What are the responsibilities and job description for the Trust Officer position at Adams Keegan?
The Trust Officer will report directly to the Trust Department President. The Trust Officer will handle the administration of accounts which name our client in fiduciary capacities. They will communicate with clients, professionals, and beneficiaries to accomplish the goals and objectives of the accounts in an efficient, professional manner.
Main Job Tasks and Responsibilities:
- Facilitate the administration of Trusts, Estates, Investment Agencies, Custodial Accounts, Escrow Accounts, and IRA’s in accordance with bank policies.
- Manage account opening, ongoing administration, reviews and account closings.
- Facilitate onboarding of accounts and ongoing communication as necessary with outside attorneys, accountants, and investment advisors.
- Assist in the preparation of Federal and State tax returns. Produce and organize requested materials for regulatory authorities and auditors as needed. Manage the physical custody of stock certificates, documents and records, and other account assets as needed.
- Assist Senior Trust Officers as needed in the administration of complex or large account relationships.
- Other duties as assigned.
Education and Experience:
- Bachelor’s Degree Required.
- 3 years in Trust Experience
- Strong analytical skills
- Well-developed written and verbal communication skills
- Ability to identify and resolve complex problems with minimal guidance
- Ability to read, understand, and explain complex financial reports, trust instruments and other legal documents to others
- Professional and articulate
- Good organizational skills
Preferred Skills/Experience:
- Additional educational Certifications such as CFP, CTFA, or CFIRS
- Advanced Degree in Business or other related field (MBA, JD, etc.) with relevant experience
- Experience with the FIS/Sungard AddVantage Accounting System
