What are the responsibilities and job description for the Trust Account Admin position at fnbalaska?
GENERAL PURPOSE SUMMARY
Initiates, develops, directs and maintains trust business relationships and oversees the administration of highly complex trust and other fiduciary accounts by performing the following essential duties and responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Regularly executes all the activities set forth in the bank’s Business Development Program, including scheduling proactive meetings with customers, prospective customers and Centers of Influence (COIs), tracking and reporting calls and pipeline details, participating in bank-sponsored events designed to strengthen customer relationships and networks, and engaging in relevant community organizations and events.
- Acquires, expands and retains customer relationships by identifying banking opportunities, strategizing proactive business development activities, cultivating referral networks, and focusing on viable target markets.
- Represents the Wealth Management Section in the community and maintains business relationships with customers, attorneys, and beneficiaries relating to the management of trust accounts; analyzes the needs of existing and potential customers considering account profitability and other related factors to market the appropriate bank products/services.
- Prepares trust and business development presentations, and writes proposals for presentation to management, bank customers, potential clients, or governmental entities.
- Administers highly complex trust and other fiduciary accounts and ensures compliance with enabling documents, department policies and procedures, applicable regulations, statutes and legal precedents.
- Directs and coordinates the compilation of information required for fiduciary account management, making recommendations to the Wealth Management & Trust Committee; oversees tax planning and tax preparation.
- Assists with business development plans; reviews and assists with development of Wealth Management Section policies and procedures.
- Assists Wealth Management Director in the preparation of financial and regulatory reports required by law and the Board of Directors.
- Performs other work-related duties as assigned by supervisor.
SUPERVISORY RESPONSIBILITIES
May supervise employees. In the supervisory role, carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Trains employees: plans, assigns, and directs work; addresses complaints; resolves problems, and may be requested to make hiring, evaluating, and terminating recommendations regarding employees.
