What are the responsibilities and job description for the AVP/VP, Trust Operations position at NPAworldwide?
Job Description
AVP/VP, Trust Operations (Title DOE)Wealth Management / RIA FirmIn-office role: Houston, TXCompensation: $70K to $95K DOE plus bonus plus long term incentives
Our client is a large, privately owned trust company with long roots in Texas and a history of sound fiduciary asset management for high-net-worth individuals and multi-generational families. Collaborative culture with a genuine passion for what they do and a strong commitment to delivering an exceptional client experience.
The company seeks an Assistant Vice President or Vice President to join its 11-person Trust Operations and Middle Office team. The AVP/VP is a key member of the team and assists with daily cash processing and settlement. Trust Operations is responsible for updating and approving changes to the companys trust accounting system, Global WealthES (GWES), based on authorized requests from the Trust Administration and Investments teams. Candidates should have a background in accounting, balancing, and reconciliation.
Primary Responsibilities of the AVP, Trust Operations Utilize the GWES trust accounting system to deliver quality services to clients
Process cash transactions in the system
Open and fund new accounts
Close terminating accounts
Print and mail checks daily
Prepare daily net settlement reports of receipts and disbursements and submit settlement accordingly
Set up new clients for online access to the client portal
Scan daily batch work for the Trust Operations team
Monitor and disburse incoming faxes
Assist in maintaining trust operations policies and procedures
Prepare vault files for assets held in the company vault
Reconcile vault inventory with system holdings data
Assist with special projects as assigned
Key Accountabilities of the AVP, Trust Operations
Understand and comply with the companys policies and procedures
Understand and comply with the Bank Secrecy Act and Know Your Customer (KYC) procedures
Develop and maintain an understanding of fiduciary tax laws and the Texas Trust Code
Follow up with internal teams and other constituents to ensure the outcome of tasks is as intended
Collaborate across teams to support the highest level of service to clients
Maintain discretion and confidentiality of financial and personal information, both internally and externally
Qualifications
Qualifications of the AVP/VP, Trust Operations
Bachelor's Degree in finance or accounting and/or equivalent experience in a related field
2 to 10 years of trust operations experience
Experience with a trust accounting system and a willingness to acquire working knowledge of the GWES trust accounting system and other technology platforms; experience working with GWES is a big plus
Proficiency in Microsoft Office products (Word, Excel, Outlook, etc.)
Highly professional with a strong orientation toward client service
Strong written and verbal communication skills
Ability to implement creative solutions to unique or challenging problems ; "Outside the Box" Thinker
Team player with a positive attitude
Strong independent judgment, problem-solving, and decision-making abilities
Demonstrated organizational skills with the ability to multitask and prioritize
Self-starter with strong initiative
Why Is This a Great Opportunity
What Our Client Offers
Competitive compensation with discretionary annual bonus based on performance
Long-term incentive program including employee tracking stock grants that vest over five years and provide dividend participation during the vesting period
Comprehensive benefits including medical, dental, and vision insurance, with the company covering a significant portion of employee coverage
401(k) plan with company contribution based on total cash compensation after one year of service
Generous vacation policy based on title and tenure, beginning at approximately three weeks for an AVP, plus sick leave
Long-term disability and life insurance coverage with company contributions
Free parking at the office location and access to the building fitness center with optional training amazing sessions during the work week
And last but certainty not least...Opportunity to work within an amazing team and join a highly respected organization known for its long-tenured team, collaborative culture, and commitment to professional development
AVP/VP, Trust Operations (Title DOE)Wealth Management / RIA FirmIn-office role: Houston, TXCompensation: $70K to $95K DOE plus bonus plus long term incentives
Our client is a large, privately owned trust company with long roots in Texas and a history of sound fiduciary asset management for high-net-worth individuals and multi-generational families. Collaborative culture with a genuine passion for what they do and a strong commitment to delivering an exceptional client experience.
The company seeks an Assistant Vice President or Vice President to join its 11-person Trust Operations and Middle Office team. The AVP/VP is a key member of the team and assists with daily cash processing and settlement. Trust Operations is responsible for updating and approving changes to the companys trust accounting system, Global WealthES (GWES), based on authorized requests from the Trust Administration and Investments teams. Candidates should have a background in accounting, balancing, and reconciliation.
Primary Responsibilities of the AVP, Trust Operations Utilize the GWES trust accounting system to deliver quality services to clients
Process cash transactions in the system
Open and fund new accounts
Close terminating accounts
Print and mail checks daily
Prepare daily net settlement reports of receipts and disbursements and submit settlement accordingly
Set up new clients for online access to the client portal
Scan daily batch work for the Trust Operations team
Monitor and disburse incoming faxes
Assist in maintaining trust operations policies and procedures
Prepare vault files for assets held in the company vault
Reconcile vault inventory with system holdings data
Assist with special projects as assigned
Key Accountabilities of the AVP, Trust Operations
Understand and comply with the companys policies and procedures
Understand and comply with the Bank Secrecy Act and Know Your Customer (KYC) procedures
Develop and maintain an understanding of fiduciary tax laws and the Texas Trust Code
Follow up with internal teams and other constituents to ensure the outcome of tasks is as intended
Collaborate across teams to support the highest level of service to clients
Maintain discretion and confidentiality of financial and personal information, both internally and externally
Qualifications
Qualifications of the AVP/VP, Trust Operations
Bachelor's Degree in finance or accounting and/or equivalent experience in a related field
2 to 10 years of trust operations experience
Experience with a trust accounting system and a willingness to acquire working knowledge of the GWES trust accounting system and other technology platforms; experience working with GWES is a big plus
Proficiency in Microsoft Office products (Word, Excel, Outlook, etc.)
Highly professional with a strong orientation toward client service
Strong written and verbal communication skills
Ability to implement creative solutions to unique or challenging problems ; "Outside the Box" Thinker
Team player with a positive attitude
Strong independent judgment, problem-solving, and decision-making abilities
Demonstrated organizational skills with the ability to multitask and prioritize
Self-starter with strong initiative
Why Is This a Great Opportunity
What Our Client Offers
Competitive compensation with discretionary annual bonus based on performance
Long-term incentive program including employee tracking stock grants that vest over five years and provide dividend participation during the vesting period
Comprehensive benefits including medical, dental, and vision insurance, with the company covering a significant portion of employee coverage
401(k) plan with company contribution based on total cash compensation after one year of service
Generous vacation policy based on title and tenure, beginning at approximately three weeks for an AVP, plus sick leave
Long-term disability and life insurance coverage with company contributions
Free parking at the office location and access to the building fitness center with optional training amazing sessions during the work week
And last but certainty not least...Opportunity to work within an amazing team and join a highly respected organization known for its long-tenured team, collaborative culture, and commitment to professional development