Simplify Logo

Full-Time

Trust Administrative Assistant

Onsite, Oakbrook or Aurora, IL

Confirmed live in the last 24 hours

Old Second

Old Second

501-1,000 employees

Local bank offering comprehensive financial services

Consulting
Fintech
Financial Services

Junior

Montgomery, IL, USA + 1 more

Category
Administrative & Executive Assistance
Administrative Support
Customer Service & Reception
Requirements
  • High school diploma (or equivalent) and two or more years of experience in a Trust office environment; or equivalent combination of education and experience.
  • Highly attentive and responsive to client service and team members.
  • Excellent oral, written and interpersonal skills.
  • Professional appearance and demeanor.
  • Strong administrative and organizational skills.
  • Computer proficiency including Microsoft Office Suite (Word, Excel, Power Point) and Adobe Acrobat.
  • Basic to moderate knowledge and understanding of trust administration, IRA concepts, accounting procedures and tax laws as they apply to individuals and fiduciaries.
Responsibilities
  • Collect information for customer meetings and prepare meeting books/materials.
  • Respond to customer inquiries and service requests promptly including properly logging/reimbursing receipts, responding to balance inquiries, and advising clients on options available within established trust guidelines.
  • Manage the new account opening process to comply with tax and audit policies and regulations, which includes processing paperwork, opening accounts on the system, notifying all appropriate areas of new business, and setting up digital account folders.
  • Process daily deposits and disbursements. Identify and resolve problems and discrepancies arising in account administration including referencing trust documents to determine proper course of action.
  • Serve as project leader for tax preparation and compliance including sending proper documentation for each client to tax preparer, follow up on missing information, and sending completed tax documents to clients.
  • Coordinate our IRA reporting and documentation process.
  • Daily review of cash and transaction reports for liquidity and accuracy.
  • Ability to work in a team environment with attention to detail.
  • Assist on preparation of court accountings as assigned.
  • Preparation of asset transfer forms.
  • Other duties as assigned.

Old Second is a local bank serving the Chicago metropolitan area for over 150 years, offering financial services to individuals, families, and businesses. It provides products like debit and credit cards, prepaid cards, and treasury services, focusing on personal banking and commercial banking solutions. The bank generates revenue through interest on loans and fees for account services, and is currently upgrading its online banking platform to enhance user experience for commercial clients. Old Second aims to deliver personalized financial services while maintaining a strong commitment to its community.

Company Stage

N/A

Total Funding

N/A

Headquarters

Aurora, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Old Second's recognition as the 'Best Bank in Illinois 2021' underscores its strong reputation and customer satisfaction.
  • The bank's strategic acquisitions, such as West Suburban Bank, expand its market reach and client base.
  • The addition of experienced professionals like Mike Daniele and Steve Rankins to the commercial banking group strengthens its leadership and service capabilities.

What critics are saying

  • The bank's regional focus may limit its growth potential compared to national or global banks.
  • Transitioning to new technological platforms like Corporate O2 can pose implementation challenges and temporary disruptions.

What makes Old Second unique

  • Old Second's deep-rooted history of over 150 years and strong community ties in the Chicagoland area set it apart from newer, less established banks.
  • The bank's focus on commercial banking services, including treasury management, provides specialized support for local businesses, unlike many competitors.
  • Old Second's commitment to technological innovation, exemplified by the transition to the Corporate O2 platform, ensures it remains competitive in the digital age.