What does a trust accounts supervisor do?
Trust accounts supervisor responsibilities
Here are examples of responsibilities from real trust accounts supervisor resumes:
- Manage portfolio of accounts consisting of housing, transportation, education and industrial development of both municipal and corporate issuers.
- Audit, correct client statements, and prepare estate and probate accounts.
- Maintain client pension records, produce quarterly statements, and complete the required IRS report filings.
- Provide frontline and second level customer service support to TWIC customers, TSA as well as other program relate personnel.
- Focuse on evaluating collateral assets cash flow and portfolio performance to deliver financial obligations as required by legal CMBS/RMBS notes.
- Establish complete securities processing department for all assets hold under trust, regarding securities transfer re-registration procedures.
Trust accounts supervisor skills and personality traits
We calculated that 33% of Trust Accounts Supervisors are proficient in Real Estate, Reconciliations, and Tax Returns. They’re also known for soft skills such as Listening skills, Negotiating skills, and Speaking skills.
We break down the percentage of Trust Accounts Supervisors that have these skills listed on their resume here:
- Real Estate, 33%
Collaborated with legal and real estate departments in developing accounting system for estates and trusts held by non-profit hospital.
- Reconciliations, 10%
Supported Trust Accounting Department by completing account reconciliations for retirement plans and other plan valuation activities.
- Tax Returns, 8%
Review with clients their tax returns, loan history and bank reconciliation.
- Financial Statements, 6%
Prepared financial statements for the trust accounting department -Completed distributions for clients and organized financial and client information using Microsoft Excel
- CPA, 6%
Review financial statements with upper management and outside CPA firm periodically.
- Journal Entries, 5%
Prepared month-end review of all assets and account activities to ensure proper journal entries and/ or transfers have been made.
"real estate," "reconciliations," and "tax returns" are among the most common skills that trust accounts supervisors use at work. You can find even more trust accounts supervisor responsibilities below, including:
Listening skills. One of the key soft skills for a trust accounts supervisor to have is listening skills. You can see how this relates to what trust accounts supervisors do because "collectors must pay attention to what debtors say when trying to negotiate a repayment plan." Additionally, a trust accounts supervisor resume shows how trust accounts supervisors use listening skills: "communicated closely with administrators to include accurate a/r balances reconciled bank statements working with main bank contact. "
Negotiating skills. Many trust accounts supervisor duties rely on negotiating skills. "the main aspects of a collector’s job are reconciling the differences between two parties (the debtor and the creditor) and offering a solution that is acceptable to both parties.," so a trust accounts supervisor will need this skill often in their role. This resume example is just one of many ways trust accounts supervisor responsibilities rely on negotiating skills: "maintained vendor relationships, while negotiating vendor payment terms in order to work within company cash flow constraints. "
Speaking skills. Another skill that relates to the job responsibilities of trust accounts supervisors is speaking skills. This skill is critical to many everyday trust accounts supervisor duties, as "collectors must be able to speak to debtors to explain their options and ensure that they fully understand what is being said." This example from a resume shows how this skill is used: "prepared month end closing, and presented financial reports to company controller. "
The three companies that hire the most trust accounts supervisors are:
- PKF O'Connor Davies4 trust accounts supervisors jobs
- Robert Half2 trust accounts supervisors jobs
- Creative Artists Agency2 trust accounts supervisors jobs
Compare different trust accounts supervisors
Trust accounts supervisor vs. Supervisor, patient access
A patient access supervisor is an individual who is responsible for supervising a health facility's patient registration, inpatient and outpatient, the financial counseling division, central scheduling, and the PBX department. Patient access supervisors must ensure that high-quality service for patients is achieved as well as the accuracy of information. They must create staffing calendars and make hiring decisions to maintain adequate staffing in the department. Patient access supervisors must also develop and implement policies and procedures for the department.
These skill sets are where the common ground ends though. The responsibilities of a trust accounts supervisor are more likely to require skills like "real estate," "reconciliations," "tax returns," and "financial statements." On the other hand, a job as a supervisor, patient access requires skills like "patients," "customer service," "patient care," and "revenue cycle." As you can see, what employees do in each career varies considerably.
Supervisors, patient access earn the highest salaries when working in the health care industry, with an average yearly salary of $48,671. On the other hand, trust accounts supervisors are paid more in the real estate industry with an average salary of $84,003.On average, supervisors, patient access reach similar levels of education than trust accounts supervisors. Supervisors, patient access are 0.7% less likely to earn a Master's Degree and 0.0% less likely to graduate with a Doctoral Degree.Trust accounts supervisor vs. Managing supervisor
A managing supervisor is an individual who is responsible for managing staff members and providing reports about their progress and development in the organization. Managing supervisors must represent the company to the external parties and should exhibit excellent leadership. They are expected to assist in the hiring process and selection of staff members for the company and train them on their new assignments. They must also maintain proper discipline among the staff members to avoid conflicts.
In addition to the difference in salary, there are some other key differences worth noting. For example, trust accounts supervisor responsibilities are more likely to require skills like "real estate," "reconciliations," "tax returns," and "financial statements." Meanwhile, a managing supervisor has duties that require skills in areas such as "patients," "customer service," "oversight," and "hipaa." These differences highlight just how different the day-to-day in each role looks.
Managing supervisors may earn a higher salary than trust accounts supervisors, but managing supervisors earn the most pay in the media industry with an average salary of $82,331. On the other hand, trust accounts supervisors receive higher pay in the real estate industry, where they earn an average salary of $84,003.In general, managing supervisors achieve similar levels of education than trust accounts supervisors. They're 0.4% less likely to obtain a Master's Degree while being 0.0% more likely to earn a Doctoral Degree.Trust accounts supervisor vs. Billing supervisor
A billing supervisor is primarily in charge of spearheading and overseeing the billing procedures of a company. Typically managing a team of billing specialists and clerks, a billing supervisor must set goals and guidelines, gather and analyze billing data, develop reports to be presented to directors and other executives, and create strategies to optimize billing processes. They must also monitor all procedures, ensuring it complies with the company's policies. Furthermore, as a supervisor, they must lead and encourage the workforce to reach goals while implementing the rules and regulations of the company.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a trust accounts supervisor is likely to be skilled in "real estate," "reconciliations," "tax returns," and "financial statements," while a typical billing supervisor is skilled in "customer service," "patients," "billing procedures," and "medicaid."
Billing supervisors earn the best pay in the professional industry, where they command an average salary of $61,827. Trust accounts supervisors earn the highest pay from the real estate industry, with an average salary of $84,003.Most billing supervisors achieve a similar degree level compared to trust accounts supervisors. For example, they're 2.9% less likely to graduate with a Master's Degree, and 0.1% less likely to earn a Doctoral Degree.Trust accounts supervisor vs. Senior supervisor
A senior supervisor is responsible for overseeing staff work and ensures that employees reach weekly or monthly quotas and other production commitments. To complete the deadlines, a senior supervisor must diligently communicate with project team leaders to ensure task completion within the agreed deadline. A senior supervisor also monitors employee productivity and provides constructive feedback. They also offer coaching to develop team members and serve as a bridge between upper management and subordinates in ways that comply with the company's vision and mission.
Types of trust accounts supervisor
Updated January 8, 2025
