Corporate Trust Financial Management Analyst - Product Operations

$48,797 - $65,000/Yr

US Bank - Saint Paul, MN

Full-time - Entry Level

Saint Paul, MN

Credit Intermediation and Related Activities

About the position

U.S. Bank is seeking a Corporate Trust Financial Management Analyst to join our Global Corporate Trust Department within the Product Operations team. This role is pivotal in managing cash and assets of trust accounts, ensuring compliance with governing trust documents, and providing exceptional service to our clients. The analyst will be responsible for monitoring and investing account balances, valuing assets and collateral, and ensuring proper funding of accounts. This position requires a keen understanding of bond financing documents and internal control mechanisms to accurately interpret cash and asset movements. In addition to cash management, the analyst will prepare trust accounting system entries, calculate and execute debt retirements, and perform various account transaction duties. The role involves collaboration with specialized units to provide quality measurements to account managers, ensuring adherence to cash and asset management procedures and legal document requirements. There may also be opportunities for direct client interaction, enhancing the overall service experience. This position offers a hybrid work schedule, requiring in-office attendance for three or more days per week, while allowing flexibility for remote work on other days. U.S. Bank is committed to fostering a diverse workforce and providing equal opportunities for all qualified applicants.

Responsibilities

• Manage cash and asset accounts for trust accounts, including monitoring and investment of balances.
• Interpret bond financing documents to determine cash and asset movements.
• Prepare trust accounting system entries and execute debt retirements.
• Collaborate with specialized units to ensure compliance with cash and asset management procedures.
• Provide quality measurements to account managers and ensure legal document requirements are met.
• Engage in direct client interactions as needed.

Requirements

• Associate's degree or technical education, or equivalent work experience.
• Less than two years of related experience.
• Working knowledge of investments and accounting transactions.
• Ability to interpret bond financing documents related to cash and asset transactions.
• Strong mathematical skills, including percentages, ratios, and bond interest calculations.
• Well-developed analytical and problem-solving skills.
• Proficient in computer navigation, especially with Microsoft Excel.
• Experience with Trust Accounting and Bond Accounting systems is preferred.

Nice-to-haves

• Experience in client service roles.
• Familiarity with financial regulations and compliance standards.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law