What are the responsibilities and job description for the Trust Officer position at Southeast Trust Company?
TRUST OFFICER
We have an opening for a polished and professional full-time Trust Officer to become part of our Trust Department team. This position provides fiduciary support and expertise to meet the overall needs of clients. Works closely to define a client's requirements including legal and tax aspects, maintains client contact on an ongoing basis and is active in both the charitable and professional communities. This position is responsible for proactive account management including account set up, investment performance review and ongoing customer support.
Knowledge/Skills/Abilities:
- Trust account administration: maintain regular client contact to be familiar with and anticipate clients’ needs. Be able to discuss basic estate planning needs and solutions.
- Financial Planning Skills: Basic understanding of a wide range of subject matters including income taxation, cash flow modeling, investments, and insurance
- Estate Planning Skills: Basic understanding of the transfer tax system and core tax savings strategies such as annual gifts, and planning with trusts
- Converse with attorneys and tax advisors regarding client’s accounts and personal tax or legal issues as required; knowledge of trust laws regarding administration and tax requirements is essential.
- Make business development calls on potential referral sources such as attorneys and CPAs.
- Participate in community activities before, during, and after normal business hours for networking opportunities.
- Collaborate with branch employees by making joint calls and interacting with their customers who are visiting the branch.
- Track business development efforts and production results.
- Assist with review of and revisions of trust policies and procedures.
- Assist with regulatory compliance of Trust department.
- Assist with training and development of junior staff
- Conduct all work in accordance with company policies and procedures and regulatory standards to ensure safety and soundness.
- Responsible for reporting suspicious activity as related to the company’s BSA/AML Program. As applicable, responsible for timely and accurate completion of all BSA related forms and documentation.
- Detail oriented and accurate when completing tasks
- Must always display honesty and professionalism
- Excellent verbal and written communication skills
- Strong computer skills and proficient with Microsoft Office
Education and Experience Requirements:
- Five (5) years administering personal trust accounts or related legal and/or banking experience
- Undergraduate Degree in a related field or seven (7) years equivalent in combined experience and education
- Professional designation preferred
- Graduate of a recognized Trust Graduate School preferred
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Parental leave
- Retirement plan
- Tuition reimbursement
- Vision insurance
Schedule:
- Monday to Friday
Supplemental Pay:
- Bonus opportunities
Work Location: In person