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Years of Experience
Date Last Verified
Trust Officer I Responsibilities: Administers continuing trusts by reviewing trust documents establishing scope of trustee responsibilities; monitoring cash balances; preparing investment recommendations for committee approval; responding to client beneficiary inquiries; preparing recommendations on discretionary matters and submits to the Trust Committee for approval as required. Organizes and administers estates and assumes accountability for all aspects of the accounts and client relations including but not limited to reviewing wills and meeting with families and attorneys to establish scope of the fiduciary responsibilities. Assemble, inventory, and take custody of assets; reviews decedents financial records including prior year tax returns. Collects all income, receivables, and other money due; examines claims against estate and makes reasonable and proper payments. Estimates cash needs for legacies, taxes, and other costs of settling estate; selects securities to be sold to raise cash. Oversees the preparation of state and federal tax returns for decedent and estate. Communicates with other departments in the company to obtain information or assistance on behalf of clients. Submits final accountings to the court and arranges distribution of assets. Manages investments for trusts and estates as well as discretionary and non-discretionary IMAâ€™s through account reviews; making recommendations for necessary investment changes to Investment Committee and review account performance periodically with clients. Participates in business development activities to increase new AUM revenue and referrals. Makes initial contacts directly or by referral; discusses trust and investment services with individuals or groups and seeks speaking engagement opportunities to promote trust, investment management, estate planning, and/or financial planning services. Cross-sells bank services and refers prospects to other departments/officers when appropriate. Serves as a member of Trust Administration Committee, participating in weekly meetings. Performs tasks which are supportive in nature to the essential functions of the job, both which may be altered and re-designed depending upon the department needs or individual circumstances.
Qualification and Experience
Qualifications: A BS or BA in a related field required. Graduate degree in law or business preferred. 5+ yearsâ€™ experience. Proficient reading, writing, grammar, and mathematics skills; exceptional interpersonal relations and communicative skills; expert knowledge of current trust and estate laws and regulations.
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