Trust Officer- Sioux Falls

CorTrust Bank; Sioux Falls (SD); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

401k match

ESOP

Insurance options

Paid time off

Service awards

Community service opportunities

Employee Assistance Program

Job summary

CorTrust Bank in Sioux Falls seeks a full-time Trust Officer to support the Wealth Management team through trust account administration and client relationship management.

Responsibilities include reviewing governing instruments, ensuring compliance with laws, and coordinating with staff to deliver exceptional service and timely account processing.

The ideal candidate combines fiduciary knowledge with integrity and the ability to manage multiple priorities in a community bank setting.

Qualifications

• Experience in administering trusts and fiduciary accounts.
• Ability to interpret governing instruments and duties of trustees.
• Knowledge of applicable trust laws and regulations.

Responsibilities

• Administer trust accounts, including setup and maintenance.
• Prepare and review trust documents, reports, and correspondence for accuracy and compliance.
• Provide back-up support for Wealth Management functions and client servicing.
• Assist with marketing activities, seminars, and client presentations.
• Ensure timely processing of deposits, distributions, and transfers per governing documents.

Skills

Trust administration

Client relationship management

Regulatory compliance

Attention to detail

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Trust Officer- Sioux Falls

Professional SF Minnesota, Sioux Falls, SD, US

The mission of this bank is to profitably deliver high-quality customer service that meets the financial needs of our community, its businesses, and its citizens. No line of financial services is beyond our charter.

CorTrust Bank is seeking a full-time Trust Officer in our Sioux Falls community!

It's more than just a job! When you join one of the region's leading community banks, you can expect a family atmosphere committed to building outstanding teams. We believe in the overall well-being of our employees and work hard to provide the best opportunities for growth. We're proud to offer a competitive compensation package that includes perks like a 401k with employer match, Employee Stock Ownership Plan, insurance coverage options, paid time off, service awards, community service opportunities, an Employee Assistance Program, and a stable work environment.

Summary: The Trust Officer supports business objectives for the Wealth Management department through administration of trust accounts and providing support to trust officers and staff in managing client relationships and accounts in accordance with the terms of the governing instrument and state and federal laws.

Key areas of responsibility:

Administrative:

• Administer trust accounts, including account setup and maintenance.
• Prepare and review trust documentation, reports, account review, and correspondence for accuracy and compliance.
• Provide back-up and cross-team support for all functions within the Wealth Management division.
• Assist Trust and Wealth Management departments in implementation of departmental marketing strategies, including assisting with seminars and presentations to bank employees, individuals, corporations, and other prospective clients.
• Respond positively and efficiently to other duties, responsibilities, and activities as assigned.
• Collaborate with internal and external contacts to ensure all trust account activity (deposits, distributions, wire transfers, DDA transfers, and receipts) is processed accurately and timely in accordance with the terms of the governing document, applicable policies, and Trust laws and regulations.
• Review and interpret governing instruments and documents to determine terms, responsibilities, and duties of the corporate trustee under the supervision of senior Trust staff.
• Maintain knowledge of new products and services as well as changes to laws and regulations governing the administration of trust, estate, and other fiduciary accounts.
• Provide exceptional customer service while responding to calls, emails, and in-person inquiries for prospective and existing principals, beneficiaries, and other related parties.
• Assist the Trust department and clients with problem resolution and account maintenance regarding account performance, tax and estate planning, and personal financial goals.

The ideal candidate for the Trust Officer possesses a combination of education and experience to be able to perform the primary duties of this position with little supervision, managing multiple projects simultaneously. They adapt easily to system, process, product, and service changes, and are able to reason, solve problems and think critically. They must demonstrate a high level of integrity, personal diplomacy, and respect. Must be able and willing to abide by all Company policies, procedures, and Trust laws and regulations. Knowledge of laws and regulations governing the administration of trust, estate, and other fiduciary accounts is a plus but isn’t required. Some background (education or experience) in the finance industry is preferred.

CorTrust is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.