Overview
Trust Officer Jobs in Sioux Falls, South Dakota, USA at First Covenant Trust and Advisors, LLC
The Trust Officer will be responsible for the daily administration of trusts, estates, agencies, and other accounts. This individual will develop and grow long-term trusted relationships with clients and external partners. To be successful in this role, you must be a team player and possess a passion for serving others.
Position Responsibilities and
Duties
– Trust Officer:
Responsible for the professional administration, management, and servicing of assigned trust accounts in accordance with the terms specified in the governing documents and state law.
Proactively manage onboarding and closing of accounts, asset identification, asset gathering, analysis and payment of expenses, discretionary distributions, and completion of required reviews and reports for regulatory or internal purposes.
Review and interpret language in trusts and other estate planning documents in order to formulate a plan for execution of the overall estate planning strategy while limiting fiduciary, regulatory, and legal risk.
Discuss and explain complex estate planning concepts, trust terms, and legal requirements with beneficiaries and financial advisors in a way that is easy to understand.
Conduct strategic planning meetings with legal, tax, and asset management professionals and consider their advice when making decisions necessary to administer trusts and estates.
Understand and balance the needs of grantors and all current and future beneficiaries within a fiduciary framework.
Properly document all account details and updates, as well as written and verbal communications with clients and their team of advisors. Establish, update, and maintain files, inventories, and records, as required.
Strive to deliver the highest service and client contact standards, including regular client communication and prompt responsiveness to client and advisor inquiries.
Maintain relationships with existing clients to identify additional opportunities.
Qualifications:
Bachelor’s degree in Economics, Finance, Accounting, or Business Administration or Juris Doctorate
5+ years of experience in an accounting and/or trust environment
Progress toward professional certification, such as CTFA, CPA, or CFP, strongly preferred
Broad knowledge of such fields as accounting, business administration, finance, etc.
Knowledge of trust administration principles, estate planning principles, taxes, and investment principles required
Demonstrated ability to balance compliance, legal, and business decisions
Ability to work in a cross-functional team-based environment and delegate work appropriately
Ability to use trust accounting system, Microsoft products, and other automation tools
Ability to effectively train, delegate, and follow up with others who provide service to the client
Must be highly skilled in written and verbal communication (especially in complex matters) and demonstrate a high level of interpersonal skills
Ability to develop, create, and grow relationships and be active in the community
Strong collaboration and leadership skills
Remain high level of confidentiality at all times
High level of problem-solving and organizational skills
Limited travel or after-hours support may be required
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Title: Trust Officer
Company: First Covenant Trust and Advisors, LLC
Location: Sioux Falls, South Dakota, USA
Category: Finance & Banking, Law/Legal
