Trust Administrator

Key Responsibilities

• Manage cash balances to prevent overdrafts; act as cash manager for and coordinate with Portfolio Manager on raising cash to cure overdrafts.
• Ensure data on trust summary sheets is accurate and up to date.
• Prepare Discretionary Action Memorandums and arrange for beneficiary distributions.
• Arrange for the timely payment of trust expenses.
• Work with outside tax preparers to ensure tax filings and payments are made timely. Obtain tax documents, as applicable (K1).
• Facilitate and implement investment and/or distribution directions for directed trusts.
• Arrange for the funding of trust accounts in facilitating payment of expenses and distributions.
• Participates in annual account reviews.
• Aids in remediation efforts and with special projects.
• Maintains solid working knowledge of internal policies/procedures regarding fiduciary and administrative issues.
• Demonstrates solid ability to interpret and apply terms of governing instrument.

Client Service

• Provide excellent client service to internal partners and high-net-worth (HNW) clients.
• Manage all follow-up and/or ongoing client service deliverables.
• Communicate with other areas within the company (Legal, Marketing, Operations, Investment Management, Estate Administration, Compliance, Account Services) to meet deliverables.
• Support Trust Officers on various types of client service matters.

Ideal Qualifications

• Education and Experience - 4 + years’ trust experience
• Progress towards Trust school (e.g. Cannon Trust School) a plus
• Understanding of investments, trust, and estates
• Proficient with SEI / Global Plus or other trust accounting software preferred