What are the responsibilities and job description for the Personal Trust Officer position at Exchange Bank?
The Personal Trust Officer will administer and manage an assigned case load of personal trust accounts, estate settlements and personal agency accounts, including managing client relationships.
Essential Functions:
- Trust Administration/Account Management:
- Administer case load to ensure compliance with applicable contract terms, laws and department policy.
- Manage relationships with clients and their professional advisors.
- Develop and maintain a thorough understanding of client needs and make cross-referrals to appropriate Bank resources.
- Perform annual oversight of trust tax reporting.
- Direct and approve account transactions submitted by the Trust Assistant, including funding, transfers, bill payments, and corrections.
- Evaluate and manage account cash flow including requesting and executing investment recommendations.
- Estate Administration:
- Manage estate settlements as assigned to include: direct contact with beneficiaries, collection and inventory of assets, management of personal property, arrangement of tax and legal services, real estate transactions, and distribution of estate assets.
Minimum Qualifications:
- Bachelor's degree in business administration or other closely related field and at least 3 to 5 years of experience in trust administration; or an equivalent combination of education and experience.
- Certified Trust and Financial Advisor (CTFA) designation preferred but not required
- Trust, legal or accounting experience (corporate trustee preferred)
- Knowledge of estate planning concepts
- The ability to network and have a strong connection to the community you serve
- Strong relationship building/networking skills that gains trust and confidence
- Solid problem solving abilities
- Outstanding verbal and written communication skills
- Flexibility & ability to work in an environment that is continually evolving
- Knowledge of investments/tax/real estate
Compensation
The hiring range for this position is $71,000 to $139,000. The salary offered will fall within this range commensurate with the candidate's applicable experience, education, and skills.
Salary : $71,000 - $139,000