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Income Trust Coordinator I

Kansas City, Missouri

Direct Hire

$40,000.00 - $50,000.00 per Year


LHH Recruitment Solutions is partnering with a client in the Kansas City Metro, looking to fill their Income Trust coordinator. The Income Trust Coordinator will be responsible for manage and balance investment income, verify and post receipts, and resolve payment discrepancies in Trust Accounting System.


KNOWLEDGE, SKILLS & ABILITIES REQUIRED:



  • Ability to prepare and interpret detailed written materials and perform detailed mathematical functions. Previous trust department experience required, with college education preferred.


  • IT literate, proficient in Excel.


  • Prior knowledge of how different securities (stocks, bonds, mortgages, CMOs etc.) pay principal, interest, and dividends.


  • Good interpersonal skills to communicate effectively with clients and employees.


  • Able to be multi-focused, with strong attention to detail.


  • Good grammar, math, and accounting skills.


  • Ability to prioritize assignments completely, accurately, and timely.


  • Good thought process and problem-solving skills.


PRIMARY RESPONSIBILITIES / EXPECTATIONS:



  • Job Performance Behaviors: Contributing to organization success, job effectiveness, relationships and customer satisfaction.


  • Responsible for balancing of all investment income received from our Master Custodian to the client’s accounts on the Trust Accounting System. Anticipates receipt of income items, verifies receipt and posts to suspense accounts. Researches and resolves any payment discrepancies with the custodian. Posts all income to each individual client account. Pre-load principal factors for mortgage and asset backed securities.


  • Review each asset setup (held at the DTC, FED, or Globally) to Bloomberg for correctness. Maintains understanding of unique attributes of each asset, how it ultimately will appear on client’s statements, links each asset to the correct pricing service and coordinates income posting to correct client and suspense accounts.


  • Figuring, tracking and posting of all certificates of deposit income. This includes, but not limited to, making sure the certificates of deposit are set up correctly, income is received, and suspense account is cleared out. This also includes all certificates of deposit income that is received via ACH or check.


  • Processing of Boilermakers Local # 1 contributions, which includes but not limited to making sure the right amount is received per backup paperwork, depositing the funds into the proper trust account, sending all backup documentation to local 1’s fund office.


  • Processing of Boilermakers Local # 1 deposit requests. The fund office sends us requests to deposit funds into their checking accounts. We need to process a disbursement on our data system (SEI) to move the money to the checking account and send the client notification of the transaction being done.


  • Responsible for the monthly reconciliations on various location codes, various house/suspense accounts.


Salary: $40,000 - $50,000

Pay Details: $40,000.00 to $50,000.00 per year Search managed by: Justin Marks

Equal Opportunity Employer/Veterans/Disabled


To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy


The Company will consider qualified applicants with arrest and conviction records subject to federal contractor requirements and/or security clearance requirements.

RefUS_EN_27_814486_3044113

Income Trust Coordinator I

LHH

21 days ago

$40,000.00 - $50,000.00 per Year

Direct Hire

Kansas City, Missouri


LHH Recruitment Solutions is partnering with a client in the Kansas City Metro, looking to fill their Income Trust coordinator. The Income Trust Coordinator will be responsible for manage and balance investment income, verify and post receipts, and resolve payment discrepancies in Trust Accounting System.


KNOWLEDGE, SKILLS & ABILITIES REQUIRED:



  • Ability to prepare and interpret detailed written materials and perform detailed mathematical functions. Previous trust department experience required, with college education preferred.


  • IT literate, proficient in Excel.


  • Prior knowledge of how different securities (stocks, bonds, mortgages, CMOs etc.) pay principal, interest, and dividends.


  • Good interpersonal skills to communicate effectively with clients and employees.


  • Able to be multi-focused, with strong attention to detail.


  • Good grammar, math, and accounting skills.


  • Ability to prioritize assignments completely, accurately, and timely.


  • Good thought process and problem-solving skills.


PRIMARY RESPONSIBILITIES / EXPECTATIONS:



  • Job Performance Behaviors: Contributing to organization success, job effectiveness, relationships and customer satisfaction.


  • Responsible for balancing of all investment income received from our Master Custodian to the client’s accounts on the Trust Accounting System. Anticipates receipt of income items, verifies receipt and posts to suspense accounts. Researches and resolves any payment discrepancies with the custodian. Posts all income to each individual client account. Pre-load principal factors for mortgage and asset backed securities.


  • Review each asset setup (held at the DTC, FED, or Globally) to Bloomberg for correctness. Maintains understanding of unique attributes of each asset, how it ultimately will appear on client’s statements, links each asset to the correct pricing service and coordinates income posting to correct client and suspense accounts.


  • Figuring, tracking and posting of all certificates of deposit income. This includes, but not limited to, making sure the certificates of deposit are set up correctly, income is received, and suspense account is cleared out. This also includes all certificates of deposit income that is received via ACH or check.


  • Processing of Boilermakers Local # 1 contributions, which includes but not limited to making sure the right amount is received per backup paperwork, depositing the funds into the proper trust account, sending all backup documentation to local 1’s fund office.


  • Processing of Boilermakers Local # 1 deposit requests. The fund office sends us requests to deposit funds into their checking accounts. We need to process a disbursement on our data system (SEI) to move the money to the checking account and send the client notification of the transaction being done.


  • Responsible for the monthly reconciliations on various location codes, various house/suspense accounts.


Salary: $40,000 - $50,000

Pay Details: $40,000.00 to $50,000.00 per year Search managed by: Justin Marks

Equal Opportunity Employer/Veterans/Disabled


To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy


The Company will consider qualified applicants with arrest and conviction records subject to federal contractor requirements and/or security clearance requirements.

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