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Trust Distributions Operations Analyst Job in Cleveland, Ohio US
Monster
 
 
 
 

Job Summary

Company
KeyBank NA
Location
Cleveland, OH
Industries
Government and Military
Job Type
Full Time
Employee
Years of Experience
2+ to 5 Years
Job Reference Code
78582459

Trust Distributions Operations Analyst

About the Job

Location:
4900 Tiedeman Road - Brooklyn, Ohio 44144-2302

Trust Distributions is responsible to act on the instructions of the Trust Administrator in Key Private Bank and Wealth Management to effect and coordinate distributions over the life cycle of the trust. The analyst has responsibility to read the governing trust and custody documents and evaluate the legitimacy and appropriateness of the distributions being requested from the trust. The analyst is responsible to ensure that all required authorization documentation is in place to allow the distribution to take place, as well as ensuring that any tax, court accounting, probate administration and IRA compliance ramifications of the distribution are understood and properly addressed.

Essential Job Functions

Review and interpret trust and custody legal agreements to determine whether specific distributions are permitted under the document.

Complete the most complex distributions proficiently, according to department procedure and in accordance with Service Level Agreements. Specifically, complete all processes for the following types of distributions: Gifts, revocations, birthday/anniversary distributions, miscellaneous distributions, death distributions, estate distributions, including all with single or multiple beneficiaries and with complex provisions.

Prepare income and principal cash allocations, or other schedules as required to complete the processing.

Construct appropriate and professional communications to beneficiaries and/or clients as required by the procedures for the distribution. Communications may be oral or written and must reflect positively on Key.

Coordinate transfer of assets, charging of fees and reserving cash for payment of taxes and other expenses.

Process online cash transactions and creation of distribution instructions.

Provide excellent service to trust administrators/associates, clients and beneficiaries in completing all processes.

Meet performance objectives for accuracy and timeliness in completing distributions.

Actively participate in department projects and efforts to increase efficiency and improve service.

Contribute ideas for improvement appropriately.

Participate in training of new employees or employees learning new functions.

Required Qualifications

Four year degree in Business or Finance or equivalent work experience.

Excellent verbal and written communication skills.

Proven analytical and quantitative ability.

Strong decision-making skills

Able to prioritize effectively

Proven experience and success in a team environment.

Strong problem resolution skills.

Excellent organizational skills. Ability to manage multiple priorities.

Ability to learn detailed processes quickly and function independently with limited supervision.

Strong peer leadership skills.

Qualified candidate must be able to report to the Tiedeman location 2 times per week and local to Brooklyn, OH.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be mobile or home based, which means you may work either at a home office or in a Key facility to perform your job duties.

Job Posting Expiration Date: 03/29/2024

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing .

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
 
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