Summary:

This role provides day to day processing functions associated with in-house Wealth Management Operations, including daily routine processing, reconciliations, financial accountings, and other projects as assigned. Responsibilities include a wide range of routine as well as some complex functions including but not limited to those listed below.

Responsibilities:

• Facilitate the operational component of asset onboarding: ensure transfer paperwork is in good order; upload transfer paperwork to custodian for processing; track progress of pending asset transfers.
• Monitor and maintain accurate shadow accounting data on the Wealth Management platform, including interaction and follow-up with multiple external custodians.
• Work closely with the Operations Manager in preparing and reviewing specialized town accountings, along with interaction and follow-up with the outside accounting firm
• Process and respond to various internal Wealth Management requests assigned through the ticketing tool
• Execute bill payment tasks as primary processor and/or secondary reviewer
• Post and maintain updates to the Wealth Management platform
• Perform various reconciliations: daily, weekly, monthly
• Assist with the gathering and organizing of audit documents as needed
• Enter the daily operations cash tickets to the retail banking system as needed
• Develop and update operational procedures, ensuring they are current and organized
• Provide back up to others in the Wealth Management Operations Team
• Work on projects as needed

Qualifications:

• Associate or Bachelor’s degree, in accounting or related field.
• Minimum 3 years of experience preferred, working at a bank, financial service or investment firm, trust/wealth management organization, or trust department within a law firm.
• Experience in financial service operations, applications/systems; exposure to wealth/trust accounting systems preferred.
• Meticulous attention to detail required
• Proven analytical and decision-making skills, with effective problem resolution.
• Ability to work well with others as a team player and as an independent contributor
• Capacity to prioritize, juggle a variety of tasks, and interact with colleagues at all levels.
• Working knowledge of Microsoft Office, specifically with spreadsheets, word processing and electronic mail applications.
• Strong computer, organizational and communication skills.
• Desire to work in an operations environment with a willingness to accept new assignments and to pitch-in.
• Established business ethic reflecting independence and job accountability.

Working Conditions/Physical Demands:

• Normal office environment.
• Ability to learn new systems.
• Frequent sitting and standing at a desk.
• Heavy keyboard use.

Individuals must be in compliance with Cambridge Trust’s COVID 19 Vaccination Policy. For a copy of this policy, and/or reasonable accommodations, please contact HumanResources@cambridgetrust.com.

Although we list out what we generally look for, we are likely missing other attributes and skills you have that could make you a great fit. Research has shown, this especially applies to women and other marginalized groups who tend to apply if they check 100% of every box, versus men who apply if they hit roughly 60%. The point we’re getting at, it doesn’t hurt to take a chance and apply!

Cambridge Trust Company is an Equal Opportunity Employer of women, minorities, protected veterans, and individuals with disabilities.

• External and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case-by-case basis