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National Advisors Trust · 2 days ago

Trust Officer

Sioux Falls, SD

Full-time

Onsite

Mid Level

$87K/yr - $150K/yr

3+ years exp

National Advisors Trust is committed to simplifying and democratizing trust services to help individuals protect their loved ones. The Trust Officer will be responsible for administering a large book of trusts, ensuring compliance with laws and regulations, and providing exceptional client service.

CrowdfundingFinancial ServicesInformation Technology

Responsibilities

Review and administer trusts in accordance with the document and governing statutes

Analyze and research issues for investment advisors, as required

Review account documentation and ensure compliance with all laws, regulations, and internal policies

Prepare new account openings by reviewing trust instrument and all necessary documents

Correspond with prior trustees to ensure all proper documentation and information is received to ensure administrative continuity

Prepare instructions and coordinate with Operations to arrange for delivery of assets from prior custodians

Prepare and review funding agreements on splitting trusts and trusts resulting from settlement

Initiate, prepare, review, and supervise account closing documentation and processing with Operations

Prepare Receipts, Releases and Indemnification Agreements (RRIs) and Proposed Distribution Schedules, as needed. Coordinate and follow-up with Operations to ensure proper delivery of assets

Coordinate and act as liaison with investment advisors as necessary to complete annual administrative review, including but not limited to investment policy statements, beneficiary information and unique asset valuations

Conduct initial and periodic administrative account reviews on all trusts to review risk level, profitability, ensure compliance with governing documents, state law, tax requirements, and proper system coding

Process and coordinate fiduciary actions including discretionary distributions, document interpretation, tax compliance, and account maintenance on trust accounting system

Coordinate tax preparation, engagement letters, communication with CPAs, track, review and file tax returns, process tax payments, and process tax preparation fees

Prepare Crummey Notices and other required correspondence, requests, reports, etc

Maintain all fiduciary and administrative documents and history in an image-based document management system and CRM for each trust relationship for administrative management and continuity

Stay current regarding any developments in National and South Dakota trust law and communicate that information to trust team at NATC and how those developments may affect trust accounts

Educate and build relationships with our client RIAs, as well as their clients and estate planning professionals

Compliance with BSA/AML/OFAC-related laws and regulations as it applies within the scope of this position, including but not limited to, prompt completion of required BSA/AML/OFAC training

Additional duties and special projects as needed

Qualification

Trust administrationEstate planningFiduciary lawCTFA certificationMicrosoft OfficeAnalytical skillsCommunication skillsAttention to detailProblem solvingTeam player