Trust Fee Accrual Analyst II
Trust Fee Accrual Analyst II
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Job Description
The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Perform monitor and reconcile standard operating functions within a high volume environment related to cash accounting specialized asset accounting fee and revenue accounting client report generation and regulatory and management reporting. Utilize prescribed policies procedures and task lists to efficiently execute upon responsibilities promote necessary controls mitigate operational risk and identify production issues that must be escalated for review and remediation.Responsible for the administration and coordination of accruals within the Truist Wealth Management Fiduciary Operations Team. Continuously monitors and controls the operating revenues to ensure proper alignment with lines of businesses including managing the financial placement of income. Assists in the development of technology needs for the department and is responsible for testing and implementing new technology with assistance of the IT department.
- Oversees the processing of Truist Wealth accruals along with other associated banking activities to ensure accuracy accountability and proper procedures are followed.
- Manages and develops accrual validation to control processes and minimize risk.
- Works to ensure that our fee computations are aligned with our accruals while also supporting SOX (SarbanesOxley) objectives and controls.
- Communicate with management LOB managers and financial and accounting managers to support the completion of the monthly revenue for Truist Wealth.
- Collaborates with teams of other units to develop best practices for successful aligning financial accounting data.
- Manages Access databases to support accrual processing. Databases are used in conjunction with regulatory requirements.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Associates degree or higher.
- Established accounting knowledge with an emphasis on cash flow and accrual accounting and reconciliation concepts.
- Effective communication time management and interpersonal skills.
- Intermediate PC skills with an emphasis on Microsoft Office products
Preferred Qualifications:
- Minimum 3 years of experience within bank Trust/Wealth Operations
- Experience with FIS and/or SEI accounting applications
- Knowledge of common banking systems and trust service platforms.
- Strong crossfunctional experience in finance accounting and technology.
- Microsoft Office with intermediate skills in both Access and Excel
- Proven problem solving quantitative and analytical skills; strategic thinking
- Ability to understand maintain and create financial reports.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical dental vision life insurance disability accidental death and dismemberment taxpreferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by fulltime or parttime status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any nontemporary position for which you apply based on fulltime or parttime status position and division of work.
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.
EEO is the LawPay Transparency Nondiscrimination Provision EVerify
Required Experience:
IC
Employment Type
Full-Time
