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Verrill · 2 weeks ago

Trust Officer - Private Clients and Fiduciary Services

Portland Office - Portland , ME 04101

Full-time

Onsite

Senior Level

7+ years exp

Verrill is actively reviewing resumes for a Trust Officer in their Portland office in Maine. This role plays a pivotal part in managing and administering trust accounts on behalf of clients, ensuring compliance with laws and regulations while providing exceptional client service.

AdviceConsultingLaw EnforcementLegal

Comp. & Benefits

Responsibilities

Providing comprehensive client service, administrative, and operational support in the administration of trusts and estates

Managing and administering trust accounts, including reviewing trust documents

Building and maintaining strong relationships with trustees, clients, investment managers, accountants, and other professionals

Ensuring compliance with applicable laws, regulations, and internal policies governing trust administration, including fiduciary responsibilities, and reporting obligations

Monitoring and evaluating trust assets, working closely with trustees and investment advisors

Identifying and mitigating potential risks associated with trust administration, such as legal, tax, or compliance issues, and implementing appropriate risk management strategies

Coordinating and facilitating the settlement of estates and trusts, including the distribution of assets and resolution of any legal or administrative issues that may arise

Preparing and maintaining accurate records of trust transactions, and other relevant documentation

Staying updated on industry trends, changes in laws and regulations, and best practices in trust administration

Initiating trust distributions and processing bill and tax payments via wire, ACH, or check

Preparing, reviewing, and distributing monthly, quarterly, and annual statements, invoices, and billings

Invoicing quarterly trustee fees

Processing Irrevocable Life Insurance Trust insurance premium payments

Issuing Crummey notices

Electronically filing documents, statements, and tax returns

Preparing accountings for both estates and trusts

Qualification

TrustEstate administrationClient serviceProject managementMS Office proficiencyAccounting systemsAnalytical skillsAttention to detailOrganizational skillsCritical thinking

Required

providing comprehensive client service, administrative, and operational support in the administration of trusts and estates

managing and administering trust accounts, including reviewing trust documents

building and maintaining strong relationships with trustees, clients, investment managers, accountants, and other professionals

ensuring compliance with applicable laws, regulations, and internal policies governing trust administration, including fiduciary responsibilities, and reporting obligations

monitoring and evaluating trust assets, working closely with trustees and investment advisors

identifying and mitigating potential risks associated with trust administration, such as legal, tax, or compliance issues, and implementing appropriate risk management strategies

coordinating and facilitating the settlement of estates and trusts, including the distribution of assets and resolution of any legal or administrative issues that may arise

preparing and maintaining accurate records of trust transactions, and other relevant documentation

staying updated on industry trends, changes in laws and regulations, and best practices in trust administration

initiating trust distributions and processing bill and tax payments via wire, ACH, or check

preparing, reviewing, and distributing monthly, quarterly, and annual statements, invoices, and billings

invoicing quarterly trustee fees

processing Irrevocable Life Insurance Trust insurance premium payments

issuing Crummey notices

electronically filing documents, statements, and tax returns

preparing accountings for both estates and trusts

exceptional attention to detail

strong organizational, analytical, and critical thinking skills

advanced computer skills including proficiency with MS Office (Word, Excel) and accounting systems