Job Description
Sr. Trust Officer To $150K - Chicago, IL Job # 3403b Who We Are The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves! We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you. The Position Our bank client is seeking to fill a Sr. Trust Officer role in the Chicago, IL area. The position is responsible for managing multimillion-dollar trust portfolios; primarily established by Municipalities throughout New Jersey. Wealth Management Administrator will be responsible for handling fiduciary account administration, and functions for individual and corporate client accounts, to ensure compliance to applicable laws, regulations, policies, practices and procedures.
The position offers a generous salary of up to $150K and a full benefits package. (This is not a remote position). Sr. Trust Officer responsibilities include:
The position offers a generous salary of up to $150K and a full benefits package. (This is not a remote position). Sr. Trust Officer responsibilities include:
- Demonstrate strong technical knowledge of trust and estate law, gift, irrevocable life insurance trust, IRA accounts, and all ERISA regulations and standards for retirement planning.
- Assess client estate and tax planning needs, from a legal and business perspective to effectively guide clients and their advisors to meet client and bank interests and objectives.
- Maintain sound client relationships by managing administrative and fiduciary functions in all individual accounts, and follow all applicable state and federal banking rules and regulations.
- Engage with clients regularly, providing excellent customer service on tax investments, and general information on estate planning.
- Review Trust documents, providing a summary of Trust powers and any potential areas of concern.
- Act as liaison with client attorneys, tax accountants and other professionals to ensure best outcome for client accounts.
- Align closely with investment and financial & estate planning experts to design comprehensive financial strategies and solutions to help clients achieve long term goals.
- Identify concerns and/or potential problems with clients' accounts and address with Chief Trust Officer and CEO. As appropriate make recommendations to resolve discrepancies.
- Implement and follow through on plans as needed, upon determination of assets allocation decisions.
- Actively participate in investment, administration and payment review committees for Trust accounts.
- A bachelor's degree in finance or a related field is required.
- MBA desired.
- Five years' of trust and/or estate management and administration experience.
- Experience with Fiduciary Income Tax and Estate Administration preferred.
- Expert knowledge of financial planning software including Excel, Power Point and cash flow analysis programs.
- Ability to effectively develop action plans for clients with recommendations for additional products and services to support long term needs and goals.
- Expert knowledge of federal, state and local banking regulations; as well as IRS laws and regulations.
- Proven project management and strategic planning skills.
- Ability to effectively communicate with bank Board of Directors and regulatory authorities, clients and client advocates (legal, financial and tax professionals).
- Proficient presentation skills and comfortable presenting to diverse audience.
Key skill Required
- Customer Service
- Project Management
- Accounting
- Accounts
- Account Administration
- Analysis
- Business Perspective
- Cash Flow Analysis
- Compliance
- Comprehensive
- Design
- Determination
- Develop Action Plans
- Development
- Estate Administration
- Estate Planning
- Finance
- Financial Planning
- Financial Planning Software
- Income Tax
- Influence
- Insurance
- Life Insurance
- Management
- Presentation
- Retirement Planning
- Strategic Planning
- Talent Acquisition
- Tax Planning
- Technical Knowledge
