Trust Operations Spec - Settlements / Income

Job Description

Job Description

Title : Trust Operations Specialist – Settlements / Income

Department : Trust Operations

Pay Range : TBD

FLSA Status : Non-exempt

Report to : Settlements / Income Supervisor

Company Profile : Argent Financial Group (Argent) is a leading, independent, fiduciary wealth management firm. Responsible for more than $105 billion in client assets. Argent provides individuals, families, businesses, and institutions with a broad range of wealth management services, including trusts and estate planning, investment management, ESOPs, retirement plan consulting, funeral and cemetery trusts, charitable organization administration, oil, and gas (mineral) management, and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930.

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.

Job 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 Specifics : Settlements / Income :

• 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 :

Credentials and Experience :