What are the responsibilities and job description for the SENIOR TRUST OFFICER *Voted Best Places to Work 2024 position at STAR Financial Bank?
If you are searching for an employer that provides you with unlimited career growth and development opportunities, look no further! Voted as one of the best places to work in the state of Indiana for 2024, STAR Financial Bank strives to be the employer of choice and truly defines OneTeam.
STAR Financial Bank is an Indiana-based community bank known for its culture of delivering quality service, personalized banking solutions, and innovative use of technology for more than 80 years. We are proud to be a community bank in every aspect of the word. Beyond monetary giving and employee volunteerism, STAR is dedicated to partnering with the people and organizations that improve our communities. At every one of our locations, employees demonstrate their commitment to STAR and our customers by honoring our core values of Honesty & Integrity, Accountability, Respect for All, Do What’s Right, Commitment to Lifelong Learning, Community Leadership, Being Progressive, Celebrating Success and Remaining Independent.
STAR Financial Bank proudly celebrates diversity and remains conscious of the realization that diversity is not solely represented by physical characteristics. STAR is an equal opportunity employer (EEO) with a commitment to inclusivity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, pregnancy, age, disability, genetic information, marital status, or status as a covered veteran in accordance with applicable federal, state, and local laws. STAR complies with applicable STAR and local laws governing non-discrimination in employment in every location in which we have facilities.
The Senior Trust Officer position is included in a workplace model that allows for a combination of in-office and remote work.
As a Trust Officer essential responsibilities include:
- Ensure compliance with all relevant federal and state regulations.
- Assure currency and completeness of mechanics and compliance surrounding trust administration.
- Monitor fiduciary activity and establish appropriate risk management procedures.
- May prepare compliance related reports and manage reporting for fiduciary and brokerage functions.
- Assist clients in matters related to trust and probate functions.
- Administers trusts, guardianships, estates, and agency agreements.
- Prepares court accountings, files tax returns and pays taxes, plans/directs personal and real property sales.
- Client service contact in a variety of roles including customer meetings, interface with legal counsel and accountants, paying bills, power of attorney, etc.
- Administer trust income and ensure that principal is collected, distributed, and/or reinvested according to terms of the ruling document and company policy.
- Works with co-fiduciaries in handling of accounts, where appropriate.
- Works with investment officers to develop and implement investment policies, statements, and portfolios.May prepare and present management reporting information for Trust Administration Committee.
- Manage personal trust and probate relationships including trusts, guardianships, estates, and agency agreements.
Skills Needed
- Presentation skills critical to call on, and communicate with, prospective clients.
- Working knowledge of Microsoft Office Suite.
- Demonstrated interpersonal skills.
In addition to traditional compensation and benefits packages, our leaders continue to collaborate to launch innovative employee benefits and perks including, Affordable Medical/ Vision/ Dental Coverage • Flexible Dependent Care Account • Health Savings Account (with employer contributions) • Prescription Drug Plan • Employee Wellness Initiatives (physical/mental/financial) • Health Management Reimbursement Program • Short Term/Long Term Disability • Life Insurance • Tuition Reimbursement • Competitive Pay and Bonus Program • 401k (with employer match) • Generous Paid Time off including 10 1/2 holidays.
** Eligibility of benefits are determined by employment status classification and may be discussed during the interview process.
