Wealth Institutional Administration and Operations Senior Analyst

Truist; Raleigh (NC); On-site; USD 65,000 - 95,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life insurance

Disability

AD&D

Tax-advantaged savings accounts

401k plan

Vacation (prorated)

Sick days (prorated)

Paid holidays

Pension plan (defined)

Restricted stock units

Deferred compensation

Job summary

Truist Financial Corporation is seeking a Senior Fund Accounting Operations professional in the United States. This role handles the day-to-day operations of a complex fund accounting book of business, including custody, defined benefits, endowments, and related trust accounts.

You will coordinate cash processing, fund accounting, trade processing, and system coding requests while maintaining strong client relations and adherence to internal controls.

Qualifications

• Bachelor's degree or equivalent work experience in business or related field.
• Strong problem-solving skills and keen attention to detail.
• Ability to work under pressure and meet critical deadlines.
• Proficient knowledge of Microsoft Office software and fund accounting systems.

Responsibilities

• Coordinate day-to-day operations of complex fund accounting book of business including cash, CIF trade, lockbox, pension payments, and system coding requests.
• Learn and operate Fund Accounting Systems, Trust Accounting System and ancillary systems; process transactions accordingly.
• Resolve account issues with input from Client Managers and Investment Managers; provide research support.
• Provide quality control reviews for teammates with attention to detail and adherence to procedures.
• Participate in internal and external audit inquiries as required.
• Coordinate cash needs for CIF accounts with internal and vendor partners; submit trade requests timely.
• Produce and validate fund accounting statements on a monthly, quarterly, or annual basis.
• Respond promptly to voicemail and email communications from clients and teammates.
• Complete all assigned training courses on time.
• Communicate account issues to F & E Operations & Client Service Manager; support internal projects.

Skills

Problem solving

Attention to detail

Work under pressure

Independent

Education

Bachelor's degree in business or related field

Tools

Microsoft Office

Job description

Regular or Temporary:

Regular

Language Fluency: English (Required)

1st shift (United States of America)

Please review the following job description:

Responsible for the day-to-day operations of the more complex book of business that includes Custody, Defined Benefit, Foundations & Endowments, Funeral & Cemetery account types which includes daily review of cash balances, overdrafts, and lockbox activity. Processes contributions, distributions, pension payments, trade requests, stock donations, charitable gift annuities, fund accounting, and system coding requests. Aids in the account opening and closing process. Acts as a liaison between Client Managers, Account Managers, Investment Managers, and clients to deliver and enhance the perfect client experience.

Essential Duties and Responsibilities

1. Effectively coordinates all duties on assigned line of business accounts including cash processing, fund accounting, CIF trade processing, lockbox processing, pension payment processing and system coding requests while maintaining a heightened focus on client retention. Adhere to internal controls and procedures, including client authentication, to ensure efficiency, quality, and mitigate risks. Continually explore all opportunities to gain efficiencies through standardization and automation. Actively participate in training new teammates.
2. Learn and understand how the Fund Accounting Systems, Trust Accounting System and ancillary systems work. Process all required transactions on the applicable fund accounting systems.
3. Demonstrates ability to manage complex accounts and deal with situations that require sound judgement. Provide assistance to team members with researching and resolving account issues. Works with Client Managers, Account Manager, and Investment Managers to resolve pertinent account issues.
4. Coordinate and provide quality control reviews for teammates, with an enhanced attention to detail to prevent errors, according to procedures.
5. Participate in internal and external audit inquiries as required.
6. Coordinate cash needs for CIF accounts with internal and vendor partners by submitting trade requests timely.
7. Produce and validate fund accounting statements prior to release. Frequency can be monthly, quarterly and/or annually.
8. Respond to voicemail and email communications from clients and teammates timely and with a high attention to detail and accuracy.
9. Completes all assigned training courses on time.
10. Communicate pertinent account issues in a timely manner to F & E Operations & Client Service Manager. Assists with various internal projects and requests from F & E Operations & Client Service Manager.

Qualifications

Required Qualifications

1. Bachelor’s degree in business or related field or equivalent work experience.
2. Minimum of five years of philanthropic work or similar experience.
3. Strong problem-solving skills and keen attention to detail.
4. Ability to work under pressure and meet critical deadlines.
5. Ability to process detailed work and work independently.
6. Proficient knowledge of Microsoft Office software products and various fund accounting systems.

Preferred Qualifications

1. Working knowledge of internal software applications.
2. Minimum of five years of experience working with trust and/or not-for-profits.
3. Strong communication, interpersonal and organization skills.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:

• medical
• dental
• vision
• life insurance
• disability
• accidental death and dismemberment
• tax-preferred savings accounts
• a 401k plan
• 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment
• 10 sick days (also prorated)
• paid holidays
• Truist’s defined benefit pension plan
• restricted stock units
• a deferred compensation plan

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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