Wealth Operations Administrator
First Bank & Trust
full-time
Posted on:
Location Type: Office
Location: Brookings • South Dakota • United States
Visit company websiteExplore more
About the role
- 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.
- 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.
Requirements
- Associate’s 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.
Benefits
- Comprehensive Healthcare Benefits
- 401(k) & ESOP Profit Sharing
- Wellness Program
- Education Student loan repayment assistance program
- Tuition reimbursement
- Volunteer Service Hours
- In-house Childcare & Preschool
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
transaction processingaccount reconciliationrecord maintenanceasset movementfinancial instrumentstax conceptsfinancial statementsprocess improvementoperational risk managementhigh-volume transaction management
Soft Skills
attention to detailorganizational skillsdecision-makingability to manage multiple prioritiescommitment to high-quality work
Certifications
Associate’s degree