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Stifel Financial Corp. · 1 day ago

Personal Trust Administrative Officer II

St Louis, MO

Full-time

Onsite

Mid Level

3+ years exp

Stifel Financial Corp. is a global wealth management and investment banking firm committed to innovation and client success. The Personal Trust Administrative Officer II administers trust accounts, ensuring compliance with regulations and fiduciary responsibilities while developing client relationships and coordinating with various stakeholders.

BankingFinanceFinancial Services

Responsibilities

Develop relationships with clients through frequent contact via telephone, email, or in writing. Communicate with FAs, attorneys, and CPAs regarding client needs

Review trusts to ensure compliance with regulatory guidelines and fiduciary responsibility

Interpret document to ensure appropriate administration of trusts; make sure files are complete for annual audit by federal and state examiners under Regulation 9 laws and guidelines

Review and report account status annually; consult with supervisor to clarify ambiguous terms or provisions of the document

Coordinate, monitor and execute post-death provisions with appropriate areas of trust company. . Review the trust for the dispositive provisions and notify remaindermen. Coordinate with attorney, CPA and personal representative the closing of the estate and the preparation of a 706 to determine each party's responsibility. Review estate assets and coordinate the disposition under minimal supervision with the attorney, personal representative and remaindermen. Review estate tax return (706) and order of distribution. Coordinate the transfer of assets from the estate to the trust (where applicable) or out of the trust per the dispositive provisions

Review Court Accountings under minimal supervision and upon approval, file with the appropriate Court or Court Referee

Review work of Trust Associate assigned to help with account administration for accuracy and bring any issues to manager's attention

Monitor trust activity; approve, coordinate and supervise the establishment of the account with the trust company including, coordination and monitoring of transferred assets, correct statement recipients, collecting cost basis information, approving account on system, approving fee schedule set-up, etc

Review daily account activity; establish recurring bill payments and client disbursements, keep client and FA apprised of any unusual activity in the account, monitor the yearly gift from the client to insurance trusts for payment of premiums. and revalue charitable trusts on an annual basis to ensure payments are going to the beneficiaries per the trust provisions

Qualification

Personal Trust AdministrationEstate PlanningRegulatory ComplianceMicrosoft ExcelCustomer ServiceLogicReasoningCommunication Skills

Required

Bachelor's degree in Business

3-5 years' of experience in Personal Trust Administration or Estate Planning

Understand and comply with all regulations, including 12CFR9, Community Reinvestment Act, Bank Secrecy Act, Fair Credit Reporting Act, etc

Ability to use logic and reasoning to identify complex problems; review related information and develop options and implement solutions

Ability to assess liability and react appropriately and promptly

Knowledge of principles and processes for providing customer and personal services

Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems

Proficient in Microsoft Excel, Word, PowerPoint, Outlook

Benefits

Health, dental and vision care

401k

Wellness initiatives

Life insurance

Paid time off

Company

Stifel Financial Corp.

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Established in 1890, Stifel, Nicolaus & Company, Incorporated is one of the nation’s premier full-service financial services firms, providing brokerage, trading, investment banking, investment advisory, and related services to individual investors, professional money managers, businesses, and municipalities through more than 400 locations across the U.S.

Founded in 1890

St Louis, Missouri, USA

5001-10000 employees