Trust Officers

Description

• Hiring multiple candidates*
  
  

First State Bank and Trust seeks motivated individuals to help our clients and community achieve more. It's a formula that has worked for over 100 years serving the St Croix Valley community. As guides, we work alongside our clients every step of the way, helping them achieve more because we believe achievement is more than a transaction; it's a journey.

And this is the same philosophy that extends to our team. By building a culture of care and commitment, we do more to help our employees achieve more. Focusing on development and career growth, we look to guide our employees on their career journey by providing resources to build and strengthen skills as well as actively give back and support our community through volunteer outreach and engagement.

We look forward to welcoming you to our team, so we achieve more, together.

Join the First State Bank and Trust team!

Job Description

To grow and manage the trust and investment business for which First State Bank and Trust acts as the personal representative of an estate, a trustee, or an agent under an investment management arrangement. Responsibilities include, but are not limited to:

• Develops new and additional business among prospects and existing trust clients.
• Advises on and manages client investments.
• Reviews, understands and interprets trust agreements, wills and other estate planning documents to limit regulatory and legal risk.
• Regularly communicates with outside advisors and individual clients to fully understand client’s needs and deliver an excellent client experience.
• On-boards and closes accounts; including asset identification, asset gathering and analysis in a high volume environment.
• Responds to client inquiries regarding problems and questions while maintaining proper correspondence and legal files.
• Coordinates with the team to carry out account administration and deliver financial reporting and planning materials for accounts.
• Works with the team to develop and strengthen systems and processes to enhance the client experience, achieve account objectives, simplify operations, improve efficiencies, and mitigate risk.
• Reviews and approves money movement transactions, tax, and accounting treatment, and confirms authorizations from clients, practice specialists, etc.
• Ensures beneficiaries are properly notified, and assets are distributed according to terms of wills.
• Presents seminars on trust and investment topics as opportunities are available.
• Makes sales presentations to prospective customers.
• Remains current on policy or procedural changes and new product offerings.
  
  

Requirements

• Bachelor’s degree required. Advanced designations, such as CTFA, JD, CFP, CPA, etc. is preferred.
• 3 years of trust and estate administration, servicing, and managing fiduciary relationships.
• Knowledge of trust administration principles, estate planning principles, taxes, and investment principles is required.
• Ability to manage real estate and other unique assets and identify and mitigate risks related to those assets.
• Knowledge of regulations, applicable laws, probate procedures, tax planning, and wealth transfer strategies.
• Demonstrated ability to balance compliance, legal, and business decisions.
• Ability to conduct financial, estate, and tax planning.
  
  

Benefits

• 401(k) matching
• Profit Sharing
• Dental Insurance
• Vision Insurance
• Disability Insurance
• Employee assistance program
• Flexible spending account
• Health Insurance
• Health savings account
• Life Insurance
• Paid holidays
• Paid time off