What are the responsibilities and job description for the Trust Officer - Private Client position at JTC Group?
ROLE OVERVIEW
PURPOSE OF JOB
South Dakota Trust Company's business is designed to accommodate the needs and desires of wealthy clients, both domestically and internationally, providing “flexible, cost- effective, service-oriented trust administration” in the #1 rated domestic trust jurisdiction. SDTC’s core focus is to serve families’ individual goals, while preserving family wealth in perpetuity.
The Trust Officer is responsible for managing and administering trust accounts, ensuring compliance with legal and fiduciary obligations while maintaining strong relationships with our trusted partners. This role involves overseeing trust operations, working with SDTC’s PTC partners to fulfill the regulatory and reporting requirements.
MAIN RESPONSIBILITIES AND DUTIES
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Administer and manage trust accounts, ensuring compliance with fiduciary laws, policies, and regulations.
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Serve as the primary point of contact for PTC partners, trusted advisors, providing exceptional service and addressing inquiries.
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Develop and implement trust strategies tailored to clients' financial and estate planning needs.
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Review trust documents, interpret terms, and ensure adherence to the grantor’s intent.
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Coordinate with legal, tax, and investment professionals to ensure all necessary filing requirements are fulfilled.
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Monitor distributions, and account activities, ensuring compliance with trust provisions.
- Prepare and present reports on trust activities to SDTC’s PTC partners and trust beneficiaries.
ESSENTIAL REQUIREMENTS
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Bachelor’s degree in finance, Business, Law, or a related field (CTFA, CFP, or CPA designation is a plus).
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Minimum of 3 years of experience in trust administration, estate planning, or wealth management.
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Strong understanding of fiduciary responsibilities, estate planning principles, and tax implications.
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Excellent client relationship management skills with a focus on confidentiality and trust.
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Strong analytical, problem-solving, and organizational skills.
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Proficiency in trust accounting systems and financial software.
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Effective communication and interpersonal skills.
- Ability to work collaboratively with internal and external stakeholders.
