Sr. Trust Operations Associate

Mechanics Bank is currently searching for an Sr. Trust Operations Associate. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This role will be working on-site at our Walnut Creek, CA office.

Reviews and verifies trades. Documents, verifies, and post corporate actions. Reviews, verifies, documents, and post account transactions. Conducts monthly, quarterly and annual reconciliations. Closes accounts. Researches and process class actions suits. Process incoming and outgoing account transfers. Administers operational processes and support activities for any special assets including real estate, limited liability companies, limited partnerships, closely held business interests, and mineral, oil, and gas interests held in trust account portfolios. Responsible for liaising with our real estate and unique asset team as a primary point of contact for operational and technology related concerns.

What you will be doing:

• Liaises with Real Estate and Unique Assets as a primary contact to support operational processes centered around the onboarding and valuation of trust owned real estate, limited liability companies, limited partnerships, closely held business interests, and mineral, oil, and gas interests.
• Reviews and verifies securities trades to ensure accuracy regarding securities bought or sold. Conducts account transfers following instructions from Trust Officers, Trust Assistants, EBT Officers and Retirement Administrators. Ensures activity is coordinated with custodians.
• Documents, verifies, and processes corporate actions that affect client's securities, such as stock splits and mergers and acquisitions.
• Verifies, balances, and resolves exceptions of all securities reconciliations for assets held by IMT. Validates, balances, and processes fees and fee accruals for all accounts.
• Processes and reconciles a variety of transactions, including Certificate of Deposit, money market interest posting, Fed and State tax payments to IRS and EDD, and Domestic and Foreign Wire.

Who you are:

• Preferred 2 Year / Associate Degree
• Preferred 5 years in a Trust Operations role.
• Knowledge of Trust Accounting policies, practices, and procedures.
• Advanced knowledge of securities processing.
• Skill in applying mathematical formulas.
• Excellent attention to detail and accuracy.
• Ability to understand and interpret Trust instructions and related documentation.
• Ability to communicate effectively verbally and in writing.

#LI-DNI

Hourly Pay: $30.00-42.00

Final compensation package will be determined by the work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, sexual orientation or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCPhere.

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