The Trust Officer is responsible for the interpretation and execution of Legal Documentations as presented for Estate and Trust Administration, and is responsible for securing new business from new and existing clients.
*Essential Functions and Responsibilities:
- Administers assigned Personal Trusts, Agencies, Conservatorships, and other Court Supervised Trust.
- Services customers through advice giving on Tax planning at the entity and beneficiary level (estate, gift and income tax) and implementation of long-term family asset planning.
- Discuss all facets of financial planning including investment vehicles, specialized trust arrangements and sophisticated tax elections and options.
- Suggest as appropriate and assist in implementing custodial (de facto guardianship) and other personal care services for incapacitated or incompetent beneficiaries.
- Administer all fiduciary activities in compliance with 12 C.F.R. Reg 9 and American Bank and Trust Policies.
- Exercise discretionary distribution powers granted by the controlling document.
- Manage client’s investments through the use of standard investment vehicles including Mutual Funds, Individual Bonds and Model Equity Portfolios. Assume investment duties consulting with the third party investment firm and customer prior to the objective setting and asset allocation decisions.
- May prepare fiduciary tax and estimate tax returns.
- Interpret Wills, Trusts, and other legal documents balancing demands of customers with the business risk.
- Outline business development objectives with Trust Manager. Spend an agreed upon portion of time working to develop new profitable client relationships.
- Willingness to become involved with professional and civic organizations that will enhance the Bank’s image and profitability.
- Maintain a positive work atmosphere by interacting with the Bank’s internal/external customers (including, but not limited to: current customers, prospective customers, clients, vendors, co-workers, supervisors and management) in a mutually respectful manner regardless of race, color, religion, gender, national origin, age, disability, veteran status, sexual orientation and all other protected classes.
- Adhere to the highest standards of ethical business conduct and compliance by acting lawfully, ethically, honestly and professionally in the performance of their jobs at all times as well as be in compliance with Bank policy and procedures as it relates to their job function.
- Complete annual training on BSA & AML: An Overview, Privacy Compliance: Protecting Consumer Financial Information, Security and Safety and Securities and Insurance Products Awareness and comply with job-specific training requirements as directed by management.
- Inform customers of the Bank’s products and services and refer business to appropriate department.
- As this position develops, the associate may be assigned additional duties or special projects as deemed necessary by management
- Assume responsibility for understanding and complying with Bank attendance policy.
*Essential Functions to be performed with or without a reasonable accommodation
Education and/or Experience:
- High School Diploma or GED required
- Bachelors Degree in Business is required
- 5+ years experience in a Trust Administration preferred
- Juris Doctorate or CFP preferred
- Extensive knowledge of Trust tax and legal requirements
- Ability to service clients in a manner which will develop trust and long-term relationships
- Exceptional verbal and written communication skills
- High-level human relation, sales, team oriented and communication skills in order to work effectively with fellow staff and with potential and existing clients
Certified Trust and Financial Advisor (CTFA) designation is preferred
Must have ability to operate a variety of office equipment such as personal computers, printers, scanners and calculators. Working knowledge of Microsoft Office products required.