Trust Specialty Asset Manager

JOB FUNCTION / SUMMARY

Manages and develops a complex portfolio of specialty assets and large client relationships for Trust and Asset Management accounts. Trust specialty assets include real estate, oil & gas, closely-held entities, notes and mortgages, and tangible personal property.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Manages and develops new business for large and complex trust and asset management relationships.
• Provides specialty assets management and client services for a complex portfolio of specialty assets in accordance with the terms of governing documents, client investment needs, applicable federal, state, and local laws and regulations, and Bank/Trust Department policies and procedures.
• Provides clients with solutions to specialty assets or account problems; designs, structures, and manages individual assets or portfolios to meet specific client objectives and investment performance; provides in-depth portfolio analysis to ensure proper diversification.
• Acts as the specialty assets management representative for internal partners focusing on exceptional service delivery and new business development in a specific or regional geographic area.
• Supports Wealth Team’s business development activities and initiatives to attain sales goals.
• Supports Wealth Team’s business development activities and initiatives to attain sales goals.
• Supports Wealth Team’s business development activities and initiatives to attain sales goals.
• Supports Wealth Team’s business development activities and initiatives to attain sales goals.
• Represents Bank on boards or committees related to businesses or institutions for which the Trust Department provides a service.
• Analyzes, studies, and gains full understanding of governing and legal documents.
• Assures the specialty assets management and account activities are in compliance with Bank/Trust Department policies, procedures, and any applicable federal/state laws and regulations.
• Contacts or corresponds with attorneys, agencies, co-trustees/co-executors, lessors, and other parties who have an interest in any aspect of a specialty asset or its account.
• Sets up meetings with clients and attends meetings as needed.
• Represents the company in business activities and serves as a contact for customers, attorneys, CPAs and beneficiaries relating to assets and accounts under management.
• May mentor more junior asset managers and administrators on all aspects of managing, servicing, and developing specialty assets and trust relationships.
• Documents in accordance with Trust policy and keeps current records on all property held at the direction of the settlor or owner.
• Directs collection of earnings from sale of assets and placement of proceeds in trust account.
• Reviews financing documents to assure that the Bank is comfortable with all terms and conditions that may require the hiring of trustee counsel to represent the Bank in the transaction and the negotiation of terms of the documents.

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE

• Requires a Bachelor's degree, preferably in Business, Finance, or Accounting, and three (3) of professional real estate, oil & gas, or other specialty assets services experience and/or training.
• An equivalent combination of education and related experience may be considered.
• Trust administration/operations, banking, or financial services experience and an understanding of the banking industry preferred.
• Supervisory experience preferred.
• Industry licensing and/or certifications preferred but not required.
• Must be able to demonstrate experienced knowledge of specialty assets management and administration.
• Basic knowledge of Microsoft Office applications, including Excel, PowerPoint, and Office required.