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First Mid · 1 month ago

Trust Administrator II

Creve Coeur, MO

Contract

Onsite

Mid, Senior Level

5+ years exp

First Mid is a banking institution that offers a range of financial services. The Trust Administrator II role involves managing trust accounts, ensuring compliance with legal requirements, and maintaining strong relationships with clients and beneficiaries.

BankingFinanceFinancial ServicesInsurancePersonal FinanceWealth Management

Responsibilities

Administers accounts where the Bank acts in the capacity of personal representative of an estate, trustee under will or inter vivos trust agreement, as a court appointed guardian of the estate of minors or incompetents and as an agent under a custody, escrow, safekeeping, or investment management arrangement

Where the Bank is personal representative of an estate, the assigned trust officer is responsible for the following duties:

Cooperates with legal counsel as to probate the will within departmental policies and applicable state law

Identifies, collects, secures, and appraises all assets and prepares an inventory in a timely manner

Handles assets such as real estate and closely held corporations that must be specially managed

Maintains contact with beneficiaries concerning their interest

Cooperates with accountant to properly determine tax elections; file federal and state tax returns and pay taxes in a timely manner

Ensures that all estate liabilities are identified, proven and satisfied

Ensures that remaining assets are distributed property

Where the Bank acts as trustee, the assigned trust officer is responsible for the following duties:

Administered trust in accordance with the will or trust agreement, bank policies and state laws

Trust income is collected and properly processed and distributed or reinvested

Trust principal is properly managed, invested and distributed

All tax reports and returns are prepared and submitted in a timely manner

Responsible for performing the statutory duties of a guardian of real and personal property in accordance with the directions of the court and concerned governmental agencies, and within departmental procedures and policies

Responsible for performing all duties specified in the terms of a custodial, escrow, safekeeping or investment management agreement. Secures and invests customer’s assets, collects and remits or reinvests income as directed

Responsible for the administration and management of certain personal trusts. Responsible for building customer satisfaction in the Bank

Oversees activities of other trust officers and department procedures related to personal trusts

Cross-sells other Bank services with officers in charge of retail deposits, retail lending, commercial lending, and cash management

Participates as a member of various Trust committees as assigned

Represent the Bank and provide leadership in key community activities and community activities and committees. Participate in professional associations, attend conventions, conferences and seminars. Build relationships with potential referral sources

Completed required training associated with job function

Performs other duties as assigned

Build and maintain strong customer relationships

Qualification

Trust administrationInvestment managementAnalytical skillsRegulationsInterpersonal skills

Required

Bachelor's degree in Finance or Business Administration or the equivalent of five plus years of specialized training in trust and investments and overall bank management

Thorough knowledge of Company's product and services

High level of analytical skills to conduct trust/investment account analysis and maintain account's progress in consideration of market trends, interest rates, economic conditions and other factors

High level of interpersonal skills to interact with customers and potential customers in a professional manner

Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment