What are the responsibilities and job description for the Corporate Trust Administrator position at Herring Bank?
Benefits:
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
About the Role
Herring Bank is seeking an experienced and detail-oriented Corporate Trust Administrator to support our Wealth Management team. This role is responsible for administering church bond–related trust instruments while serving as a corporate indenture trustee. You’ll act as a fiduciary for bondholders, ensuring issuers comply with trust agreements, managing funds, answering investor inquiries, and protecting bondholder interests, especially in default situations.
This position is ideal for someone with a strong trust background who thrives in a regulated environment, values accuracy and accountability, and enjoys balancing technical work with client interaction.
What You’ll Do
- Administer church bond trust indentures and related governing documents
- Monitor issuer compliance with trust terms, covenants, and financial reporting requirements
- Collect, manage, and distribute principal and interest payments to bondholders
- Serve as the primary point of contact for bondholders and issuers
- Respond to bondholder questions related to payments, ownership documentation, and tax reporting
- Process deposits and prepare journal entries for bond orders, transfer fees, sinking funds, and administrative fees
- Maintain and scan trust documentation including W-9s, wills, death certificates, and powers of attorney
- Perform annual administrative reviews for each bond issuance
- Explain trust default, enforcement, and foreclosure processes to bondholders
- Exercise trustee powers during default events in accordance with the indenture
- Provide backup support for daily trust operations and journal entries as needed
- Refer customers to appropriate bank partners for additional products and services
- Support a collaborative team environment and a high-quality customer experience
What You’ll Bring
- High school diploma or equivalent and 5 years of relevant trust experience
OR a bachelor’s degree in business, Accounting, Finance, or a related field - Strong working knowledge of trust indentures, trust law, and fiduciary responsibilities
- Proficiency with Microsoft Office Suite, especially Excel
- Experience with trust accounting systems preferred
- Excellent communication, organization, and time-management skills
- Ability to manage multiple priorities with accuracy and discretion
- Strong customer service mindset and attention to confidentiality
- Ability to work independently with minimal supervision
- Must pass a background and credit check
Why Herring Bank?
We’re a growing community bank committed to integrity, trust, and personalized service. As we continue to expand, we’re looking for professionals who value long-term relationships, teamwork, and doing the right thing for customers and communities alike.
Salary : $75,000 - $90,000