Trust Officer

gpac; Minneapolis (MN); On-site; USD 85,000 - 125,000; Full time

Job summary

gpac is seeking a Trust Officer to service trusts and investments in a relationship-driven role. You will manage trust accounts for private and corporate clients, coordinating with advisors, attorneys, and internal teams to ensure accurate distributions and compliance with governing documents.

The position emphasizes collaboration, extensive knowledge of trust administration, and potential mentorship across generations of clients. Competitive salary and bonus opportunities accompany this role.

Qualifications

• Bachelor’s degree or equivalent required.
• 5+ years of trust administration experience.
• CTFA, CFP, CFA, CES or equivalent preferred.
• Knowledge of trust investments and brokerage/delivery of trust services.

Responsibilities

• Service trust accounts, including ongoing reviews and discretionary distributions, and build relationships with advisors, clients, and attorneys.
• Assist in researching legal issues and interpreting governing documents for trust administration.
• Coordinate estate settlements with internal teams and external counsel to ensure proper distributions and tax handling.

Skills

Strong teammate

Collaboration with internal partners

Education

Bachelor's degree or equivalent

CTFA, CFP, CFA, CES or equivalent preferred

Job description

This role is for a banking professional to service trusts and investments. This is a relationship-based role, where customers can span literal generations. This role can service private and corporate trust accounts.

Trust Officer Qualifications

• Bachelor's degree or equivalent.
• 5+ years of relevant trust administration experience.
• Strong teammate who enjoys collaboration with internal partners
• CTFA, CFP, CFA, CES, or equivalent preferred
• Trust investment knowledge and/or experience with brokerage and/or delivery of trust services through alternative channels

Trust Officer Responsibilities

• Responsible for trust account servicing, including ongoing account reviews, discretionary distribution reviews, relationship building with advisors, clients, and attorneys, assisting in researching legal issues, knowledge of state and federal statutes governing trust administration, and assisting in interpreting and executing actions as advised by governing documents including Wills, Trusts, Codicils, Amendments, FLP, Contracts, etc.
• Accountable for servicing and retention of existing accounts.
• Supervise and monitor new account establishment and funding
• Work internal trust team, attorneys, and accountants to ensure timely and accurate estate settlement including review documents to assist in figuring out dispositive provisions, review/approve payment of final expenses, a coordinate gathering of material/documents for the final income tax return and estate tax return, assist in settling other asset flow into trust/estate, ensure proper distributions made to beneficiaries, ongoing communication with beneficiaries and advisors, etc.

This bank prides itself on retaining employees and has one of the best tenure backgrounds in the area - a competitive salary and bonus incentive program.

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.