Trust Administrator

$70,000 - $85,000/Yr

Rice, Heard & Bigelow, Inc. / Minot DeBlois Advisors, LLC - Boston, MA

Full-time - Entry Level

Remote - Boston, MA

About the position

The Trust Administrator plays a crucial role in the Trust Department, responsible for the accurate and timely management of trust accounts. This position involves processing transactions, ensuring compliance with regulations, and providing support to trustees. The role requires a blend of financial acumen and strong communication skills to effectively manage trust-related tasks and coordinate with external partners.

Responsibilities

• Timely and accurate posting of trust income and expenses to income and principal.
• Processing trades and inputting check requests.
• Posting of foreign dividends and other manual entry as needed on a daily basis.
• Ensuring beneficiary remittances are timely and accurate.
• Coordinating with Fifth Third Bank, the firm's custodian bank.
• Generating accurate periodic reporting from the FIS AddVantage trust accounting system.
• Ensuring the complete and accurate opening and closing of accounts as necessary.
• Assisting the trustees with ad hoc requests for trust account transaction reports and valuations.
• Processing cash and stock gifts.
• Coordinating tax payments.

Requirements

• 4 year college degree required.
• Preferred 2 - 5 years of experience in trust administration.
• Ability to prioritize work and escalate matters appropriately.
• Excellent verbal and written communication skills, including ability to effectively communicate with trustees.
• Excellent computer proficiency (Word, Excel and Outlook).
• Ability to work independently and to carry out assignments to completion on time.
• A positive attitude and excellent communication skills.

Benefits

• Health insurance
• Paid time off
• Parental leave
• Retirement plan