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Trust Operations Specialist

About Us

 

Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of clients and communities in the Washington, D.C. region for almost 150 years?  If so, Sandy Spring Bank may be the perfect fit for you!

 

To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify.  We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care, flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities.  We are proud to offer those, and so much more, making Sandy Spring Bank a desirable place to work and build a career.

 

Sandy Spring Bank is a growing financial services company focused on creating remarkable experiences for our employees, clients, shareholders and communities.  We are proud to be recognized for the12th consecutive year by Forbes magazine as one of the top 50 “Most Trustworthy” corporations in America.

 

About The Job

Sandy Spring Bank is currently seeking a Trust Operations Specialist in the Trust Department.  If you are the chosen candidate, you will be under occasional supervision, in line with established procedures; you will perform a variety of duties associated with trust operations. 

 

Areas of Focus:

  • Manage bill paying system ensuring all bills are paid through online system.  Review disbursement maps and invoices.  Set up new scheduled deposits and disbursements as needed.

  • Reconcile trust system, process money market trades, reconcile money market balances and accruals.  Process and post incoming ACH and checks.

  • Process transactions including contributions, distributions and mutual fund trades as directed by Retirement Plan administrator.

  • Scan work in Optima and verify automated income.

  • Assist with printing and mailing of statements, send electronic files to vendors, move money for custodian income and fees. 

  • Reconcile various types of accounts.

  • Review fee calculation worksheets.

  • Review class action notices and process class action proceeds.

  • Review account transfers ensuring receipt of cost basis and date acquired.  Post assets to account and monitor delivery of securities keeping Operations Manager advised of status.

  • Prepare letters for outgoing transfers.

  • Provide backup for Operations Manager and trust processors.

  • Respond to requests promptly and serve as a technical resource to Trust Operations Team.

  • Mentor junior team members and resolve any client or operational issues proactively.

Required Skills:

  • 5 years of experience as Trust Processer II or 3-5 years of work related experience.

  • Familiarity with trust products and services as well as knowledge of accounting as it applies to trust accounts.

  • Experience in data entry and report writing and the ability to troubleshoot program problems.

  • Problem solving skills, and the ability to analyze data from diverse sources.

  • Regular contact with internal and external groups.  Interpersonal skills needed to maintain positive rapport within the organization.

  • Independent judgement required in interpreting existing policies and procedures.

 

Sandy Spring Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, disability, gender identity, veteran status, or any other characteristic protected by law. We maintain a drug-free workplace.

 

If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5.  Requests are considered on a case-by-case