Trust Officer

Burke & Herbert Bank; Bluefield (FL); On-site; USD 95,000 - 125,000; Full time

Job summary

Burke & Herbert Bank seeks an experienced fiduciary professional to administer trusts, act as executor where named, and manage grantor trusts. The role liaises with the investment unit and clients while preparing court accountings and fiduciary tax returns.

The position requires 5–7 years in trust-related roles, familiarity with investments, and a college degree; CTFA preferred. Travel may be required, and the work is exempt and full-time.

Qualifications

• College degree required.
• Professional designation and/or advanced degree preferred.
• 5-7 years of progressively responsible experience in trust positions.
• Familiarity with investments and portfolio management.
• Knowledge of Virginia Code as it relates to trusts and estates.
• Working knowledge of word-processing and spreadsheet applications.
• CTFA preferred.

Responsibilities

• Assist in development of new business to include designation of the bank in testamentary documents 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 solve routine account problems independently.
• Research and solve more complex account problems with assistance of departmental leadership.
• Ensure timely mailing of Trust Committee Review and Quality Review letters.

Skills

Analytical

Communication

Organization

Education

College degree

Advanced degree desired

CTFA preferred

Tools

Word processing

Spreadsheet software

Job description

CLASSIFICATION: Exempt

REPORTS TO: Chief Fiduciary Officer

DATE: February 25, 2025

JOB DESCRIPTION

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 from all other locations: The salary will be based on experience, qualifications, and geographic location.

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.