Trust Operations Specialist Settlements/Income-(Birmingham) Position Available In Jefferson, Alabama
Tallo's Job Summary: The Trust Operations Specialist - Settlements/Income position in Birmingham, AL involves daily income and interest settlements for various assets held at Argent's global depositories. Responsibilities include reviewing and posting transactions, investigating discrepancies, and maintaining accurate records. Candidates should have strong analytic skills, financial market knowledge, and basic computer proficiency. A college degree in a business-related field and 2-3 years of experience in financial services are preferred for this role within Argent's Operations Department.
Job Description
Trust Operations Specialist – Settlements/Income-(Birmingham)
Position Summary:
The Settlements/Income Analyst is responsible for the daily income and interest settlements of stocks, bonds, mutual funds, and other income producing assets held at Argent’s global depositories.
Job Location:
Birmingham, AL
Department Profile:
The role of Trust Operations Specialist Settlements/Income is a dynamic team-based role within Argent’s Operations Department. The Operations Department’s responsibilities cover activities that support the overall services provided to Argent’s clients. Some of the services supported by Operations include (but not limited to), account transfers, asset movement, client deposit and disbursement processing, fund accounting, mail processing, and reconciliation of client and DDA accounts. The Operations Department interacts daily with internal personnel and external institutions.
Duties & Responsibilities:
Review and post daily income and trade settlement transactions from Argent’s custodians.
Identify and investigate discrepancies, variances, and exceptions in Depository Income reports, working closely with Argent’s custodian account representative to resolve outstanding issues.
Review and post Corporate Actions on all asset types held at global depositories.
Maintain accurate records, documentation, and audit trails of income and settlement activities, ensuring compliance with internal procedures and policies.
Assist with routine audits, internal and external, to provide documentation on activities covered by the respective audit.
Individual will also be expected to cross train on additional desks within the Settlements Team.
Knowledge, Skills, and Abilities:
Must be detail oriented, with strong analytic, research and communication skills.
Basic knowledge of financial securities markets and Investments preferred.
Basic computer skills.
Knowledge of Microsoft Office Suite.
Ability to work in a team environment.
Ability to establish priorities, work independently, and proceed with objectives with minimum supervision.
Credentials and Experience:
College degree in business related field preferred.
2-3 years in the financial services industry
Basic Accounting knowledge, including debits and credits.
Equivalent combination of education and experience.
