TRUST OFFICER

TRUST OFFICER

SUMMARY

Oversee a small book of trust and investment management accounts.  Responsible for the development and retention of personal trust and investment management business.  With the objectives of developing new accounts and quality service to customers.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Assist in establishing the overall direction of the Trust Department by implementing the Bank's objectives and defining the means for their attainment.

 

Contact potential customers to sell trust and investment management services; prepare and present proposals; conduct seminars and speak to target audiences about trust products and service.

 

Achieve sales goals by generating referrals from bank employees, estate planning attorneys, CPAs, networking, cold calling, and group presentations.

 

Administer various trust accounts as provided under the governing instrument in accordance with Bank policy, established practice approved procedures and legal constraints; maintain proper paperwork in client files; assist clients with a variety of requests.

 

Prepare initial trust abstract and annually review trust accounts; contact trust customers to review investment performance; gather relevant data and counsel and advise clients regarding estate planning; assist clients with transferring assets to trust accounts.

 

Review trust documents to ensure they are accurate and complete with all applicable legal requirements; prepare and submit bids to manage funds.

 

Conduct annual inspections of all commercial properties and tri-annual inspections of residential properties; prepares written reports detailing the inspections.

 

Gather data for accountants regarding trust clients’ tax returns; review completed tax forms.

 

Comply with all banking regulations, policies, and procedures.

 

Represent the Bank in industry and professional associations, community organizations, local business groups, etc. and promote the Bank's favorable image.

 

NON-ESSENTIAL DUTIES & RESPONSIBILITIES include the following.  Other duties may be assigned.

Maintain educational and professional expertise through attendance at job related seminars, conferences, and workshops and involvement in professional, civic, and community groups in leadership positions.

 

SUPERVISORY RESPONSIBILITIES

None.

 

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

EDUCATION and/or EXPERIENCE

Possess a four-year college degree from an accredited university or institution with a major area of study in business administration, finance, or comparable discipline.

 

Possess a minimum of three years of professional work experience in trust administration, investment services, investment sales or the practice of law.  Preference may be given to individuals who have work experience in trust law. 

 

LANGUAGE SKILLS

Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.  Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.  Ability to write speeches and articles for publication that conform to prescribed style and format.  Ability to effective present information to top management, public groups, and/or board of directors.

 

MATHEMATICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.  Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.

 

REASONING ABILITY

Ability to define problems, collect data, establish facts, and draw valid conclusions.  Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

 

OTHER SKILLS AND ABILITIES

Must have the ability to operate PC and printer, copy and fax machines and telephone.  Must have good working knowledge of word processing and spreadsheet software programs.  Advanced PC knowledge.

 

KEY CONTACTS--Internal and External

Has frequent to moderate contact with business leaders, accounting and legal professionals to promote Trust Department and bank products and services.

 

Has occasional contact with brokerage firms.  Has occasional contact with industry, trade and community groups regarding current business activities, opportunities and problems.

 

CERTIFICATES, LICENSES, REGISTRATIONS

Valid driver’s license.

 

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

While performing the duties of this job, the employee is regularly required to sit and talk or hear.  The employee frequently is required to use hands to finger, handle, or feel and reach with hands and arms.  The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl.  The employee must occasionally lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision, and ability to adjust focus.

 

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

The noise level in the work environment is usually moderate.

 

COMMENTS

Position may require occasional overnight travel to attend various training sessions.  Position requires the ability to work before or after normal business hours to attend various meetings and meet with clients.