analytical skills, exceptional attention to detail, and the ability to work effectively in a fast-paced professional environment.

Responsibilities:

• Daily settlement with banking institutions for security-related transactions, including trades, income collections, and corporate actions.
• 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.

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.

Additional Skills & Experience:

• Strong numerical aptitude and proficiency with software applications.
• Ability to learn and utilize firm-specific software and technology platforms.
• Accurate and efficient data entry skills with working knowledge of accounting and spreadsheet functions.
• Exceptional attention to detail, organization, and record-keeping abilities.
• Ability to manage multiple priorities, meet deadlines, and perform effectively under pressure.
• Strong independent work ethic with the ability to collaborate within a team environment.
• Professional interpersonal skills with the ability to interact effectively with clients, attorneys, and staff.
• Excellent written, verbal, and electronic communication skills.
• Ability to maintain a high level of confidentiality and discretion.
• Commitment to ongoing professional development and continuous learning.

All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the California Fair Chance Act, City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, Los Angeles County Fair Chance Ordinance, and San Francisco Fair Chance Ordinance.