Jarred Daily

Trust Operations leader with 15+ years of experience utilizing and managing multiple accounting platforms that support complex trust structures. Established track record in process optimization, regulatory readiness, and tax reporting operations. Proven competencies in building scalable workflows, reducing operational risk, and improving efficiency across high-volume trust environments.

VICE PRESIDENT & TRUST OPERATIONS ANALYST - HOUSTON TRUST COMPANY - Houston, TX

(2021-01)

• Oversee end-to-end trust operations (corporate actions, asset transfers, tax processing, escheatment, oil & gas asset administration) utilizing the Fi-Tek GWES platform, which maintains 1,200+ accounts / $11 billion asset valuation.
• Serve as a primary operational resource supporting trust administration, client service, and portfolio management teams.
• Led process improvement initiatives that reduced manual processing risk and improved operational efficiency across key workflows (corporate actions, tax reporting, and asset servicing).
• Manage tax-related operational processes, including IRS reporting (1099, 1098, 5498) and federal tax payments via EFTPS, including the initial buildout of the firm's internal payment workflow.
• Perform K-1 analysis and reconciliation for MLP holdings, ensuring accurate income classification and client reporting.
• Oversee return of capital (ROC) processing and cost basis adjustments across applicable holdings.
• Support the administration of oil & gas assets, including ad valorem tax payments, working interest accounting, royalty income, lease bonuses, and statutory depletion calculations.
• Partner with compliance and audit teams to support regulatory requirements, internal controls, and audit readiness.

ASSISTANT VICE PRESIDENT & TRUST OPERATIONS SUPERVISOR - THE NATIONAL BANK OF INDIANAPOLIS - Indianapolis, IN

(2016-09 - 2021-12)

• Lead a team of four trust operations specialists (Mutual Fund Specialist, Custody Specialist, Database Specialist, and Directed Trust Specialist) which functioned as the core operational infrastructure for a $10B trust company.
• Developed a new billing process for the corporate trust division, which reduced the overall monthly processing time by 33 percent.
• Prepared all initial documentation and subsequent responses related to internal/external audits, which included annual SOC 1 and OCC examinations.
• Responsible for negotiating multiple vendor contracts (FIS Charlotte, Matrix, Fidelity, Globe Tax Services) that substantially increased efficiency across the National Bank of Indianapolis trust department.
• Created an active database that streamlined the quarterly processing of 12b-1 fee payments for all retirement planning accounts.
• Redesigned the account conversion process, which cut the average timeframe of receiving client assets by nearly 40 percent.
• Served as the leader of three sub-committees (Trust Operations, Audit, Process & Procedures) which worked to increase overall efficiency and prevent back-end fraud losses.

TRUST OPERATIONS OFFICER - THE NATIONAL BANK OF INDIANAPOLIS - Indianapolis, IN

(2012-08 - 2016-09)

• Provided operational support for account administrators and served as a liaison between the various internal departments within the wealth management division.
• Oversaw all daily trading, income posting, and account transfers executed through the FIS Charlotte (CFO) trust accounting platform.
• Served as project manager for a conversion in mutual fund custodians from Matrix to Fidelity, which created additional efficiencies and substantial cost savings for the wealth management division.
• Responsible for all daily departmental balancing and account/asset reconciliations.
• Developed executive reporting (Accrued Fees, Admin Relationships, IRA RMDs) used by the COO and governance committees.

BACHELOR OF SCIENCE - FINANCE - INDIANA UNIVERSITY (2005-08)