trust accounts supervisor

trust accounts supervisor

A professional who supervises and coordinates activities of workers engaged in processing settlement of cash or securities transactions for trust-account customers in trust division of commercial bank. Responsibilities include:

Reviews debit and credit entries to customer trust accounts pertaining to cash or securities transactions to determine whether funds were received or disbursed according to predetermined schedules, trust or investment-department instructions, or instructions on customer account records, using computer terminal and computer printouts.

Assists workers with more difficult aspects of preparing records and transmittal documents for transactions involving purchase or sale of customer assets, recording interest and balance on contracts and notes, recording stock dividends, and placing insurance for customer property held in trust.

Trains new workers.

Performs other duties as described under supervisor master title.

May be designated according to specialized area of work as Securities Supervisor.

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Part of Speech: noun
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Industry/Domain: Professional careers
Category: Occupational titles
Company: U.S. DOL
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