VP, Trust Officer

Wintrust Financial Corporation; St. John (IN); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Award-winning culture

Competitive pay + bonus eligible

Comprehensive benefits package

Family-friendly work hours

Growth opportunities

Job summary

Wintrust Wealth Management is seeking a trusted professional to oversee the complete administration of personal trust accounts, including estates, guardianships, life insurance trusts, and IRAs. You will review governing documents, monitor activity, ensure compliance, and act as the primary bank representative with clients, attorneys, beneficiaries and other professionals.

In this role you will develop new business by coordinating with internal partners, supporting real estate transactions, and

Responsibilities

• Represent Wintrust Private Trust Company as trustee with irrevocable and revocable trusts from reviewing documents, accepting a fiduciary role, collecting cost and tax information through investment process and final distribution.
• Partner with real estate team to protect, insure, and oversee management, sale or purchase of real estate.
• Preparation/Review of annual tax returns. Coordinated investment reviews and meetings with clients.
• Prepare necessary discretionary requests for presentation and appropriate review/approval.
• Open and coordinate investment management accounts for personal and individual retirement accounts.
• Collect assets with cost basis and acquisition dates and review with client special investment requirements and investment objectives.
• Coordinate meetings with portfolio managers, Wintrust Private Client and other internal partners.
• Contact clients with required minimum distributions from IRAs and order distributions from IRAs.
• Open accounts, collect assets, and tax information for custody accounts.
• Review advantages of managed accounts and attempt to upgrade fee level.
• Open accounts, collect assets, and oversee financial matters on behalf of the principal for Revocable and Irrevocable Trusts.
• Manage all substantive issues arising within the estate or trust, including formation of budgets, preparation of annual accountings, purchase of suitable real estate, completion of tax documents, collection of assets, resolution of liabilities, review of legal documents and appearance before court.
• Serves as primary contact for the relationship and establishes strong relationships with the beneficiary, family, guardian of the person, or other individual, responding to their needs and explaining issues that may arise in the relationship.

Job description

Wintrust Wealth Management serves the financial needs of private clients, including high net worth individuals, business owners, and institutions. Since our founding in 1931, we have been helping clients meet their increasingly complex financial goals with the highest standards of service and integrity. Through our four companies, Wintrust Investments LLC, Wintrust Private Trust., Great Lakes Advisors LLC, and The Chicago Deferred Exchange Company LLC, we offer comprehensive wealth management solutions, including investment, trust, and asset management services. Wintrust Wealth Management is a division of Wintrust, a financial services company with more than $66 billion in assets.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years)
• Competitive pay and discretionary or incentive bonus eligible
• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
• Family-friendly work hours
• With 200+ community bank locations, we offer opportunities to grow and develop in your career
• Promote from within culture

Position Overview:

• Responsible for the complete administration of personal trust accounts which may also include estates, guardianships, life insurance trusts, court supervised trusts, investment agencies, custodies and IRAs, up to and including highly complex situations.
• Represents the bank in contacts with customers, attorneys, beneficiaries and other related parties. Administers assigned accounts; studies, analyzes and interprets the trust instrument, probate document or other governing document; determines and adheres to the responsibilities, duties, and terms of the governing document; monitors account activity ensuring compliance with established policies, procedures, rules, and regulations.
• Contacts, corresponds, advises, and resolves more complicated problems with clients, beneficiaries, portfolio managers, attorneys, CPAs, and other professionals in the course of an administration of accounts.
• Manages relationships among wards, guardians of the person, co-fiduciaries, grantors, and case managers.
• Develops new business; consults with others and refers internal partners to new business prospects. Obtains appropriate documentation on accounts; authorizes payments from accounts, considers tax liabilities, and recommends/approves discretionary payments in accordance with bank policies. Represents the bank in business related activities including professional organizations, conferences, and seminars, and in other similar situations.
• Must be able to work independently and also work as a member of the team.

What you'll do:

Administrative Duties

• Represent Wintrust Private Trust Company as trustee with irrevocable and revocable trusts from reviewing documents, accepting a fiduciary role, collecting cost and tax information through investment process and final distribution.
• Partner with real estate team to protect, insure, and oversee management, sale or purchase of real estate.
• Preparation/Review of annual tax returns. Coordinated investment reviews and meetings with clients.
• Prepare necessary discretionary requests for presentation and appropriate review/approval.
• Open and coordinate investment management accounts for personal and individual retirement accounts.
• Collect assets with cost basis and acquisition dates and review with client special investment requirements and investment objectives.
• Coordinate meetings with portfolio managers, Wintrust Private Client and other internal partners.
• Contact clients with required minimum distributions from IRAs and order distributions from IRAs.
• Open accounts, collect assets, and tax information for custody accounts.
• Review advantages of managed accounts and attempt to upgrade fee level.
• Open accounts, collect assets, and oversee financial matters on behalf of the principal for Revocable and Irrevocable Trusts.
• Manage all substantive issues arising within the estate or trust, including formation of budgets, preparation of annual accountings, purchase of suitable real estate, completion of tax documents, collection of assets, resolution of liabilities, review of legal documents and appearance before court.
• Serves as primary contact for the relationship and establishes strong relationships with the beneficiary, family, guardian of the person, or other individual, responding to their needs and explaining issues that may arise in the relationship.

Sales Duties

• Cultivate relationships with area lawyers, accountants, and centers of influence for business referrals.
• Work closely with Wintrust Wealth Management teams; WPC, WTI financial advisors, GLA, Commercial partners and Bank staff, cross-selling to all Wintrust clients.
• Retain existing client base, generate new revenue, grow the business for Northwest Indiana and the surrounding regions.
• Uncover additional d