Trust Officer

Osaic, Inc.; Henderson (NV); Hybrid; USD 75,000 - 80,000; Full time

Job summary

Osaic, Inc. is seeking a Trust Officer in Premier Trust for the Las Vegas area. This full-time, hybrid role involves administering assigned accounts, ensuring regulatory compliance, and collaborating with clients, beneficiaries, and professionals.

The successful candidate will navigate trust-related duties, coordinate tax filings, and support estate planning documents with attorneys, while upholding company policies and industry standards.

Qualifications

• Bachelor’s degree preferred; high school diploma or GED acceptable with significant practical experience in financial services, particularly in trust administration.
• Strong knowledge of state trust compliance regulations, policies, procedures, products and services.
• Proficient word processing and spreadsheet skills with typical office software.

Responsibilities

• Administer accounts per governing instruments and beneficiary needs.
• Communicate with clients, professionals, and beneficiaries about account details.
• Identify new business opportunities and coordinate with marketing for follow-up.
• Prepare and review tax filings for trusts.
• Support drafting of trust documents with attorneys from an administrative view.
• Review discretionary payments and approvals for trusts and beneficiaries.

Skills

Trust administration

BSA/AML compliance

Regulatory knowledge

Interpersonal communication

Analytical skills

Time management

Independent working

Team collaboration

Problem-solving

Education

Bachelor’s Degree Preferred

HS Diploma or GED acceptable

Tools

Microsoft Word

Microsoft Excel

Job description

Trust Officer Opportunity in Trust Services

Premier Trust – Trust Officer

Location(s): Las Vegas, NV

Hybrid Office arrangement.

Role Type: Full-time

Salary: $75,000 - 80,000 per year + annual bonus

Summary

The Trust Officer is responsible for the administration of assigned accounts. Our selected candidate will represent the company in business activities and contacts with customers, outside professionals and beneficiaries relating to these accounts. Also, the Trust Officer assures us of compliance with all policies and procedures governing trust functions and all applicable state regulations.

Responsibilities

• Administer accounts in accordance with the governing instrument's terms and in a manner consistent with the needs of principals, beneficiaries, and remaindermen.
• Contact or correspond with persons, agencies, and organizations that have an interest in any aspect of an account.
• Maintain an awareness of new business opportunities and advise or consult with other officers on details of proposed plans and communicate information to marketing administrator for follow up.
• Analyze the need of funds according to needs of beneficiary.
• Coordinate and review the preparation for filing federal and state tax returns for trusts.
• Establish and maintain client data.
• Consult with trust’s attorney from administrative perspective on drafting legal documents specifying details, conditions, and duration of trust.
• Review and approve discretionary payments for trusts and the beneficiaries request for disbursements.
• Initiate and/or assist in the marshalling and funding of new accounts.
• Interact frequently with subordinates, peers, and functional managers.
• Comply with all company policies and procedures, state laws and regulations.
• Comply with Bank Secrecy Act (“BSA”), OFAC Anti-Money Laundering (“AML”), and USA PATRIOT ACT policies and procedures, by properly verifying the identity of any person/business opening an account, maintain records of the information used to verify before opening an account.
• Ensure that proper risk-rate customer as outlined in the Customer Identification Program.
• Work to perform personnel functions including performance appraisals and disciplinary actions. Supervise the activities of employees including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training.
• Report any customer suspected of suspicious activity immediately to the BSA/Compliance Officer.
• Participate in required annual BSA/AML/OFAC and Compliance training.
• Consistently report to work on time; adhere to scheduled breaks; attend all meetings and training as required of the position.
• Understand business implications of decisions; display orientation to profitability; align work with strategic goals.
• Responsible for timely preparation and approval of annual and initial trust reviews.
• Responsible for preparation and submission of discretionary requests to TAC.
• Stay current regarding regulatory rulings and enroll in CE courses if needed.
• All other duties as assigned.

Education Requirements

• Bachelor’s Degree Preferred, H.S. Diploma or GED certificate + Significant Practical Experience in the financial services industry specifically in Trust Administration will be considered.

Basic Requirements

• Strong knowledge of related state trust compliance regulations, policies and procedures, products and services and other trust operational policies.
• Proficiencies skills in and personal computer operation; word processing, spreadsheet (e.g., Microsoft Word, Excel etc.) programs.
• Typing skills to meet production needs of the position.
• Intermediate math skills: ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals; Ability to compute ratios, percent and to draw and interpret bar graphs.
• Good oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Effective organizational and time management skills.
• Ability to work with minimal or no supervision while performing duties.
• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive while performing assigned duties and responsibilities.
• Demonstrates sensitivity to deadlines and ability to multi-task.
• Capability to work independently and with a team.
• Ability to delegate tasks when necessary.
• Aptitude to deal with routine to difficult problems involving multiple facets and variables in non-standardized situations.

Preferred Requirements

• Licenses Preferred: Certified Trust and Fiduciary Advisor (CTFA)

Osaic Careers