Account Administrator - Valuations at Millennium Trust Company (Chicago, IL)

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MILLENNIUM TRUST COMPANY is a rapidly-growing, leading financial services company offering specialized retirement and institutional services. Whether clients are managing corporate retirement assets, running a business or wanting choice beyond traditional asset options, we provide flexible and digital solutions to support our clients' success. Ultimately, we aim to educate and increase access to investments to help our clients on their journey to retirement readiness, but do not provide investment advice.
Millennium Trust has experienced year-to-year double digit growth and prides itself on its strong, progressive culture. We have been recognized for our tremendous growth on lists, such as Crain's Fast 50 and Inc. 5000, and have also been recognized for our positive workplace culture on the 2019 Best Places to Work in Illinois list, as well as the 2019 Model Workplace Award and 2018 Champion for Young Professionals Award from the Greater Oak Brook Chamber of Commerce. Millennium Trust employees live out the values of Do Right, Excel, Collaborate, Innovate and Celebrate and deliver the brand promise of going "Above and Beyond," so each client experiences the highest level of service.
We are always looking to expand our growing team with dynamic and enthusiastic individuals. If you enjoy a collaborative, fun environment that encourages career development, Millennium Trust is the place for you!
POSITION SUMMARY:
The Valuations team is responsible for updating valuations for alternative assets held in custody by Millennium Trust. These updates, received from investment sponsors or other third parties, are processed both manually and through the use of an automated reconciliation system. The Account Administrator - Valuations is responsible for facilitating alternative asset valuation updates through implementation and administration of the reconciliation system and manual processing. The incumbent will work closely with investment sponsors, clients, and various internal departments to resolve any issues that arise. The ideal candidate will be able to multitask while also being detail oriented, flexible and analytical.
ESSENTIAL JOB FUNCTIONS:
  • Facilitate asset valuation updates through implementation and administration of the TRecs reconciliation system
  • Complete assigned TRecs implementation tasks in a timely manner to ensure that the project progresses, and follow-through with any ongoing responsibilities
  • Review and record alternative asset valuation updates, which includes analyzing sponsor statements and reconciling activity to the Trust Accounting System to identify and resolve differences
  • Research and resolve complex valuation issues
  • Monitor past due alternative asset valuations and assist with periodic and year-end valuation mailings to sponsors and clients
  • Ensure all processing consistently meets established service levels and is done with a high degree of accuracy
  • Create and maintain written operating procedures related to assigned functions
  • Actively share ideas to improve department processes and efficiencies
  • Other duties as assigned

EDUCATION, EXPERIENCE AND SKILLS REQUIRED:
  • Bachelor's Degree in Accounting, Finance or related field
  • 1-3 years of applicable experience
  • Ability to be detail-oriented, organized and dependable
  • Possess a strong aptitude for numbers and reconciliations
  • Operate efficiently, with a high degree of accuracy and follow-through
  • Proven ability to both prioritize and manage multiple tasks to completion
  • Ability to work effectively and accurately under pressure
  • Proactive and analytical, able to problem-solve and propose solutions
  • Possess excellent verbal and written communication skills
  • Operate with a high sense of responsibility and conscientiousness in delivering results
  • Optimistic with a consistently positive and flexible attitude
  • Demonstrated computer aptitude and proficiency with Microsoft Excel, Word and Outlook
  • Ability to maintain the highest quality of service
  • IRA knowledge and experience with alternative investments and data archival systems preferred

Check out a video on our Company Culture! Millennium Trust Culture
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Location

Our company is located in the heart of Oak Brook, within steps of Oakbrook Center mall.

An Insider's view of Millennium Trust Company

What are some social events your company does?

Our MTC culture is defined by our employees for our employees. The primary aspect of our culture that makes us unique is our ability to “Celebrate.” From charity events to social gatherings, we provide employees with multiple opportunities to learn more about one another, give back to others and expand our professional skills!

Rebecca

Manager, People Operations

What does your typical day look like?

I collaborate with internal business users to gather requirements for projects and enhancements. I develop these solutions using both no-code and code methodologies in Salesforce. It's rewarding knowing that we're making life easier for both our internal and external clients through streamlined, automated processes with a shorter turnaround time.

Alec

IT Business Developer/Analyst

How has your career grown since starting at the company?

I started out as a Sales & Marketing Coordinator at MTC in 2013. I’ve since been promoted twice and asked to lead our MTCulture Team. I test-drove my leadership skills early on by volunteering for opportunities to lead small meetings/projects, join internal and external committees, and organize events and workshops. I always welcome a challenge!

Lauren

AVP, Regional Director, Custody Services

How do you make yourself accessible to the rest of the team?

Throughout the transition to a virtual work environment, I have continued with a “virtual” open door policy. I give visibility into my workload and transparency about my availability through the use of MS Teams, email and open dialogue on current and upcoming projects.

Rachel

Accounting Manager

How does the company support your career growth?

I started as an intern on the help desk team. I had many opportunities to learn and meet 1-on-1 with executives who provided mentoring and support for me to learn and grow. I’m now a full-time employee and my managers are very supportive in pushing me to advance my career, encouraging me to identify areas of the business I’d like to progress into.

Oliver

Application Support Analyst

What are Millennium Trust Company Perks + Benefits

Millennium Trust Company Benefits Overview

We provide a full range of competitive benefits, augmented by what we'll call 'soft' benefits like our state-of-the-art office building with fitness center (free access/membership) and business-casual dress code.

Culture
Volunteer in local community
Partners with Nonprofits
Eat lunch together
Intracompany committees
Open door policy
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Remote Work Program
Family Medical Leave
Vacation & Time Off Benefits
Generous PTO
Manager level and above have discretionary PTO.
Paid Volunteer Time
Full-time employees receive 8 hours per year of VTO per year to be used to volunteer in a company-sponsored event during work hours or with a registered 501(c)3 organization of your choice.
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Stocked Kitchen
Coffee, tea, water and healthy snacks.
Parking
Fitness Subsidies
There are free fitness facilities in our office building.
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
We offer eligible employees a company funded contribution applied to a qualified higher education student loan. This benefit helps employees pay off their student loans faster and save money.
Lunch and learns
Cross functional training encouraged
Promote from within
Time allotted for learning
Online course subscriptions available
Customized development tracks

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