Wealth Operations Administrator

Brookings, SD - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Job Description:

This role provides essential support for managing operational and internal administrative functions for trust accounts including processing transactions maintaining detailed records handling asset movement reconciling both client and department accounts and ensuring regulatory compliance.

Qualifications: Associates degree with a minimum of 4 years of relevant experience or an equivalent combination of education and experience. Preferred background in banking wealth management trust services law or brokerage. Solid foundational knowledge of financial instruments and principles including stocks bonds mutual funds tax concepts and financial statements. Proven ability to manage multiple priorities in a dynamic environment while consistently meeting deadlines. Strong attention to detail effective organizational skills sound decision-making and a commitment to high-quality work.

Principal Responsibilities:

Process a high-volume of trust account transactions including receipts disbursements income allocation trade settlements asset transfers fee postings and unique assets.
Perform daily reconciliation of trust accounts and assets to ensure accuracy and identify discrepancies. Perform monthly reconciliation of department suspense accounts.
Maintain accurate records for all trust activities including reports statements and tax information.
Assist wealth officers and administrators with requests and client inquiries including client portal.
Identify opportunities for process improvements implementing controls and managing operational risk.
Crosstrain within the Wealth Operations team to provide coverage and support.
Act in accordance with First Bank & Trust policies and procedures as set forth in the employee handbook.
Adhere to compliance procedures and participate in required compliance training.

Compensation Grade

Salary Grade 5

First Bank & Trust is an Equal Opportunity Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity or expression national origin disability or status as a protected veteran. Read our completeEqual Employment Opportunity Policy Statement. Applicants who would like to request reasonable accommodation to the application or interview process should call Human Resources at 800.843.1552 or email.

Required Experience:

Unclear Seniority