Personal Trust Administrator II

Responsibilities include: Manage all of the administrative and fiduciary functions of the Bank in each of the accounts assigned. The nature of these account responsibilities will vary according to the type and complexity of the account. The position is responsible for securing the following services on behalf of the account: securities portfolio management, real estate portfolio management, general accounting services, tax accounting and returns, paying receiving and safekeeping, general banking services, special financial reports as required by law. The coordination and provision of outside professional services may also be the position's responsibility. These include, but are not limited to legal counsel, tax/financial planning and CPA services, real property appraisal, personal crisis/medical consultation, retirement plan record keeping, special asset appraisal, management and disposition (including closely held businesses, natural resources producing property, agricultural land, collectible personal property, limited partnerships and tax shelters). Provide quality service to each account in the positions book of accounts through a thorough knowledge of the personality of each account. This includes maintaining on-going relationships with clients, beneficiaries, trustors and related professionals connected with those accounts. Administering all accounts according to applicable laws, regulations and policies and in accordance with trust documents to carry out the intent of the trust. Review regularly, all of the financial transactions in each account, and to review, monitor and ratify all cash payments and fee charges. Review all statements, reports, and accountings for each account in timely manner and forward them to interested parties, as appropriate. Maintains communications with trust beneficiaries, providing such personal services as are needed and appropriate. Participates in the development of new business from outside sources and broadening the range of Bank services offered to each account and to foster new business through existing client relationships independently and in conjunction with other Bank officers. Reviews, ratifies and monitors the execution of the investment, real estate management and other service decisions made by portfolio, real estate and other Bank officers of outside consultants, as appropriate to each account.

 

Requirements include: 3 to 5 years trust administration experience. Thorough understanding of SEI Trust Accounting System and general trust department administration policies. Proficiency in Word, Excel and PowerPoint software applications. Demonstrated trust administration experience and the demonstrated ability to apply this specific knowledge in the administration of one or more types of trusts and estates. Typically has a demonstrated knowledge of the principles of trusts and estates, related taxation and financial planning practices and other specialized services applicable to the successful administration of a variety of accounts. Required to maintain current knowledge of trust laws, principles and regulations in general, and with regard to the specific nature of the accounts in the position's book of accounts. Demonstrates the ability to perceive and present the needs of each account and to take responsibility for meeting those needs. Should have the demonstrated ability to communicate successfully, both orally and in writing, with clients and coworkers throughout the organization. Familiarity with applicable accounting functions.

 

Preferred Skills include: CTFA or completion of regional trust school.