Financial Analyst

Position Overview

Analyze, process, and report the collection of fees for our company. This includes analyzing fee exceptions, coding accounts on the Trust accounting system for proper fee calculations, balancing cash collections and accounts receivable daily, assisting Trust Administration with questions, ensuring fee policies and procedures are adhered to, and preparing monthly and quarterly fee reports for executive management. Monitor, track, and submit bills to accounts payable and process bill payments to third-party vendors for Trust accounts as requested by Trust Administration.

• Job Title: Trust Fee Administrator
• Pay range: $23.00 - $25.00/hour
• Shift/Schedule: Office open from 7am to 5pm (8-hour shift within that window)
• Work Arrangement: Onsite (Hybrid option after 90 days)
• Location: Green Bay, WI

Description of Duties

• Process trust fees including fee calculations, deposits, receivables, and report generation
• Review and analyze fee exception requests for accuracy based on account type, value, and asset composition
• Reconcile daily cash collections and accounts receivable, identifying and correcting discrepancies
• Analyze and apply 12b-1 credits and Sub-TA fees from mutual fund investments
• Support standardization and reporting initiatives with Finance and Trust Support Services

Job Accountabilities

• Process fees which includes making deposits into the fee account, reducing fee receivables, charging fees, ordering and distributing fee reports, reviewing and recalculating changes, and depositing checks. Possess a strong working knowledge of the Trust accounting system to create and implement new fee schedules.
• Prior to establishing the fee on the trust accounting system, ensure that correct approval has been obtained for any fee exceptions based on the level of deviation in conjunction with the fee policies. If appropriate approval has not been obtained, provide consultation to Trust Administration and any appropriate managers in order to provide solutions to resolve the issue.
• Analyze fee exception requests submitted by Trust Administration to ensure that complete and adequate information is provided. Determine if the appropriate fee schedule has been selected for the account type, market value, type of assets contained within account, or a combination of all criteria. Requires understanding of the different products and services offered by personal trust, corporate trust, and retirement plan services within Associated Trust Company.
• Balance daily by reconciling cash collections and accounts receivable. Requires an advanced knowledge of Excel for report creation, generation, and manipulation in order to obtain the appropriate data. When out of balance, research transactions and determine appropriate steps for correcting error.
• Process bill payments to third-party vendors for Trust accounts as requested by Trust Administration.
• Process 12b1 credit and Sub-TA fees from mutual fund investments. Determine if they can be accepted and applied as a credit. This will require communication with Trust Operations, Trust Administration, and Retirement Plan Support Services.
• Analyze exception monitoring and past-due invoice reports. This entails having a strong working knowledge of trust systems to develop, generate, and analyze reports on various systems. When issues are identified, work with the appropriate administrator, support area, or manager to resolve the matter.
• Process fee-related reporting and standardization initiatives in coordination with the business line, Finance, and the Trust Support Services Manager.
• Transfer funds to appropriate agency accounts on a timely basis by moving cash from the trust fee account into the appropriate checking account or trust account as directed by Finance.
• Monitor, track, and submit bills to Accounts Payable.

Education

• Required: Bachelor’s Degree or equivalent combination of education and experience
• Preferred Field: Accounting or Business Administration

Experience

• Required: 2–4 years Financial Industry
• Preferred: 2–4 years Trust

Benefits

Pride Global offers eligible employees comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance, and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, auto and home insurance, pet insurance, and employee discounts with preferred vendors.