Sr. Trust Officer - Market Leader
About the role
The Sr. Trust Officer - Market Leader role at Mechanics Bank involves administering and managing large and complex trust, investment management, agent for trustee, and custody accounts. This position requires a strong understanding of legal and tax documents and the ability to represent the bank in various professional settings.
Responsibilities
- Proactively administer and manage trust, investment management, agent for trustee, and custody accounts.
- Accurately interpret and apply provisions of governing documents consistent with applicable statutes and regulations.
- Manage all tax and legal activities related to assigned accounts.
- Coverage of account assets, ensuring appropriate documentation and authorization for payments.
- Communicate with clients, beneficiaries, attorneys, CPAs, and other professionals to resolve account issues and concerns.
- Cultivate relationships with clients, beneficiaries, and other key stakeholders to foster referrals and new business opportunities.
- Represent the bank in civic and community groups to enhance its reputation and expand business opportunities.
- Travel 10-20% of the time.
Requirements
- 4-year Bachelor's Degree in Business Administration, Finance, or a related field, with a Graduate Degree preferred.
- 10 years minimum of trust administration experience, with 3 years of leadership experience.
- Licensing and certifications: CTFA or JD preferred, Notary license may need to be obtained.
- Extensive knowledge of personal trust administration, with 10+ years of experience.
- Ability to analyze and interpret legal, investment, and tax documents, working effectively with internal and external advisors.
- Effective interpersonal relationship and communication skills.
- Knowledge of fiduciary and individual income tax laws, gift, estate, and generation-skipping transfer tax laws.
- Strong computer skills, including the ability to utilize specialized trust administration software.
- Proactive approach to problem-solving and ability to identify and address potential liability issues.
Qualifications
- 4-year Bachelor's Degree in Business Administration, Finance, or a related field, with a Graduate Degree preferred.
- 10 years minimum of trust administration experience, with 3 years of leadership experience.
- Licensing and certifications: CTFA or JD preferred, Notary license may need to be obtained.
- Extensive knowledge of personal trust administration, with 10+ years of experience.
- Ability to analyze and interpret legal, investment, and tax documents, working effectively with internal and external advisors.
- Effective interpersonal relationship and communication skills.
- Knowledge of fiduciary and individual income tax laws, gift, estate, and generation-skipping transfer tax laws.
- Strong computer skills, including the ability to utilize specialized trust administration software.
- Proactive approach to problem-solving and ability to identify and address potential liability issues.
Skills
- Trust Administration
- Tax Law
- Legal Interpretation
- Client Relationship Management
- Communication Skills
- Problem Solving
- Leadership
Benefits
Our comprehensive employee benefits program includes medical, prescription, dental, and vision coverage, life insurance, AD&D, and disability benefits. We also offer a Health Savings Account with employer contribution, Healthcare and Dependent Care Flexible Spending Accounts, and a 401(k) with company contribution. Additionally, we provide a 529 Education Savings plan, Tuition Reimbursement Program, and Student Loan Assistance Program. Employees are eligible for free personal checking and savings accounts, discounted rates on primary residence loans, and 11 paid holidays, up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year.
Pay
The pay range for this position is $170,000 - $260,000 annually, with an additional AIP bonus up to 25%.