Trust Officer

Union Bank & Trust; Lincoln (NE); Hybrid; USD 70,000 - 100,000; Full time

Benefits offered by this job

Hybrid work from home

Job summary

Union Bank & Trust seeks a Trust Officer to manage assigned trust and estate accounts, acting as the primary client contact and ensuring compliance with governing standards. The role covers administration of trusts, estates, agencies, and conservatorships, with collaboration across departments to support client needs.

Responsibilities include client consultations, asset coordination, and assisting with tax reporting and estate planning details.

Qualifications

• Bachelor’s degree in Business Administration, Accounting, Finance or comparable Personal Trust experience preferred.
• Law degree, CPA designation or advanced attendance at professional trust school desired.
• Minimum 3–5 years trust administrative and/or banking experience preferred.
• Well-developed knowledge in Estate Planning, Personal Trust Administration, Tax (fiduciary, estate and individual), Wealth Management and Business Development is preferred.
• Proficient in Microsoft Word, Excel and in working with other financial software.
• Valid Nebraska Driver’s License.

Responsibilities

• Provide complete administration of assigned customer accounts, including trusts, estates, agencies and conservatorships.
• Act as a primary contact person for assigned customer accounts and manage them according to governing standards and with regard for the principals, beneficiaries and remaindermen.
• Consult with clients and representing attorneys concerning the provisional and final details of client-specific provisions within Estate Plans.
• Administer simpler and less complex trusts, estates, IRAs, and agency accounts; potential advancement to AVP & Trust Officer.
• Create account folders, administer accounts as opened/closed, and establish reference files.
• Interact with businesses and agencies for Medicare/insurance claims and related bills or subscriptions.
• Monitor daily operations of trust accounts with the investment officer; address tax and investment questions; handle excess funds and overdrafts.
• Prepare income projections, death valuation, and materials for client and committee meetings.
• Assist with tax reporting process including fiduciary, estate and gift tax returns.
• Assist Trust Services Advisors with marketing trust services and reviewing estate plans; support new business development goals.
• Ensure staff compliance with bank policies, laws and regulations; monitor internal controls and address performance issues.
• Complete compliance training; follow internal processes and controls; report issues as required.
• Perform other duties or projects as assigned; maintain regular attendance.

Skills

Strong decision-making

Independent with good judgment

Effective communicator

Self-directed initiative

Analytical problem-solving

Customer focus

Education

Bachelor’s degree in Business/Finance/Accounting or comparable trust experience

Law degree / CPA designation or trust school desired

Tools

Microsoft Word

Excel

Financial software

Job description

Position Summary: The Personal Trust and Wealth Management Trust Officer provides complete administration of assigned customer accounts, including trusts, estates, agencies and conservatorships. This experienced professional acts as the primary contact for their accounts and manages them according to government standards.

Essential Functions

• Provide complete administration of assigned customer accounts, including trusts, estates, agencies and conservatorships.
• Act as a primary contact person for assigned customer accounts and manage them according to governing standards and with regard for the specific needs of the principals, beneficiaries and remaindermen.
• Consult with clients and representing attorneys concerning the preliminary draft, and final details of client-specific provisions within their Estate Plans.
• Administer simpler and less complex trusts, estates, individual retirement accounts, and agency accounts. As Trust Officer skillset & aptitude increases, they can become eligible to be moved to AVP & Trust Officer.
• Create account folders, administer accounts as they are opened and closed, and establish account reference files.
• Interact with various businesses and agencies when filing necessary Medicare/insurance claims, nursing home insurance claims, bills or subscriptions.
• Monitor daily operations of trust accounts with the investment officer. Ensure proper asset allocation, respond to customers’ tax and investment questions, and handle excess monies and overdrafts through timely buys and sells as necessary.
• Prepare or assemble necessary income projections, death valuation, and other material required for client and committee meetings.
• Assist with the department’s tax reporting process, which includes informational tax reporting and fiduciary, individual, estate and gift tax return preparation and compliance.
• Assist Trust Services Advisors (Business Development Officers) with marketing trust services to prospects and professionals. This includes complete review of estate plans. Trust Officers and AVP & Trust Officers shall also have individual goals regarding new business development.
• Ensure direct reports are trained and comply with bank policy, laws and regulations applicable to their roles. Monitor their adherence to internal controls and take action to address employee performance issues.
• Understand and adhere to all bank policies, laws and regulations applicable to their role. Complete compliance training. Follow internal processes and controls as required.
• Report all compliance issues, violations of law or regulations in accordance with the steps defined in Bank policies.
• Perform other job-related duties or special projects as assigned.
• Regular and reliable attendance is an essential function of this position.

Qualifications

• Bachelor’s degree in Business Administration, Accounting, Finance or comparable Personal Trust experience preferred.
• Law degree, CPA designation or advanced attendance at professional trust school desired.
• Minimum 3-5 years trust administrative and/or banking experience preferred.
• Well-developed knowledge in Estate Planning, Personal Trust Administration, Tax (fiduciary, estate and individual), Wealth Management and Business Development is preferred.
• Proficient in Microsoft Word, Excel and in working with other financial software.
• Valid Nebraska Driver’s License.

Preferred Talents

• Strong decision-making skills
• Independent with good judgment
• Effective communicator- written and verbal
• Self-directed and takes initiative
• Highly analytical and problem solver
• Customer focused and positive

Working Environment

Indoor work not exposed to outdoor elements or hazards.
Some sedentary work and occasional lifting and/or carrying up to ten pounds.
This role is eligible for hybrid work from home opportunity under the work from home guidelines upon completion of onboarding.