Corporate Trust Financial Management Analyst - Wealth Operations

$22 - $33/Yr

US Bank - Charlotte, NC

Full-time - Entry Level

Charlotte, NC

Credit Intermediation and Related Activities

About the position

U.S. Bank is hiring a Corporate Trust Financial Management Analyst to support our Product Operations department within Global Corporate Trust Operations. This role involves cash and asset management of trust accounts, including monitoring and investment of balances, valuations of assets and collateral, and ensuring proper funding of accounts in compliance with governing trust documents. The analyst will use bond financing documents and internal control mechanisms to interpret cash and asset movements, prepare trust accounting system entries, and interact with specialized units to provide quality measurements to account managers. Some direct client interaction may also be involved.

Responsibilities

• Cash and asset management of trust accounts including monitoring and investment of balances, valuations of assets and collateral, and the proper funding of accounts in compliance with governing trust documents.
• Uses bond financing documents, along with internal control mechanisms, to interpret the amount and timing of cash and asset movements.
• Prepares trust accounting system entries, calculating and executing debt retirements, and other account transaction duties.
• Interacts with specialized units to provide meaningful quality measurements to account managers to ensure that cash and asset management procedures are followed, and legal document requirements are met.
• May also involve some direct client interaction.

Requirements

• Associate's degree or technical education, or equivalent work experience
• Less than two years of related experience

Nice-to-haves

• Working knowledge of investments, accounting transactions, and client service
• Ability to interpret bond financing documents to decipher all aspects of cash and asset transactions relating to the account
• Ability to perform mathematical calculations which can include percentages, ratios, and bond interest as applicable
• Well-developed analytical and problem-solving skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Excel
• Systems experience with Trust Accounting and Bond Accounting systems preferred

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