Trust Officer

Burke & Herbert Bank; Alabama; On-site; USD 90,000 - 125,000; Full time

Job summary

Burke & Herbert Bank seeks an experienced fiduciary professional to administer trusts under wills, court orders or guardianships, and to qualify as executor where named. The role also involves acting as administrator for grantor trusts and retirement accounts, with responsibilities including annual court accountings and client liaison.

The position includes coordinating fiduciary income tax returns, preparing trust and estate receipts/disbursements, and resolving routine and complex account

Qualifications

• College degree (or equivalent) required.
• Professional designation (CTFA) preferred.
• 5–7 years in trust-related positions.
• Familiarity with investments and portfolio management.

Responsibilities

• Assist in development of new business through testamentary designations and as trustee in revocable grantor documents.
• Provide liaison between investment unit and client.
• Prepare annual court accountings and respond to inquiries from Commissioners of Accounts.
• Coordinate filing of fiduciary income tax returns; ensure returns are filed, taxes paid and refunds received.
• Prepare trust, agency and estate receipts and disbursements using Trust Accounting System.
• Research and resolve routine account problems independently; escalate complex issues as needed.
• Ensure timely mailing of Trust Committee Review and Quality Review letters.

Skills

Analytical skills

Verbal communication

Organization & delegation

Client liaison

Education

College degree or equivalent experience

CTFA preferred

Job description

JOB DESCRIPTION

CLASSIFICATION: Exempt

REPORTS TO: Chief Fiduciary Officer

DATE: February 25, 2025

Summary/Objective

Administer trust under wills, court order or guardianships. Represent the Bank and qualify as executor for the Bank where named. Act as administrator for grantor trusts and retirement accounts.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Assist in development of new business to include designation of the bank in testamentary documents and as trustee in revocable grantor documents
2. Provide liaison between investment unit and client
3. Prepare annual court accountings and respond to inquiries from the various Commissioners of Accounts
4. Coordinate filing of fiduciary income tax returns. Ensure returns are filed, taxes are paid and refunds are received
5. Prepare trust, agency and estate receipts and disbursements using Trust Accounting System
6. Research and solve routine account problems independently
7. Research and solve more complex account problems with assistance of departmental leadership
8. Ensure timely mailing of Trust Committee Review and Quality Review letters.

Other Duties

1. Complies with all policies and procedures as applied to the Bank's BSA/AML policy.
2. Perform other duties as assigned.

Skills/Abilities

1. Excellent analytical skills.
2. Strong verbal and communication skills.
3. Ability to organize, prioritize and delegate in the service of clients.

Supervisory Responsibility

This position has no supervisory responsibilities.

Work Environment

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical Demands

This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

Education and Experience

1. College degree (or equivalent additional related experience) required.
2. Professional designation and/or advanced degree preferred.
3. 5 - 7 years of progressively responsible experience in a trust related positions.
4. Familiarity with investments and portfolio management.
5. Knowledge of the Virginia Code as it relates to trusts and estates.
6. Working knowledge of word-processing and spreadsheet applications.
7. CTFA preferred.

For Applicants located in Alexandria, Viriginia (VA):

The anticipated salary range for this position is $90,000–$125,000 annually.

The ranges listed for Viriginia represent the good-faith compensation the Company reasonably expects to pay for the position at the time of posting. Actual compensation will be determined based on factors including, but not limited to, the candidate's skills, qualifications, experience, education, certifications, internal equity, and business needs. This position may also be eligible for additional compensation, such as bonuses or incentive pay, where applicable.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.