Trust Officer
Description
The Trust Officer will be responsible for the daily administration of trusts, estates, agencies and other accounts. This individual will develop and grow long-term trusted relationships with clients and external partners. To be successful in this role, you must be a team player and possess a passion for serving others.
Position Responsibilities and Duties - Trust Officer:
Responsible for the professional administration, management, and servicing of assigned trust accounts in accordance with the terms specified in the governing documents and state law.
Proactively manage onboarding and closing of accounts, asset identification, asset gathering, analysis and payment of expenses, discretionary distributions and completion of required reviews and reports for regulatory or internal purposes.
Review and interpret language in trusts and other estate planning documents in order to formulate a plan for execution of the overall estate planning strategy while limiting fiduciary, regulatory and legal risk.
Discuss and explain complex estate planning concepts, trust terms and legal requirements with beneficiaries and financial advisors in a way that is easy to understand.
Conduct strategic planning meetings with legal, tax and asset management professionals and considering their advice when making decisions necessary to administer trusts and estates.
Understand and balance the needs of grantors and all current and future beneficiaries within a fiduciary framework.
Properly document all account details and updates, as well as written and verbal communications with clients and their team of advisors. Establish, update, and maintains files, inventories and records, as required.
Strive to deliver the highest service and client contact standards, including regular client communication and prompt responsiveness to client and advisor inquiries.
Maintain relationships with existing clients to identify additional opportunities.
Qualifications:
- Bachelor’s degree in Economics, Finance, Accounting, or Business Administration or Juris Doctorate
- 5+ years of experience in an accounting and/or trust environment
- Progress toward professional certification, such as CTFA, CPA or CFP, strongly preferred
- Broad knowledge of such fields as accounting, business administration, finance, etc.
- Knowledge of trust administration principles, estate planning principles, taxes, and investment principles required
- Demonstrated ability to balance compliance, legal, and business decisions
- Ability to work in a cross-functional team-based environment and delegate work appropriately
- Ability to use trust accounting system, Microsoft products and other automation tools
- Ability to effectively train, delegate and follow up with others who provide service to the client
- Must be highly skilled in written and verbal communication (especially in complex matters) and demonstrate a high level of interpersonal skills
- Ability to develop, create and grow relationships and be active in the community
- Strong collaboration and leadership skills
- Remain high level of confidentiality at all times
- High level of problem solving and organizational skills
- Limited travel or after-hours support may be required