What are the responsibilities and job description for the Vice President of Wealth Management / Trust Administrator position at Cornerstone National Bank & Trust Company?
Cornerstone National Bank and Trust Company provides comprehensive "fee-only" wealth management solutions free from conflicts of interest including investment management, fiduciary services, financial planning services, and estate and tax planning services. We pride ourselves on providing first class client service and being mindful of our values and our strong foundation in community banking.
JOB DESCRIPTION
The Vice President of Wealth Management / Trust Administrator will be able to effectively manage a wide variety of Trust and estate accounts and relationships comprised of testamentary, revocable, and irrevocable trusts, special needs trusts including charitable foundations, and retirement plans, in accordance with trust documents, applicable laws, and company policies and procedures.
RESPONSIBILITIES
- Administration for Trusts, Estates, Guardianships, Investment Accounts, and Individual Retirement accounts.
- Responsible for managing all of the administrative and fiduciary functions of the accounts assigned, including managing all accounts in accordance with Trust documents, applicable laws, and the Bank's Trust compliance guidelines.
- Bringing Wealth Management ideas to clients concerning estate planning issues: gift, estate, and other tax and financial concerns of the client.
- Working with clients to develop and deepen the relationship, gaining their respect as well as that of their family to foster longevity of the family relationship with the Bank.
- Managing accounts with complex situations, including unusual assets, unique family dynamics, and ever-changing needs of Trust beneficiaries and clients.
- Managing the assigned accounts' relationship contact requirements for the team by initiating team communication for proactive client contact.
- Maintaining a collaborative teamwork environment with the Bank's referral sources, as well as external professionals, to appropriately satisfy the needs of wealth management clients and communicate the benefits of Trust services to clients.
SKILLS
- Ability to analyze and interpret legal instruments and apply sound fiduciary judgement to Trust matters to ensure fulfillment of the Bank's fiduciary responsibilities.
- Detail-oriented with an eye for problem solving in a collaborative manner.
- Excellent written, verbal, and interpersonal communication skills.
QUALIFICATIONS
- Bachelor's Degree in a related field of study, such as finance, business or accounting.
- A minimum of 10 years of experience in Wealth Management and Fiduciary Administration.
- A working knowledge of fiduciary laws.
- Advanced degree of certification such as JD, LLM, CPA, or CTFA preferred.
About Cornerstone National Bank & Trust Company:
Founded in 2000, Cornerstone National Bank & Trust Company was built on the principle of developing long-term relationships with individuals, families, and small to medium-sized businesses by providing a full array of the highest quality financial products and services. With locations in Palatine, Crystal Lake, Deer Park, Naperville, and Schaumburg, the bank offers services in personal banking, commercial lending, wealth management, mortgages, and more. Through unparalleled customer service and rich tradition of local history and community involvement, Cornerstone National Bank & Trust Company is Where You Belong.