What are the responsibilities and job description for the Trust Officer position at FIRST STATE BANK & TRUST?
Type of Position: Full time; Hours 8:00 AM -5:00 PM M-F; Occasional evening/weekend work may be required – Some travel may be required
General Summary
This position requires a high level of confidentiality and attention to detail. Must not share any information regarding clients with family, friends, spouse, public, etc. Maintain close customer contact regarding portfolio management. Be a team player with all members of the Department. Willing to learn the legal aspects of Trust Administration to make proper administrative decisions. Research and review of customer files and possess good teamwork abilities. Maintain proper file documentation. We will train the right candidates; applicants do not need to have Trust operations experience to apply.
Essential Duties and Responsibilities:
- Assure proper handling of accounts assigned, monitor investments, and portfolio management for clients. Monitor receipts of income, approve expenses and distributions.
- Account administration of all accounts assigned. Account types may consist of personal trusts, investment agencies, insurance trusts, and estates.
- Maintain good communication with current and prospective clients. Respond promptly and accurately to client requests, questions or concerns.
- Serve as legal consultant for Department. Review, monitor and work closely with other Trust officers and staff as necessary regarding legal aspects of accounts and the Department.
- Work closely with the accountant to provide trust tax information and ensure timely filing of 5500’s.
- New business development to grow the Department. Community involvement to enhance the image of the bank.
*Job descriptions and work assignments are subject to change as business needs and conditions require. Supervisors may assign job duties and tasks not listed in description at any time. Department Heads and members of the Management Team may also make additional job assignments. First State Bank & Trust is an equal opportunity employer.
Qualifications:Knowledge, Skills and Abilities Required:
- Associate’s degree or equivalent in financial, business, legal or wealth management industry preferred but will train
- Organizational skills, multi-task oriented and possess attention to detail. Must be able to work under pressure and meet deadlines.
- Good oral and written communication skills, computer skills, ability to learn quickly and to work as a team player.
- Willing to learn Trust laws, rules, and regulations. Keep well-informed of financial markets, the economy and economic forecasts.
- Need to enjoy working with people whether in person or by phone.
- When visiting with clients and the public, listen for opportunities to sell and cross sell services provided by the Bank.
- Maintain public profile by being involved in community and bank organizations and events. Assist trust personnel in preparing brochures, pamphlets, and newsletters to promote the services provided by the Trust Department. Coordinate Trust Seminars as necessary for client base and prospective clients.
- Must be able to network with clients, general public and employees to enhance the overall image of the Department. Maintain and enhance competency by attending specialized trust qualified plan and/or tax schools, conferences, seminars, or webinars.