Trust Officer

Description

Summary

Under the direction of the VP/Director of Wealth Management, the Trust Officer plays a pivotal role in administering trust accounts while ensuring compliance with trust instruments and state regulations. The Trust Officer position requires a blend of fiduciary expertise and superior customer service, fostering lasting client relationships, exceeding expectations, and delivering tailored wealth management solutions. The Trust Officer serves as a dependable individual, offering proactive guidance and collaborating with clients’ advisors for comprehensive financial planning.

Essential Duties

1. Professionally administer, manage, and service trust accounts in accordance with governing documents and state laws. Maintain meticulous records and documentation, ensuring internal compliance and regulatory requirements are met.

2. Interpret and apply trust document provisions effectively, ensuring alignment with clients’ intentions.

3. Proactively engage with beneficiaries, providing guidance on trust terms and facilitating disbursements.

4. Prioritize regular client communication and responsiveness, fostering trust and satisfaction.

5. Develop and in-depth understanding of clients’ financial and family dynamics, crafting tailored investments and financial plans or recommendations.

6. Prepare documentation and recommendations for discretionary decisions to Wealth Management Committee ensuring compliance with fiduciary policies.

7. Collaborate with clients’ advisors, attorney, and accountants to address comprehensive financial planning needs.

8. Administer portfolio of agency relationships and IRA accounts, adhering to fiduciary standards and client service excellence.

9. Establish client investment objectives, including risk tolerance and asset allocation and review investment policy statements periodically.

10. Actively participate in business development initiatives, leveraging existing client relationships and referral networks.

11. Stay abreast of fiduciary law developments and pursue continuous professional development opportunities.

Requirements

· Bachelor’s degree from an accredited college or university; three to five or more years of related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of an in-depth background in financial services industry.

· Certified Trust and Financial Advisor (CTFA) designation preferred.

· Proven ability to cultivate new business relationships from diverse sources.

· Exceptional customer services and sales skills with the ability to act with integrity, professionalism, and confidentiality.

· Proficient in analyzing documents and financial data to make informed and sound decisions.

· Intermediate computer skills; mainframe computer system; and internet, word processing and spreadsheet software programs.

· Exceptional oral, written, and interpersonal communication skills.

· Ability to adapt swiftly to evolving client needs and changing regulatory landscapes.

· Excellent organizational and time management skills.

· Ability to work with no supervision while performing duties.

· Current driver’s license and a vehicle with appropriate insurance coverage for occasional travel

PremierBank is an affirmative action and equal opportunity employer and adheres to EEO Guidelines to offer employment without regard to race, color, religion, marital status, sex, sexual orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis. All qualified applicants will receive equal consideration for employment.