Trust Officer

Union Bank & Trust Company; Lincoln (NE); Hybrid; USD 70,000 - 110,000; Full time

Benefits offered by this job

Hybrid work option

Job summary

Union Bank & Trust Company in Lincoln, NE is seeking a Trust Officer to provide full administration of trusts, estates, agencies and conservatorships. You will serve as the primary contact for client accounts, coordinating with attorneys and professionals to finalize estate plans and ensure regulatory compliance.

The role requires 3–5 years of trust/banking experience, strong knowledge of estate planning and fiduciary tax, and proficiency with Word/Excel.

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 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.
• 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.
• 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 with marketing trust services to prospects and professionals.
• Ensure direct reports are trained and comply with bank policy, laws and regulations applicable to their roles.
• Understand and adhere to all bank policies, laws and regulations applicable to their role.
• 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.

Skills

Strong decision-making skills

Independent with good judgment

Effective communicator

Self-directed and takes initiative

Highly analytical

Customer oriented

Education

Bachelor's degree in Business Administration, Accounting, Finance or comparable Personal Trust experience preferred

Tools

Microsoft Word

Microsoft 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.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.