Associate Trust Operations Officer - Private Client

About the role

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 trust accounting software, banking partners, and custodians.

Responsibilities

• Ensure payments for trust clients are made timely and in accordance with the terms of the trust document and/or prevailing legal document.
• Maintain and update client data in the trust accounting system.
• Enter trust holdings onto the 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.

Requirements

• Bachelor’s Degree required in 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.
• Excellent communication and organization skills.
• 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.

This is a permanent, hybrid role within the Private Client Services division.