What are the responsibilities and job description for the Trust Officer position at First Hope Bank?
The Trust Officer is responsible for the daily administration of trust accounts ensuring that assets are invested and distributed according to the trust and applicable laws.
Key Responsibilities
- Responsible for lifecycle account administration from account opening through termination and closing. Including communication with beneficiaries and professional partners.
- Evaluate trust account requests, responding within parameters defined in trust documents
- Prepare discretionary disbursement requests and matters for administrative review and approval.
- Facilitates payment of expenses, liabilities, and disbursement of funds as needed by the beneficiaries and conditions of the trust.
- Prepares reports and financial accountings for grantor, beneficiaries, executors, and/or courts as required by specific provisions of a trust agreement.
- Prepares, files, and pays, or oversees preparation and payment of applicable state and federal taxes for the trust.
- Promotes the banks trust services to clients, community members, and business associates.
- Account Acceptance Review and presentation to Committee.
- Member of the Trust Administration Committee.
All First Hope Associates
- Participate in community events to promote and enhance the banks’ presence and image in the community.
Knowledge
- Interact with a variety of departments, both front line sales and back-office operations support, daily conducting business with tact, patience, diplomacy, and confidentiality.
- Deliver excellent customer service that meets the bank’s standards to internal and external customers.
- Adhere to established guidelines and procedures related to all job functions to include Privacy.
Skills
- Excellent organizational, math, and sales skills.
- Effective written and verbal communication skills.
- Apply common sense understanding to carry out instructions, make decisions and solve problems.
- Excellent computer skills in Microsoft Windows environment and all job-related software programs.
- Detail oriented with a high degree of accuracy while meeting deadlines.
Education and Experience
- College degree or equivalent business experience
- 5 years’ experience with a bank trust department or a law firm specializing in Trust and Estate work.
Working Conditions
- Professional office environment with moderate sound.
- Ability to travel to branches, off-site training, and/or meetings as needed.
Our Benefits
We believe our associates are our greatest asset and are proud to offer a compensation and benefits package designed to support your health, financial security, and work-life balance. Our offerings include a range of medical, dental, and vision plans, paid time off and sick leave, retirement savings plan with employer match and resources to support your well-being. Associates have the potential to benefit from a stock ownership program and annual bonus based on both individual and bank performance.
EOE (v/d)