Sr Trust Officer

Job Description

The Sr. Trust Officer is responsible for the high-level professional administration of fiduciary accounts. This includes maintaining relationship with clients, possessing technical fiduciary knowledge, and increasing technical knowledge in areas pertaining
to these accounts. This position will also be responsible for promoting the full breadth of the Trust Department's fiduciary platform both internally and externally to grow our business. This includes actively participating in the sales process and working
with centers of influence and the professional community to develop a network of external referral partners.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Perform all functions as necessary to properly administer all aspects of accounts handled in the Trust Department. These accounts include Trusts, Estates, Investment Agencies, Custodial Accounts, Escrow Accounts, Corporate Trusts, IRA's and Employee Benefit
accounts.

2. Manage account opening, ongoing administration, reviews and account closing procedures, ongoing client contact, problem resolution and accounting preparation to service department clients as needed.

3. Manage contact with attorneys and accountants, as well as other professional service providers.

4. Coordinate, oversee, and complete preparation and distribution, of all departmental 5498's, 1099's & Tax Ledgers.

5. Coordinate, oversee, and follow-up on the preparation of all Federal and State tax returns required by accounts held in the Trust Department.

6. Forward tax ledgers and K-1's to clients and accountants to aid in preparation of tax returns.

7. Assist with the development of departmental policies and procedures.

8. Responsible for the basic interpretation of Wills, Trusts, and other legal documents, while balancing demands of customers.

9. Produce and organize all necessary and requested materials for regulatory authorities and auditors and provide on-site responses and support during examinations and Audits.

10. Responsible for maximizing the profitability of existing accounts by communicating the benefits of bank trust services to clients and prospects.

11. Work with other Bank departments to market and promote Trust Department services. This duty is performed annually.

12. Actively participate in community activities to increase the Bank's visibility and to enhance new business networking opportunities.

13. Work on special projects as assigned by department manager.

14. Completes required BSA/AML training and other compliance training as assigned.

15. The ability to work in a constant state of alertness and in a safe manner.

16. Perform any other related duties as required or assigned.
EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 7 years related experience and/or training, and 5 years related management experience, or equivalent combination of
education and experience.

COMMUNICATION SKILLS

Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

CRITICAL THINKING SKILLS

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Valid driver's license

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

C.T.O.S. (Certified Trust Operations Specialist)

SOFTWARE SKILLS REQUIRED

Advanced: 10-Key, Accounting, Alphanumeric Data Entry, Spreadsheet, Word Processing/Typing

Intermediate: Contact Management, Database, Presentation/PowerPoint

WORKING CONDITIONS

Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking; and occasional pushing, carrying, or lifting.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential
functions.

The noise level in the work environment is usually moderate.

PHYSICAL ACTIVITIES

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform
the essential functions and expectations.

Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.

While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel; regularly required to talk or hear; frequently required to reach with hands and arms; and occasionally required to stand, walk, climb
or balance. The employee must occasionally lift and/or move up to 25 pounds; frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; distance vision; color vision; peripheral vision; depth perception;
and ability to adjust focus.

ADDITIONAL INFORMATION

Required education and experience:
At least 5 years of Trust or equivalent experience in a related field.

Preferred education and experience:
Master's degree in business or law degree.

Additional professional certifications such as employee benefits, Trust, estate planner, etc.

Must be available for occasional overnight travel.

Original job postingSubmit Resume

Let's block ads! (Why?)