Wealth & Trust Officer

First Dakota National Bank; United States; On-site; USD 70,000 - 100,000; Full time

Job summary

First Dakota National Bank is seeking a full-time Wealth & Trust Officer for its Yankton location. Candidates will direct and coordinate activities related to investment agency, IRA, trusts, and probate estates. Essential duties involve business solicitation, estate planning coordination, and investment management.

A Bachelor's degree and five years of experience are required, with preference for candidates holding CPA or CFP designations. The role demands excellent communication, attention to detail, and strict adherence to confidentiality.

Qualifications

• 5 years of related experience and/or training for the position.
• Ability to communicate effectively with diverse clientele.
• Must maintain strict confidentiality and comply with all bank policies.

Responsibilities

• Solicits business from potential clients.
• Coordinates establishment of clients' estate plans.
• Prepares annual account reviews for the Account Review Committee.

Skills

Attention to detail

Organizational skills

Effective communication

Teamwork

Education

Bachelor's degree (B.A/B.S)

JD, CPA, CTFA, or CFP designation (preferred)

Job description

Wealth & Trust Officer - Yankton

First Dakota National Bank is looking for a full-time Wealth & Trust Officer to join our Yankton team. This person will direct and coordinate activities relative to selling and administering investment agency, IRA, trusts, probate estates and court ordered conservatorships. Hours include Monday-Friday 8:00 AM - 5:00 PM.

Duties

• Solicits business from potential clients
• Develops contacts with spheres of influence including but not limited to bank personnel, legal and accounting professionals for client referrals
• Interviews clients to determine financial position and goals, resources, assets available to invest, and estate planning needs
• Prepares/presents proposals to clients for solving investment needs
• Coordinates establishment of client’s estate plan with client’s legal and accounting professionals
• Determines investment strategies for various fiduciary and investment account needsInitiates/manages the investment of accounts according to department investment policy and approved products
• Ensures accounts are invested according to specific account investment expectations
• Meets with clients periodically for investment and administrative reviews
• Serves as a participating member of the Asset Review Committee
• Prepares annual account reviews for presentation to Account Review Committee
• Coordinates administrative functions, including but not limited to collection of assets, distributions, tax preparation, legal filings, real property management and file documentation
• Develops understanding of trust operating system to ensure proper file administration, documentation and client communications
• Maintains current regulatory competencies in estate planning, probate and trust investing
• Other duties as assigned.

Qualifications

Attributes include a positive attitude and good work ethic. The ability to process a variety of tasks accurately and efficiently, the capability to maintain strict confidentiality, attention to detail and comply with all Bank policies and procedures. Communicate effectively with various types of clientele, co-workers and departments to resolve an assortment of needs. Strong organizational skills and the ability to work well in a team environment. Punctuality is a must.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience

• Bachelor’s degree (B.A/B.S) from four-year college or university
• 5 years related experience and/or training
• Preferred candidate will possess JD, CPA, CTFA, or CFP designation

Work Environment

Office: The work environment of this job includes interacting with others in an office setting, and the noise level is usually moderate.

Physical Demands

Light: The physical demands of this job include bending, sitting, and occasionally lifting up to 10 pounds with or without reasonable accommodation.