Trust Officer

Profile

Trust Officer
The candidate will do administer accounts in accordance with stated account agreements and/or legal documents to ensure fiduciary duties and responsibilities are carried out to avoid risk and/or surcharges to the Bank. Administer and settle estates in accordance with a decedent’s Last Will & Testament. Respond to inquiries or requests for information from clients/beneficiaries, accountants, attorneys, courts, interested parties, auditors, regulators, and internal Bank personnel, as appropriate. Document account files to reflect client/beneficiary communications, instructions, and authorizations to avoid/minimize risk to the Bank. Communicate account instructions/changes, as needed, to Trust Management, portfolio managers, tax preparers, and operations personnel. Work with portfolio managers in the development of investment objectives and policy statements. Daily review of account transaction activity and overdrafts with appropriate action. Perform annual administrative reviews on accounts. Direct liquidation of funds, when needed, for distributions and/or expenses from account. Analyze, recommend or determine discretionary distribution decisions in accordance with legal instrument and Trust Policy. Direct and oversee transfer of funds, account distributions, and payment of invoices. Prepare interim and final accountings for trusts and estates, as needed. Hire real estate appraisers and brokers, perform property inspections, ensure real estate is adequately insured and maintained, and ensure property that is sold reflects the best interest of the beneficiaries. Develop and maintain relationships with Wealth Management personnel for cross selling business opportunities. Develop and maintain relationships with area market centers of influence to generate new business. J.D. or B.S., B.A., or M.B.A. degree with a major in Business, Accounting, Marketing, Finance, Economics or related field. Paralegal with experience in trusts and estates. Strong interpersonal skills. Strong written and verbal skills including comfort level for public speaking. Strong analytical and problem solving skills. Ability to analyze, comprehend, and interpret legal documents. Strong mathematic skills. Accounting knowledge. Income tax knowledge and/or experience. Strong attention to detail with ability to work independently and manage deadlines/workflow. Self-starter. Strong computer skills including use of Word, Excel, and PowerPoint. Knowledge of trusts, estates, investments, employee benefits. Valid driver’s license. Minimum of two (2) years' experience in trust industry or related position preferred.

Company info

Sign Up Now - EmploymentCrossing.com