Job Summary:

The Bank Trust Officer will provide clients with expert advice on trust and estate matters, creating and overseeing trusts under the terms of the governing trust documents.

Supervisory Responsibilities:

• May hire and oversee appraisers, as necessary, to determine the value of various assets, to determine whether sale of assets is recommended, and to identify appropriate methods of sale.

Duties/Responsibilities:

• Assists clients with formation of new trust accounts, providing advice concerning types of trusts and arrangements that are best suited for the situation.
• Collaborates with clients attorney to draft legal documents specifying trust and estate provisions, duration, and other matters.
• Collaborates with the banks investment analysts to choose appropriate investments based on long-term financial goals and the best interests of the beneficiaries; ensures that fiduciary judgment is followed in investment of the trust.
• Facilitates the process of transferring funds and assets to corpus of trust.
• Collects income or proceeds from sales of assets and deposits funds in trust accounts.
• Facilitates payment of debts, liquidation of liabilities, and disbursement of funds as needed by the beneficiaries and conditions of the trust.
• Prepares and reports financial accountings for grantor, beneficiaries, executors, and/or courts as required by specific provisions of a trust agreement.
• Prepares, files, and pays, or oversees preparation and payment of applicable state and federal taxes for the trust.
• Promotes the banks trust services to clients, community members, and business associates.
• Acts as personal financial advisor when specified by the guidelines of the trust agreement.

• Performs other related duties as assigned.

Required Skills/Abilities:

• Excellent verbal and written communication skills.
• Thorough understanding of tax law, investments, financial planning, and financial ethics.
• Ability to identify appropriate options for clients in terms of investment and liquidation.
• Ability to maintain confidentiality.
• Excellent mathematical ability.
• Ability to maintain tact, composure, and professionalism when situations become stressful.

Education and Experience:

• Bachelors degree in Banking, Finance, Accounting, or related field required; Masters degree strongly preferred.
• At least three years of experience with a bank, investment bank, law firm, or stock brokerage.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.
• Must be able to travel to meet with clients at times.