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Posted : Saturday, January 06, 2024 10:21 PM
*Title: *Trust Income Processing Specialist
*Type of Hire:* Contract to Hire.
*Location*: 100% ONSITE – 433 Main St.
Green Bay, WI *Important Notes:* *Hours: regular business hours 8:00am-430pm.
* · Contract to hire · Trust (or any accounting/financial/banking) background would be ideal, but NOT required.
Would likely be hard to find at this rate.
They are open to candidates with cash handling experience, balancing drawers, giving change, etc.
Can train on the rest of the job duties.
*Job Description:* Under limited supervision, determine entitlement for and subsequently process interest, principal payments, maturities, dividend payments (domestic and foreign) and principal distributions for credit to Trust client accounts.
Coordinate purchases and redemptions of certificate of deposits and re-register certificate of deposits transferring in or out of the Trust Company.
Setup and maintain Trust account loans and mortgages, process payments in the applicable systems and distribute year end statements and tax forms.
Oversee the distribution and entitlement of proxy material for company meetings, ensuring the proper handling of all proxy votes.
This person will also: · * Determine entitlement by monitoring record date and projection reports received from depositories and reconciling rate and share/bond information.
Research any discrepancies, communicate with depositories and process necessary changes to Trust client accounts prior to payable dates, * Process income payments on payable date to post interest, principal payments, maturities, dividends (domestic & foreign), principal distributions and reinvestment of interest and dividends to Trust client accounts.
Monitor daily exception reports to determine where what was forecasted does not match payment received.
Research exceptions when necessary to determine proper entitlement and process necessary entries to address exceptions.
Submit any claims to the various depositories to address any claims on income discrepancies.
* Review/monitor payments for mortgage backed securities for appropriate principal and interest payments.
Ensure proper payments are received based on principal and income factors provided by the depositories.
Research any discrepancies on payments caused by trades, receipts/deliveries of assets and be familiar with the payment delays on these type of issues.
Verify factors to ensure issues are in balance with the depositories, research out of balance occurrences to determine cause and process corrections as needed.
* In conjunction with the Trust Company's proxy vendor, oversee the proxy process to ensure accurate reporting and distribution of proxy material by balancing shares reported by the vendor to the depository position.
Address any discrepancies by making necessary changes to share positions and address records in the proxy system to ensure the appropriate distribution of proxy materials.
Handle any proxy materials that are not processed through the vendor by researching, determining voting authority and distribution to the appropriate parties for voting.
* Monitor foreign dividend election notices received from the depositories.
Interpret the notices to determine appropriate tax election for each client holding the foreign security and the required documentation needed based on type of account and country.
Process the elections through the depository and vendor systems and provide necessary documentation to ensure the best dividend rate/payment for the Trust client accounts is received.
Handle any reclaims that need to be processed to recover withholding taken at payable.
Research any inquiries to address entitlement and documentation questions.
Monitor to ensure payments are received from various sources.
* Oversee and monitor Certificate of Deposits held at various institutions for our Trust Clients.
interest payments, maturities and reinvestment of income.
Process maturities, redemptions, purchases, renewals and re-registrations on certificates of deposit and savings accounts as directed by Trust Administration.
Monitor CD balances, credit interest payments and contact the various institutions as needed to ensure accurate client records.
Maintain rate information on CD products available for investment and communicate directly with Trust Administration when requested.
* Monitor and handle any checks received for assets held in our vault or at various institutions to ensure accurate entitlement and posting.
Research any discrepancies with the organizations and handle any necessary adjustments to balances in the clients accounts *Education Associate's Degree or equivalent combination of education and experience Business or Finance* *Experience* * Less than 2 years Financial Industry Job Type: Contract Salary: $16.
68 - $22.
00 per hour Expected hours: 40 per week Work setting: * In-person Experience: * Financial concepts: 1 year (Preferred) Ability to Commute: * Green Bay, WI 54301 (Preferred) Ability to Relocate: * Green Bay, WI 54301: Relocate before starting work (Preferred) Work Location: In person
*Location*: 100% ONSITE – 433 Main St.
Green Bay, WI *Important Notes:* *Hours: regular business hours 8:00am-430pm.
* · Contract to hire · Trust (or any accounting/financial/banking) background would be ideal, but NOT required.
Would likely be hard to find at this rate.
They are open to candidates with cash handling experience, balancing drawers, giving change, etc.
Can train on the rest of the job duties.
*Job Description:* Under limited supervision, determine entitlement for and subsequently process interest, principal payments, maturities, dividend payments (domestic and foreign) and principal distributions for credit to Trust client accounts.
Coordinate purchases and redemptions of certificate of deposits and re-register certificate of deposits transferring in or out of the Trust Company.
Setup and maintain Trust account loans and mortgages, process payments in the applicable systems and distribute year end statements and tax forms.
Oversee the distribution and entitlement of proxy material for company meetings, ensuring the proper handling of all proxy votes.
This person will also: · * Determine entitlement by monitoring record date and projection reports received from depositories and reconciling rate and share/bond information.
Research any discrepancies, communicate with depositories and process necessary changes to Trust client accounts prior to payable dates, * Process income payments on payable date to post interest, principal payments, maturities, dividends (domestic & foreign), principal distributions and reinvestment of interest and dividends to Trust client accounts.
Monitor daily exception reports to determine where what was forecasted does not match payment received.
Research exceptions when necessary to determine proper entitlement and process necessary entries to address exceptions.
Submit any claims to the various depositories to address any claims on income discrepancies.
* Review/monitor payments for mortgage backed securities for appropriate principal and interest payments.
Ensure proper payments are received based on principal and income factors provided by the depositories.
Research any discrepancies on payments caused by trades, receipts/deliveries of assets and be familiar with the payment delays on these type of issues.
Verify factors to ensure issues are in balance with the depositories, research out of balance occurrences to determine cause and process corrections as needed.
* In conjunction with the Trust Company's proxy vendor, oversee the proxy process to ensure accurate reporting and distribution of proxy material by balancing shares reported by the vendor to the depository position.
Address any discrepancies by making necessary changes to share positions and address records in the proxy system to ensure the appropriate distribution of proxy materials.
Handle any proxy materials that are not processed through the vendor by researching, determining voting authority and distribution to the appropriate parties for voting.
* Monitor foreign dividend election notices received from the depositories.
Interpret the notices to determine appropriate tax election for each client holding the foreign security and the required documentation needed based on type of account and country.
Process the elections through the depository and vendor systems and provide necessary documentation to ensure the best dividend rate/payment for the Trust client accounts is received.
Handle any reclaims that need to be processed to recover withholding taken at payable.
Research any inquiries to address entitlement and documentation questions.
Monitor to ensure payments are received from various sources.
* Oversee and monitor Certificate of Deposits held at various institutions for our Trust Clients.
interest payments, maturities and reinvestment of income.
Process maturities, redemptions, purchases, renewals and re-registrations on certificates of deposit and savings accounts as directed by Trust Administration.
Monitor CD balances, credit interest payments and contact the various institutions as needed to ensure accurate client records.
Maintain rate information on CD products available for investment and communicate directly with Trust Administration when requested.
* Monitor and handle any checks received for assets held in our vault or at various institutions to ensure accurate entitlement and posting.
Research any discrepancies with the organizations and handle any necessary adjustments to balances in the clients accounts *Education Associate's Degree or equivalent combination of education and experience Business or Finance* *Experience* * Less than 2 years Financial Industry Job Type: Contract Salary: $16.
68 - $22.
00 per hour Expected hours: 40 per week Work setting: * In-person Experience: * Financial concepts: 1 year (Preferred) Ability to Commute: * Green Bay, WI 54301 (Preferred) Ability to Relocate: * Green Bay, WI 54301: Relocate before starting work (Preferred) Work Location: In person
• Phone : NA
• Location : 433 Main Street, Green Bay, WI
• Post ID: 9067759572
