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Accounting / Finance
Comerica Bank Looking for Trust Accounting and Operations Specialist at Detroit, MI Full Time
Job Description
Trust Accounting, Reconciliation, and Regulatory Reporting
Job Summary
Primarily responsible for the creation, meaningful assessment, and distribution of financial and regulatory reports. Oversees and executes critical reconciliation activities related to Comerica Trust’s outsourced Trust Operations. Serves as the primary contact for reconciliation and reporting activities as well as handling inquires received from Finance, Senior Leadership, Internal Audit, and Corporate Compliance.
Primarily responsible for the creation, meaningful assessment, and distribution of financial and regulatory reports. Oversees and executes critical reconciliation activities related to Comerica Trust’s outsourced Trust Operations. Serves as the primary contact for reconciliation and reporting activities as well as handling inquires received from Finance, Senior Leadership, Internal Audit, and Corporate Compliance.
Position Responsibilities:
Accounting, Reconciliation, and Reg Reporting
- Responsible for performing a variety of accounting, analytical, & financial reporting duties ensuring client and investor activity reporting is prepared and completed appropriately.
- Serves as a technical accounting expert without management responsibilities and is seen as a subject matter expert and key advisor on significant business/accounting decisions to team and partners.
- Prepares financial information for regulators, finance, and senior leadership.
- Communicates with partners when discrepancies are identified including recommendations and/or solutions to resolve the potential error.
- Create and balance reports from the Trust Accounting System with the outside partner firms and the outsourced Trust Operations vendor.
- Creation and oversight of fee activities that impact areas outside of Trust Operations. These activities include but are not limited to fee reversals/pending fee deletions, miscellaneous fees, external investment advisor fee reporting, fee discounting and fees by situs.
- Generate Global FX Currency, Global Market Value, and Transactions reporting for impacted business units and transactional databases.
- Responsible for meeting and/or exceeding SLA requirements for all assigned tasks.
- Investigate and troubleshoot any discrepancies and provide correction recommendations to leadership.
Customer Service/Support
- Establishes and maintains effective relationships with both internal and external customers.
Training
- Acts as a mentor to colleagues within the team providing training, advice, expertise, and guidance, assisting them to the successful completion of their assigned projects.
- Cross-train and provide backup on all duties within the core team.
- Timely completion of all enterprise assigned and Comerica Trust specific training activities.
Also responsible for training system users (both internal and external) providing workable processes and procedural changes.
Position Qualifications
- 4 year bachelor’s degree
- Accounting experience
Comerica Bank Center (CBC)8:00am – 5:00pm Monday – Friday
Comerica is proud to be an Equal Opportunity Employer – veterans/individuals with disabilities, committed to workplace diversity.
