Trust Officer

Superior National Bank; Hancock Township (MI); On-site; USD 70,000 - 110,000; Full time

Job summary

Superior National Bank in Michigan is seeking a Trust & Wealth Management professional to assist clients with trust administration, enhance relationships, and proactively pursue new business opportunities.

You will manage account reviews, analyze documents, ensure proper cash categorization, tax reporting, and fee compliance while collaborating with the Trust Investment Officer to set asset allocation for complex estates.

Qualifications

• Bachelor’s degree in business, finance, or related field (or equivalent experience).
• CTFA and/or CFP® credentials preferred but not required.
• 3+ years of experience in Trust & Wealth Management or banking environment preferred.

Responsibilities

• Responsible for all aspects of trust administration, including quality checking of new account setup and annual reviews.
• Review and analyze new account documents and ensure proper cash categorization, cost basis, and tax reporting.
• Monitor fee schedules to ensure charges comply with governing documents and withstand audits.
• Interact with clients to define goals; work with the Trust Investment Officer on allocations and complex asset reviews.
• Meet clients via telephone, virtual, or in-person; proactively seek new Trust & Wealth Management opportunities.
• Promote additional business, generate referrals, and deepen relationships with clients and centers of influence.
• Collaborate with bank areas to identify cross-selling opportunities.
• Other duties as assigned.

Skills

3+ years of Trust & Wealth Management

Organizational skills

Project management

Self-motivated

Education

Bachelor’s degree in business/finance related field or equivalent experience

CTFA and/or CFP® preferred but not required

Job description

Department: Trust & Wealth Management
Reports to: SVP/Chief Trust & Investment Officer
Supervises: None
Summary: Assists Trust & Wealth Management clients with trust and estate administration. Promotes positive, long-lasting client relationships. Proactively seeks new Trust & Wealth Management business opportunities.
Major Duties & Responsibilities

• Responsible for all aspects of trust administration, including quality checking of new account setup, annual reviews, and ongoing relationship management.
  • Review and analyze new account documents.
  • Regular review of all accounts to ensure proper categorization of cash (principal and income), cost basis, tax reporting, and all other aspects of each account.
  • Resolve tax and other account issues.
  • Anticipate client needs and advise accordingly.
  • Monitor fee schedules to ensure that fees charged are in compliance with governing documents.
• Interacts with clients in defining goals and objectives, working with the Trust Investment Officer to establish the appropriate asset allocation and to review and approve portfolio changes in trust involving more complex situations and/or assets.
• Meet with clients via telephone, virtually or in-person, as required.
• Proactively seek new Trust & Wealth Management business opportunities.
• Promote additional business, generate client referrals, and deepen relationships with clients, prospects, and centers of influence.
• Work with various areas of the Bank to identify cross-selling opportunities.
• Other duties as assigned.
  

Education & Experience

• Bachelor’s degree in business, finance, or related field or equivalent experience required.
• CTFA and/or CFP® preferred but not required.
• Three or more years of experience in a Trust & Wealth Management or banking environment preferred.
• Motivated self-starter with strong organizational and project management skills and the ability to work independently and set priorities.
  

Last Updated: 05.23.2024