Trust Officer

Responsibilities

• Trust Administration: Oversee the administration of trust accounts, including establishing trusts, managing trust assets, and ensuring compliance with trust agreements and applicable laws.
• Client Relationship Management: Serve as the primary point of contact for high-net-worth clients, addressing their inquiries, providing guidance on trust-related matters, and cultivating strong relationships to understand their financial goals and needs.
• Fiduciary Duties: Fulfill fiduciary responsibilities by acting in the best interests of trust beneficiaries, making prudent investment decisions, and executing trust distributions and disbursements accurately and timely.
• Asset Management: Partner with Portfolio Managers to develop and implement investment strategies for trust assets in alignment with clients’ risk tolerance, investment objectives and applicable legal requirements.
• Risk Management: Assess and mitigate risks associated with trust administration, investment activities, and regulatory compliance, ensuring the protection of client assets and interests.
• Compliance: Stay abreast of regulatory changes and ensure adherence to trust laws, tax regulations, and industry standards to maintain compliance and mitigate legal risks.
• Documenting and Reporting: Prepare and maintain accurate trust documentation, including trust agreements, investment records, and financial reports, and provide comprehensive reporting to clients and regulatory authorities as required.
• Team Collaboration: Collaborate with internal Trust Experts, including Portfolio Managers, Legal and Compliance to address complex trust issues, resolve client concerns, and optimize trust administration process
• Aid clients with inquires, request and account maintenance.
• Cook up client meetings, prepare meeting materials, and assist with follow-up tasks as needed.
• Maintain accurate client records and documentation.

Qualifications

• Bachelor's degree in finance, business administration, or related field; advanced degree preferably a law degree and/or professional certifications (e.g., CTFA, CFP, CFA preferred)
• Extensive experience (3-5 years) in trust administration, estate planning or wealth management preferably with a trust company or financial institution.
• In-depth knowledge of trust laws, fiduciary responsibilities, investment principles, and tax implications related to trust accounts.
• Strong analytical skills with the ability to assess complex financial situations and develop strategic solutions.
• Excellent communication and interpersonal skills for effectively interacting with clients, colleagues, and external stakeholders.
• Proficiency in trust administration software and Microsoft Office Suite.
• Commitment to upholding ethical standards, maintaining confidentiality, and delivering exceptional service to clients.

Benefits

• Competitive salary and performance based incentives. The company provides a competitive new business incentive program allowing marketing oriented Trust Administrators the opportunity to significantly increase compensation. The position is not required to meet new annual business goals or have a marketing focus.
• Comprehensive top tier health, retirement, and wellness benefits. The firm pays 100% of medical plans for individual and family minus a nominal premium for spousal coverage. 401k, profit sharing plan, Paid Time Off, Extended Sick Leave and Paid Holidays
• Opportunities for professional development
• A supportive and collaborative work environment with a focus on work life balance