Senior Trust Administrator - Middle Office at FIS

About FIS

FIS is a global leader in financial technology, offering a wide range of solutions and services to financial institutions and businesses worldwide. With a commitment to innovation and customer satisfaction, FIS empowers its clients to achieve their business goals and thrive in today's rapidly changing financial landscape.

About the Team

The Virtus team at FIS specializes in providing alternative investment services and technology solutions. This team delivers comprehensive front, middle, and back-office services to asset managers, banks, and other institutional investors. Virtus helps its clients manage their alternative investment portfolios, including CLO/CDOs, private equity, hedge funds, and other alternative assets.

Role Overview

As a Senior Trust Administrator in the Middle Office team, you will play a crucial role in maintaining the books and records on behalf of collateral managers who have outsourced their middle office functions. You will lead the team in reconciling and maintaining client data, as well as reviewing monthly and quarterly reports. This position requires a strong understanding of financial transactions, excellent communication skills, and the ability to work effectively with both technical and non-technical stakeholders.

Day in the Life

Your day-to-day responsibilities as a Senior Trust Administrator may include:

• Providing dedicated support to assigned Trust Account Managers in the administration of structured finance accounts.
• Maintaining ongoing communication with financial partners and trust clients to ensure high levels of service and client satisfaction.
• Investigating and resolving account discrepancies.
• Reconciling cash flows, accounts, and data sets.
• Performing fee-sharing calculations, including manual computations as needed.
• Maintaining accurate and organized account documentation for both current and historical reference.
• Reconciling client data and addressing client inquiries.
• Preparing and analyzing financial reports.

Why Houston, Texas?

Houston is a vibrant and diverse city with a thriving financial sector. As one of the largest cities in the United States, Houston offers a wide range of cultural attractions, entertainment options, and career opportunities. The city is also home to a number of major corporations and financial institutions, making it an ideal location for professionals in the financial services industry.

Career Path

FIS offers a variety of career paths for talented and motivated individuals. As a Senior Trust Administrator, you can advance your career by taking on additional responsibilities, mentoring junior team members, and pursuing professional development opportunities. With experience and dedication, you can move into roles such as Trust Account Manager, Team Lead, or other leadership positions within the organization.

Salary & Benefits

FIS is committed to providing its employees with competitive compensation and a comprehensive benefits package. The estimated salary range for this position is $82,000 - $140,000 annually. FIS offers a range of benefits, including health insurance, dental insurance, vision insurance, paid time off, and a 401(k) retirement plan with company match.

FIS Culture

At FIS, we foster a culture of innovation, collaboration, and continuous learning. We believe in empowering our employees to make a difference and providing them with the resources and support they need to succeed. FIS is committed to diversity and inclusion, and we strive to create a work environment where everyone feels valued and respected.

How to Apply

If you are interested in applying for the Senior Trust Administrator position, please submit your resume and cover letter through the FIS careers website. Be sure to highlight your relevant skills and experience, and explain why you are a good fit for the role.

FAQ

1. What are the key responsibilities of a Senior Trust Administrator?

   The Senior Trust Administrator is responsible for maintaining the books and records on behalf of collateral managers, reconciling client data, and reviewing monthly and quarterly reports.

2. What qualifications are required for this position?

   A bachelor's degree in business administration, finance, or a related field is required, along with at least 3 years of financial services experience.

3. What skills are important for success in this role?

   Key skills include cash reconciliation, data reconciliation, financial reporting, client communication, and proficiency in Microsoft Excel.

4. What is the career path for a Senior Trust Administrator?

   With experience and dedication, you can advance to roles such as Trust Account Manager, Team Lead, or other leadership positions within FIS.

5. What benefits does FIS offer?

   FIS offers a comprehensive benefits package, including health insurance, dental insurance, vision insurance, paid time off, and a 401(k) retirement plan with company match.

6. What is the work environment like at FIS?

   FIS fosters a culture of innovation, collaboration, and continuous learning, with a commitment to diversity and inclusion.

7. What is the salary range for this position?

   The estimated salary range for the Senior Trust Administrator position is $82,000 - $140,000 annually.

8. What is the Middle Office Team responsible for?

   The Middle Office Team is responsible for maintaining the books and records on behalf of collateral managers who have outsourced their middle office functions.

9. What software knowledge is helpful for this role?

   Experience with trust administration systems such as CDO Suite, Solvas, or similar platforms is a plus.

10. Is experience with CLOs/CDOs required?

    Familiarity with syndicated loans, CLOs/CDOs, or corporate trust securities is an added bonus.