Associate Trust Operations Officer – Private Client

ROLE OVERVIEW

PURPOSE OF JOB

South Dakota Trust Company’s business is designed to accommodate the needs and desires of wealthy clients, both domestically and internationally, providing “flexible, cost-effective, service-oriented trust administration” in the #1 rated domestic trust jurisdiction. SDTC’s core focus is to serve families’ individual goals, while preserving family wealth in perpetuity.

Trust operations officers form a team with 2 to 3 trust administration officers to provide clients with holistic administrative and operational solutions. An operations officer is responsible for providing back-office support, ensuring compliance with AML requirements, and becoming a liaison for our trust accounting software, banking partners, and custodians.

MAIN RESPONSIBILITIES AND DUTIES

• Ensure payments for trust clients are made timely and are in accordance with the terms of the trust document and/or prevailing legal document.
• Maintain and update client data in trust accounting system.
• Enter trust holdings onto trust accounting system based on legal documentation.
• Ensure client statements are provided to clients and answer client questions regarding the accounting.
• Collect tax filings for mailing and verify payments are coded accurately.
• Process tax payments to the appropriate taxing authority.

ESSENTIAL REQUIRMENTS

• Bachelor’s Degree required in the area of accounting, business, legal or related field.
• Proficient computer skills with MS Word, Excel, and/or related software.
• Ability to interpret financial statements and legal documents.
• Must have excellent communication and organization skills.
• Must have ability to multi-task.
• Understanding of trust tax reporting, including but not limited to, forms 1041, 1042, FBAR, and FATCA desired.
• Understanding of trust compliance regulations desired.