TRUST OPERATIONS SPECIALIST I - SERVICE CENTER

Company: STAR Financial Bank
Location: Fort Wayne
Posted on: November 25, 2022

Job Description:

If you are searching for an employer that provides you with unlimited career growth and development opportunities, look no further! Learn how STAR Financial Bank strives to be the employer of choice in Indiana and truly defines OneTeam.STAR Financial Bank is an Indiana-based community bank known for its culture of delivering quality service, personalized banking solutions, and innovative use of technology for more than 75 years. We are proud to be a community bank in every aspect of the word. Beyond monetary giving and employee volunteerism, STAR is dedicated to partnering with the people and organizations that improve our communities. At every one of our locations, employees demonstrate their commitment to STAR and our customers by honoring our core values of Honesty & Integrity, Accountability, Respect for All, Do What's Right, Commitment to Lifelong Learning, Community Leadership, Being Progressive, Celebrating Success and Remaining Independent.The Trust Operations Specialist position is included in a workplace model that allows for a combination of in-office and remote work.As the Trust Operations Specialist, essential responsibilities include:Perform all daily security settlement activities that include stocks, bonds, and mutual funds trading and settlements; security position reconcilement, cost basis adjustments, and cash settlements with various institutions.Assist STAR financial planning consultants, administrators, and assistants with daily tasks related to servicing customer accounts.Work closely with financial consultants, administrators, and outside managers in trading activities.Review and process investment transactions, handle client and relationship manager inquiries.Handle all account transfers in and out of trust and brokerage accounts.Initiate free delivery and receipt of securities.Administer all security capital changes (i.e. stock splits, mergers, acquisitions, etc.)Reconcilement of all mutual fund holdings, department DDA's, and money market balances.Assist as back up to other functional areas within STAR Wealth Management. Monitor fed funds activity and prepare daily money position report, ensuring reserve and daylight overdraft requirements are met.Research cash letter differences and adjustments. Communicates with the Federal Reserve and corresponding banks for resolution.Balance and reconcile departmental general ledger accounts.Prepare and send FR2900 report weekly to the Federal Reserve.Prepare and monitor entries for securities purchased, sold, or matured; maintain investment files.Respond to internal and external customers with questions or problems and assist with possible solutions.Handle customer telephone calls in a courteous, accurate, and prompt fashion and performing necessary research as needed. Provides all customers with accurate, professionally written and verbal information as needed.Provide back up and support for others in the department as needed.Skills NeededIntermediate skills in Microsoft Word and Excel.Excellent administrative and organizational skills.Highly detail oriented and able to multi-task.Strong oral and written communication skills.Ability to work independently or within a team environment.In addition to traditional compensation and benefits packages, our leaders continue to collaborate to launch innovative employee benefits and perks including, Affordable Medical/ Vision/ Dental Coverage --- Flexible Dependent Care Account --- Health Savings Account (with employer contributions) --- Prescription Drug Plan --- Employee Wellness Initiatives (physical/mental/financial) --- Health Management Reimbursement --- Program --- Short Term/Long Term Disability --- Life Insurance --- Tuition Reimbursement --- Competitive Pay and Bonus Program --- 401k (with employer match) --- Generous Paid Time off including 10 1/2 holidays. Eligibility of benefits are determined by employment status classification and may be discussed during the interview process.STAR Financial Bank proudly celebrates diversity and remains conscious of the realization that diversity is not solely represented by physical characteristics. STAR is an equal opportunity employer (EEO) with a commitment to inclusivity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, pregnancy, age, disability, genetic information, marital status, or status as a covered veteran in accordance with applicable federal, state, and local laws. STAR complies with applicable STAR and local laws governing non-discrimination in employment in every location in which we have facilities.SFB01ExperienceRequired1 year(s): Previous experience in the securities industry.EducationRequiredHigh School or better in Other

Keywords: STAR Financial Bank, Fort Wayne , TRUST OPERATIONS SPECIALIST I - SERVICE CENTER, Other , Fort Wayne, Indiana